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Aug 12 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

– BHP urged to run down not sell its fossil fuel assets https://on.ft.com/3AuLENC

– UK government urged to aid universities struggling with record student numbers https://on.ft.com/3lWfx5q

– Johnson poised to backtrack on mid-2030s gas boiler ban https://on.ft.com/3jOCXY0

– Germany arrests Briton on suspicion of spying for Russia https://on.ft.com/2Xp7Pa5

Overview

– BHP Group Plc has been urged to run down rather than divest its fossil assets by shareholder activist group Market Forces, to meet the goals of the Paris climate agreement.

– Education leaders have called on the UK government for more support to universities, as higher education institutions are struggling to accommodate a larger number of students following a surge in top A-level marks.

– Prime Minister Boris Johnson is set to cut down plans to ban the sale of new gas boilers in the UK from mid-2030, over concerns from ministers and Conservative Party lawmakers about the cost to consumers of transitioning to net zero emissions.

– German prosecutors on Wednesday said that they have arrested a British man working at the UK embassy in Berlin on suspicion of passing documents to the Russian intelligence service.

(Compiled by Bengaluru newsroom)

All Seven drill holes completed to date have intersected significant widths of veining and sulphides demonstrating the robust nature of this mineralized system at the Surebet Polymetallic Gold-Silver Zone.

Following the successful first drill hole from the North Showing drill pad (GD21-006, 195 meters, 030⁰/-62⁰) which intersected 61.5 meters* of quartz-sulphides veining, brecciation and associated alteration, the campaign’s seventh hole from the North Showing drill pad, GD21-007 (177 meters, 060⁰/-62⁰) cut 48.2 meters* of extensive veining and similar quartz-sulphide stockwork to that seen in GD21-006.

Portable XRF readings** from GD21-07 at a downhole depth of 115 meters returned up to 2293 g/t Silver, 0.09 % Copper, 0.20% Zinc and 1.68 % Lead (link to images).

GD21-06 and now GD21-007, both ~600 meter step out from the Cliff Showing confirm the extent and the orientation of the sulphides mineralization at ~350 meters up-dip and ~450 meters along strike, remaining open in all directions (link to images).

GD21-007 plunges to the northeast ~75 m south of the North Showing, intersecting strongly altered sandstone with variable amounts of quartz-sulphides (pyrrhotite-galena-sphalerite-chalcopyrite) veining and stockwork from 69.4 – 117.6 meters, overprinted by more massive quartz-carbonate breccia with minor sulphides between 88.0 to 97.5 meters downhole length. The mineralized interval ends ~30 meters south of mineralization in GD21-006.

Drill core from the polymetallic mineralization in the 5 drill holes of the Cliff Showing and now the 2 drill holes from the North Showing have been sent for assay and the first set of results will be finalized shortly.

A minimum of 4 fan drill holes will be completed at the North Showing, and additional fan drilling is planned for the Lower and Upper Waterfall, Main and Central Showings of the Surebet Polymetallic Gold-Silver Zone, testing the strike length of ~1000 meters exposed at surface.

The 2021 fully funded maiden drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters. Based on the polymetallic mineralization observed to date, a second drill has been added to the program to maximize production.

A recent airborne geophysical survey and 3D magnetic model delineate a magnetic high to the west and beneath the Surebet Zone, possibly representing an intrusive body that could serve as the source for this extensive system of high-grade gold-silver mineralization.

~5,000 meters of drilling are planned and will target the extensive Surebet higher-grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

^{* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system. ** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.}

TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 48.2 meters* drill intercept of quartz-sulphide (galena, pyrrhotite, sphalerite, chalcopyrite) veining, brecciation and associated alteration from the seventh drill hole (GD21-007) during the Company’s 2021 Maiden Diamond Drill Program (the “Campaign”) at its 100% controlled Golddigger Property (the “Property”). Based on the initial observations of extensive polymetallic mineralization in the first six drill holes, a second drill rig was added to the Campaign in order to accelerate the drilling at depth.

Both rigs will continue to trace the full extent of the Surebet Polymetallic Gold-Silver Zone (“Surebet”) along strike and at depth. The recently completed airborne geophysics survey (Magnetics, Electromagnetics) indicates more widespread magnetism at Surebet, likely related to the presence of pervasive magnetic pyrrhotite. The survey also defined the boundary of the major intrusive body to the west along with a number of offshoot dykes in the immediate area of the known Surebet mineralization, both of which are believed to be part of the driving force of the polymetallic mineralization.

Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Showings at Surebet, testing the strike length of 1000 meters exposed at surface. The drill campaign has been modified focussing on step-back holes using the two rigs to test the mineralized structure. In addition, the Company plans on testing the Cloud 9 Gold Showing (“Cloud 9”) located ~900 meters west of Surebet, and if successful, this would extend the down dip depth of the mineralization to nearly 1000 meters (link to image). Cloud 9 has similar mineralization to Surebet. Geologic observations at surface and within drill core shows structural strain concentrating along the Surebet and bent to a shallower geometry. Hopefully there are several of these en echelon structures within the mineralized domain. Surebet still remains open in all directions.

The recently completed helicopter airborne geophysical survey was flown at 50 meter line-spacings by Precision GeoSurveys using their exclusive 3 sensor triple boom high resolution instruments (Gradient magnetics, electromagnetics). The data was modelled by both our technical team and Precision GeoSurveys, and indicates more widespread magnetism at Surebet, some features may represent magnetic pyrrhotite-rich structures. The survey and 3D modelling defined an intrusive body to the west and underlying both Surebet Zone and the entire surrounding area. The data collected also coincides with some of the documented dykes mapped on surface in the area of the Surebet and beyond. Geophysical modelling provides valuable insight to the geometry and setting of this extensive hydrothermal system. The planned drilling will test the newly developed model while focusing on expanding the Gold Silver mineralization both along strike and to depth. Our understanding of this system will continue to grow based on the hard data collected as the inaugural drill program moves forward.

GD21-007, second drill hole at the North Showing

GD21-007 was drilled towards the area south of the North Showing where 2020 channel cut and grab samples yielded intercepts of 5.13 g/t AuEq over 12.3 meters, including 17.86 g/t AuEq over 3.1 meters, and 15.09 g/t AuEq over 5.3 meters including 17.01 g/t AuEq over 4.7 meters (Company news release dated November 10, 2020).

GD21-007 plunges to the northeast ~75 m south of the North Showing, intersecting strongly altered sandstone with variable amounts of quartz-sulphides (pyrrhotite-galena-sphalerite-chalcopyrite) veining and stockwork from 69.4 to 117.6 meters, overprinted by more massive quartz-carbonate breccia with minor sulphides over a 9.5-meters section between 88.0 to 97.5 meters downhole length. The mineralized interval is ~30 meters south of mineralization in GD21-006.

The 2021 drill campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1000 meters (1km) of strike and to a down dip depth over 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently Surebet averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut samples taken in 2020. Surebet also has 500 meters of vertical relief and 1000 meters of inferred down dip extent. The Property is in a mining friendly jurisdiction in a world class geological setting near Stewart, B.C. in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

^{* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system.}
^{** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.}

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company contracted by Goliath. Core boxes are transported by helicopter over a 15 kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-constructed, meterage blocks are checked, meter marks are labeled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit™.

Drill holes were planned using Leapfrog Geo™ and QGIS™ software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a plastic bag with an ALS sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and PGM-ICP24 methods. Overlimits are re-analyzed using the ME-OG62, Ag-GRA21, and PGM-ICP27 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

The Property has an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C.

Surebet is located some 8 kilometers southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this

release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

The consumer price inflation (CPI) for the month of July, which reflects the general level of price, came in at 5.4%, a bit ahead of the market expectation of 5.3%. Month over month, the increase was 0.5%, which moderated from the 0.9% rise witnessed in June.

A more reliable measure that is core inflation, which excludes petroleum and food prices, inched up 0.3% last month, lower than economists’ assumption of a 0.4% escalation. It was also below the 0.9% climb recorded in June.

Major components that contributed to the high inflation were food, new vehicles and shelter. Prices relented a bit for energy, used cars and trucks, apparel, transportation services and medical care. These areas of the economy saw a price surge due to pent-up demand for travel, shopping and delayed healthcare by Americans due to the COVID-19 pandemic.

Though the general price level is at a 13-year high, the rise slowed down. And that cheered the markets with the Dow and S&P moving up 0.62% and 0.25%, respectively.

Per the latest data on inflation, it was widely perceived that price rise might have already peaked but was transitory at the same time as Fed assured.

Some economists are of the opinion that even though the initial burst in inflation is receding, overall, it may remain elevated due to rising wages, high rent etc.

However, the odds against monetary tightening remain low at the moment and interest rates too may continue to be tepid, thereby supporting businesses. The state of labor market will be the determining factor for Fed’s current monetary policy.

On another positive note, economy seems to be on a strong footing as measured by GDP, which augmented at an annualized rate of 6.5% in the second quarter. Consumer spending jumped 11.8% during the three months ended Jun 30, the second-fastest rate since 1952 as people grew more confident about their disposable income.

Economic growth will sustain as rebuilding of infrastructure sets the ball rolling with regard to economic activities. The $1.2-trillion infrastructure bill is already approved by the Senate and currently awaits a further approval in the House of Representatives.

Stocks to Buy

Against an overall upbeat economic backdrop, we pick three growth stocks that should fetch remarkable returns. Each of these stocks carries a Strong Zacks Rank with a solid Growth Score. They have also witnessed an upward revision in earnings estimates.

United States Steel Corp. X is a steel manufacturer in the United States and the fifth largest in the world. Another leading producer of structural steel is Nucor Corp. NUE.

United States Steel is set to benefit from U.S. steel prices that made a strong recovery and hit record levels after seeing the pandemic-induced multi-year lows in August 2020.

With the acquisition of Big River steel in January 2021, the company’s position will expand in the high-margin steel-end markets including energy, infrastructure and automotive. The deal will rake in as much as $1 billion worth capital and drive operational cash improvements by 2022.

The company is also deleveraging its balance sheet, which will reduce its interest expense. A strong balance sheet with adequate financial flexibility will aid it to reap future growth opportunities that will come along with Biden’s infrastructure spending.

The stock currently has a Zacks Rank #1 (Strong Buy) and a Growth Score B. The Zacks Consensus Estimate for its current-year earnings improved 10.2% over the last 30 days. You can see the complete list of today’s Zacks #1 Rank stocks here.

Conns Inc. CONN is set to gain from buoyant demand for its products as consumer spending continues to grow.

The company sells major home appliances and a variety of consumer electronics products. Besides, it deals in home office equipment, lawn and garden products as well as bedding, and continues introducing additional product categories for the home to boost same-store sales and respond to the customers' product needs.

De-risking balance sheet, and expanding its digital and e-commerce capabilities bode well for the long haul. Its strategic initiatives including expansion of its brick-and-mortar footprint and enhancement of its merchandising and marketing strategies will likely contribute to its sales.

Its strong cash flow backs its long-term initiatives. The stock is set for growth in the long run with the economy booming.

The stock currently has a Zacks Rank of 1 and a Growth Score A. The Zacks Consensus Estimate for its current-year earnings improved 27.5% over the last 60 days.

AdvanSix Inc. ASIX, the chemical manufacturer, which produces nylon 6 resin, chemical intermediates and ammonium sulfate fertilizer, rides high on the strong economy.

The company is expected to gain from an uptick in demand across a number of markets including automotive, building & construction, electronics and packaging. Higher demand is expected to bolster its volumes. Solid agricultural industry fundamentals also bode well.

Its robust balance sheet health provides greater flexibility and more options for further value creation. The company is expecting operational efficiency amid sturdy industry dynamics to lift earnings and cash flows in 2021.

The company presently sports a Zacks Rank #1and has a Growth Score B. The Zacks Consensus Estimate for 2021 earnings has been revised 34.7% upward over the past 30 days.

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To read this article on Zacks.com click here.

Shares Outstanding: 277,659,867
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, Aug. 12, 2021 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to announce the release of financial results for the quarter ending June 30, 2021 with record revenue of $15 million (all amounts are in U.S. dollars) from the sale of 563,401 silver equivalent ounces.

"Parral had another great quarter, generating a record $7.5 million in free cash flow, or a record $27.1 million for the last 12 months. These funds are being reinvested into Los Ricos, which we believe is generating great value for our shareholders," Brad Langille, President and CEO stated. "Renegotiating the Parral off-take agreement provided cash savings of $194,000 in the two months since amendment."

Financial Highlights for the quarter ending June 30, 2021:

Free cash flow from Parral of $7.5 million
Company cash flow from operations before working capital of $6.0 million, $2.7 million after working capital
Adjusted net income of $3.9 million, adjusted for a one-time loss related to the off-take agreement amendment of $3.4 million
Revenue of $15 million on the sale of 563,401 silver equivalent ounces at a realized price per ounce of $26.58
Cash of $73.5 million USD
Production of 575,302 silver equivalent ounces, consisting of 315,632 silver ounces, 3,170 gold ounces, and 120 copper tonnes

The Corporation has an off-take agreement ("Off-Take Agreement") which was amended on April 29, 2021. Prior to amendment, the Off-Take Agreement resulted in an average of approximately 3.6% lower realized prices for gold and silver as compared to spot market pricing. Under the amended and restated Off-Take Agreement, the Corporation has agreed to sell to the counterparty 2.4% of all the refined gold and refined silver produced at Parral over the remaining life of the operation at a price equal to 30% of the prevailing market price. The difference between net income and adjusted net income is due to a one-time pre-tax adjustment of $3.4 million due to an onerous contract provision required for the Off-Take Amendment. Management estimates the amendment will provide a net cash benefit to the Corporation of approximately 2% of revenue on a monthly basis going forward. In the two months from amendment until June 30, the savings were $194,000.

Following are tables showing summarized financial information and key performance indicators:

Summarized Consolidated Financial Information	Three months ended Jun 30		Nine months ended Jun 30
(in thousands USD, except per share amounts)	2021	2020	2021	2020
Revenue	$ 14,973	$ 7,886	$ 42,282	$ 25,792
Cost of sales, including depreciation	8,754	6,401	25,190	22,395
Operating income (loss)¹	746	254	8,174	(271)
Net income (loss)¹	438	2	7,406	(1,184)
Adjusted net income¹	3,902	2	10,870	(1,184)
Basic net income (loss) per share	0.002	0.000	0.028	(0.007)
Cash flow from operations	2,714	523	11,839	3,236

¹Three and nine months ended June 30 includes one-time loss on onerous contract provision of $3,464.

Key Performance Indicators¹	Three months ended Jun 30		Nine months ended Jun 30
(in thousands USD, except per ounce amounts)	2021	2020	2021	2020
Total tonnes stacked	480,499	282,743	1,347,811	980,830
Silver equivalent ounces sold	563,401	469,545	1,706,560	1,591,856
AISC per silver equivalent ounce²	$ 16.98	$ 14.93	$ 16.12	$ 14.87
Cash cost per silver equivalent ounce²	$ 13.31	$ 12.13	$ 12.79	$ 12.35
Realized silver price	$ 26.58	$ 16.80	$ 24.78	$ 16.20

¹Key performance indicators are unaudited non-GAAP measures.

²Gold and copper are converted using average market prices.

This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended June 30, 2021, notes to the financial statements, and management's discussion and analysis for the quarter ended June 30, 2021, which have been filed on SEDAR and are available on the Company's website.

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, P.Eng., who is a qualified person for the purposes of NI 43-101.

About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with the GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, the effects of the global COVID-19 pandemic, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

Cautionary non-GAAP Measures and Additional GAAP Measures
Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies.

Additional GAAP measures that are presented on the face of the Company's consolidated statements of comprehensive income include "Operating income (loss)". These measures are intended to provide an indication of the Company's mine and operating performance. "Cash flow from operating activities before changes in non-cash working capital" is a non-GAAP performance measure that could provide an indication of the Company's ability to generate cash flows from operations, and is calculated by adding back the change in non-cash working capital to "Net cash used in operating activities" as presented on the Company's consolidated statements of cash flows. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. "Cash costs per ounce" and "all-in sustaining costs per ounce" as used in this analysis are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, "cash costs per ounce" reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. "Cash costs per ounce" may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. "All-in sustaining costs per ounce" include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated August 11, 2021, for the quarter ended June 30, 2021, as presented on SEDAR.

Cision

View original content:https://www.prnewswire.com/news-releases/parral-generates-record-7-5m-usd-of-free-cash-flow-for-quarter-ending-june-30–2021–301354259.html

SOURCE GoGold Resources Inc.

Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/12/c7293.html

EnerSys ENS reported mixed results for first-quarter fiscal 2022 (ended Jul 4, 2021). Its earnings surpassed estimates by 4.17%, while sales lagged the same by 0.03%.

The company’s earnings in the fiscal first quarter were $1.25 per share, surpassing the Zacks Consensus Estimate of $1.20. The quarterly earnings grew 35.9% from the year-ago quarter’s figure of 92 cents per share on sales improvement, partially offset by an increase in costs and expenses.

Revenue Details

In the reported quarter, EnerSys’ net sales amounted to $814.9 million, up 15.6% year over year. The results benefitted from 12% growth in volumes and a 4% positive impact from foreign currency movements.

The company noted that the top line benefitted from strength across all the segments. Backlog, exiting the reported quarter, was at $850 million.

However, EnerSys’ top line lagged the Zacks Consensus Estimate of $815 million.

Geographically, the company’s net sales increased 13% year over year to $557 million in the Americas, while the metric witnessed growth of 27% to $201 million in Europe, Middle East and Africa. Sales in Asia were $57 million, reflecting an increase of 3% from the year-ago quarter.

The company reports revenues under three segments. A brief discussion of the quarterly results is provided below:

Energy Systems’ sales were $371.2 million, which contributed 45.6% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 5%. Volume was up 3% and pricing had an adverse impact of 1%. Foreign currency translations benefitted by 3%.

The Motive Power segment generated revenues of $336.1 million, contributing 41.2% to net revenues in the reported quarter. The figure increased 27.9% year over year on the back of 22% growth in volumes, 1% positive contribution from pricing and 5% of forex tailwinds.

Specialty’s sales were $107.6 million, which contributed 13.2% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 21.3%. Volumes grew 18% in the quarter, while pricing and foreign currency translations had positive impacts of 1% and 2%, respectively.

Margin Profile

In the reported quarter, EnerSys’ cost of sales increased 17.3% year over year to $621.7 million. Cost of sales was 76.3% of the quarter’s net sales. Gross profit in the quarter grew 10.4% year over year to $193.2 million, while gross margin fell 110 basis points (bps) year over year to 23.7%.

Operating expenses increased 3.4% year over year to $124.5 million. It represented 15.3% of net sales in the reported quarter versus 17.1% in the year-ago quarter. Adjusted operating earnings were $75.1 million, reflecting year-over-year growth of 22.7%. Margin increased 50 bps year over year to 9.2%.

The company’s performance in the quarter suffered from shortages in transportation, raw material and labor. Measures to deal with these issues were taken.

Balance Sheet & Cash Flow

Exiting the first quarter of fiscal 2022, EnerSys had cash and cash equivalents of $406.2 million, down 10.1% from $451.8 million recorded in the last reported quarter. Long-term debt increased 5.2% sequentially to $1,020.4 million.

In the reported quarter, the company repaid a term loan of $11.4 million and revolving credit borrowings of $5.7 million. However, proceeds for revolving credit borrowings were $65.7 million in the quarter.

The company used net cash of $48.1 million for its operating activities in the quarter against net cash generation of $116.6 million in the year-ago quarter. Capital expenditure totaled $16.4 million compared with $26.3 million in the prior-year quarter.

Dividend & Share Buyback

EnerSys rewarded shareholders with a dividend payout of $7.4 million in first-quarter fiscal 2022. Shares repurchased amounted to $31.5 million.

Concurrently, the company announced that its board of directors approved the payment of a quarterly cash dividend of 17.5 cents per share to shareholders of record as of Sep 10. The disbursement will be made on Sep 24.

Outlook

Though supply-chain constraints will be headwinds in the near term, EnerSys anticipates gaining from the healthy demand for products across all businesses.

Enersys Price, Consensus and EPS Surprise

Enersys price-consensus-eps-surprise-chart | Enersys Quote

Zacks Rank & Stocks to Consider

With a market capitalization of $4.2 billion, the company currently carries a Zacks Rank #3 (Hold).

Some better-ranked companies in the industry are A. O. Smith Corporation AOS, Emerson Electric Co. EMR and Regal Beloit Corporation RBC. All companies presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In the past 30 days, earnings estimates for all these companies improved for the current year. Further, earnings surprise for the last reported quarter was 12.31% for A. O. Smith, 11.22% for Emerson and 11.76% for Regal Beloit.

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TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that gold production has commenced at the New Britannia mill in Snow Lake, Manitoba. Refurbishment activities at the gold mill were completed in June 2021, followed by commissioning and startup activities in July. The mill achieved first gold production on August 11, 2021, in line with the timelines assumed in recent company guidance and ahead of the original schedule to produce first gold before the end of 2021.

“We are proud of the New Britannia project and operating teams for completing construction activities ahead of the original timelines and achieving a successful ramp up to first gold pour,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “This is a major growth milestone for Hudbay and our Manitoba business as it marks the beginning of the transition of our Lalor mine to a primary gold operation.”

The company is also completing the construction of a new copper flotation facility at New Britannia, which remains on track for commissioning and ramp up in the fourth quarter of 2021. Annual gold production from Lalor and the Snow Lake operations is expected to increase to over 180,000 ounces during the first six full years of New Britannia's operation at an average cash cost and sustaining cash cost, net of by-product credits, of $412 and $788 per ounce of gold, respectively.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, the schedule to complete construction of the copper flotation facility at New Britannia and production and cost expectations for Lalor and the New Britannia mill. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information.

The material factors or assumptions that Hudbay identified and were applied by the company in drawing conclusions or making forecasts or projections set out in the forward-looking information include, but are not limited to, the expected timing to complete construction and ramp up the copper flotation circuit at New Britannia and no significant unanticipated delays to the full completion of the New Britannia project.

The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated with the mining industry, such as economic factors (including future commodity prices, currency fluctuations, energy prices and general cost escalation), risks associated with commission a new processing plant, risks associated with the COVID-19 pandemic, risks associated with the labour union negotiations in Manitoba as well as the risks discussed under the heading “Risk Factors” in Hudbay’s most recent Annual Information Form.

Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, you should not place undue reliance on forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.

About Hudbay

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

For further information, please contact:

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

In this article, we discuss the stocks on the rise and the 15 best to buy now. If you want to skip our detailed analysis of these stocks, go directly to Stocks On The Rise: 5 Best To Buy Now.

Investors looking to capitalize on the post-pandemic economic boom at the stock market have started to consider investments in momentum exchange-traded funds (ETFs) that lower the potential risk of investing in individual plays and lead to healthier and more regular returns. There are several factors that have contributed to this level of confidence in ETFs, which include a record earnings session for the S&P 500, a decrease in the unemployment rate, and the approval of an infrastructure bill that looks set to jumpstart the US manufacturing industry.

According to data released by FactSet, a financial data firm, on August 6, 87% of the firms on the S&P 500 reported a positive earnings per share surprise in the second quarter, with 89% of the firms on the index having reported their results at the time of the release. This marks the highest percentage of firms on the index beating expectations on earnings since FactSet started tracking this metric back in 2008. Adding to this positive sentiment, investment bank Goldman Sachs has raised the price target on the S&P 500 to $4,900 for 2022 from $4,600.

Figures from the US Department of Labor reveal that the US economy added more than 940,000 jobs in the month of July. The statistic increased investor confidence at the market that had been dampened by the spread of the Delta variant of COVID-19 and inflation predictions leading to fears about a drawdown in stocks. On August 10, recovery catalysts were given a further boost after the US Senate passed the $1 trillion infrastructure bill of US President Biden to increase government spending on rebuilding roads, airports, and communications systems.

Some of the best stocks to buy now to ride this momentum include Alphabet Inc. (NASDAQ: GOOG), PayPal Holdings, Inc. (NASDAQ: PYPL), and The Walt Disney Company (NYSE: DIS), among others discussed in detail below. As consumer confidence increases and the GDP grows – the US GDP grew at a record annual rate of 6.5% in the second quarter – investors are hopeful of an extended bull run at the market that weathered one of the worst crises of the post-war era during 2020 because of the COVID-19 lockdowns.

The pandemic accelerated the adoption of technologies that are disrupting several sectors of the economy, including the finance world. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Our Methodology

With this context in mind, here is our list of the stocks on the rise and the 15 best to buy now. These were selected from the holdings of iShares MSCI USA Momentum Factor ETF (BATS: MTUM), the fund that invests at least 90% of assets in an index that tracks the performance of stocks with higher momentum characteristics in the market capitalization-weighted index. After the initial selection, the firms were further sorted according to hedge fund sentiment using data from the 866 funds tracked by Insider Monkey. Special importance was assigned to the basic business fundamentals and analyst ratings for each firm in the final selection.

Stocks On The Rise: Best To Buy Now

15. Moderna, Inc. (NASDAQ: MRNA)

Number of Hedge Fund Holders: 39

Moderna, Inc. (NASDAQ: MRNA) is a biotechnology company that develops and sells therapeutics and vaccines. It is placed fifteenth on our list of the stocks on the rise and the 15 best to buy now. It is based in Cambridge. On August 10, the firm announced that it had signed a memorandum of understanding with the Canadian government to set up a manufacturing facility in the country. The firm will invest hundreds of millions of dollars to set up the new facility, according to reports. The share price soared by 17% following the announcement.

On July 15, investment advisory Jefferies raised the price target on Moderna, Inc. (NASDAQ: MRNA) stock to $250 from $170 but kept a Hold rating. Michael Yee, an analyst at the firm, issued the ratings update.

At the end of the first quarter of 2021, 39 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in Moderna, Inc. (NASDAQ: MRNA), down from 41 in the preceding quarter worth $1.4 billion.

Just like Alphabet Inc. (NASDAQ: GOOG), PayPal Holdings, Inc. (NASDAQ: PYPL), and The Walt Disney Company (NYSE: DIS), Moderna, Inc. (NASDAQ: MRNA) is one of the stocks on the rise and the best to buy now.

In its Q2 2021 investor letter, Baillie Gifford, an asset management firm, highlighted a few stocks and Moderna, Inc. (NASDAQ: MRNA) was one of them. Here is what the fund said:

“Among the top contributors to Fund performance in the second quarter was Moderna. Moderna has just reported its first profitable quarter in the company’s history – net income for the most recent quarter was $1.2 billion. It reported revenue of $1.9 billion, an impressive increase compared to $8 million a year ago, driven by the sales of its Covid-19 vaccine. Moderna is expecting to deliver up to 1 billion vaccine doses in 2021 and is in discussions to increase global supply to governments around the world. Our long-term focus remains on the transformational potential of Moderna’s technology and its ability to address different diseases.”

14. United Parcel Service, Inc. (NYSE: UPS)

Number of Hedge Fund Holders: 44

United Parcel Service, Inc. (NYSE: UPS) is ranked fourteenth on our list of the stocks on the rise and the 15 best to buy now. United Parcel Service, Inc. (NYSE: UPS) is headquartered in Georgia and provides transportation, logistics, and delivery services. In earnings results for the second quarter, posted on July 27, the firm reported earnings per share of $3.06, beating market predictions by $0.25. The revenue over the period was more than $23 billion, up 14% year-on-year and beating market estimates by $230 million.

On June 25, investment advisory Morgan Stanley maintained an Equal Weight rating on United Parcel Service, Inc. (NYSE: UPS) stock but raised the price target to $270 from $265, noting that the firm had given guidance numbers that were between a bull and bear prediction.

Out of the hedge funds being tracked by Insider Monkey, Washington-based Bill & Melinda Gates Foundation Trust is a leading shareholder in United Parcel Service, Inc. (NYSE: UPS) with 2.8 million shares worth more than $476 million.

13. Capital One Financial Corporation (NYSE: COF)

Number of Hedge Fund Holders: 59

Capital One Financial Corporation (NYSE: COF) is placed thirteenth on our list of the stocks on the rise and the 15 best to buy now. The company owns and runs the Capital One Bank and is based in Virginia. On July 22, the company posted earnings for the second quarter, reporting earnings per share of $7.71, beating market estimates by $3.17. The revenue over the period was $7.3 billion, up 12% compared to the revenue over the same period last year and beating market estimates by $240 million.

On July 23, investment advisory BMO Capital raised the price target on Capital One Financial Corporation (NYSE: COF) stock to $184 from $176 and reiterated an Outperform rating, noting that the strong earnings results of the firm were facilitating growth investments.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in Capital One Financial Corporation (NYSE: COF) with 6.5 million shares worth more than $828 million.

Alongside Alphabet Inc. (NASDAQ: GOOG), PayPal Holdings, Inc. (NASDAQ: PYPL), and The Walt Disney Company (NYSE: DIS), Capital One Financial Corporation (NYSE: COF) is one of the stocks on the rise and the best to buy now.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Capital One Financial Corporation (NYSE: COF) was one of them. Here is what the fund said:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. In financials, we increased our position in Capital One on the premise that a benign consumer credit environment should be sustainable in light of unprecedented government support.”

12. Tesla, Inc. (NASDAQ: TSLA)

Number of Hedge Fund Holders: 62

Tesla, Inc. (NASDAQ: TSLA) is a California-based electric vehicle maker and clean energy firm. It is ranked twelfth on our list of the stocks on the rise and the 15 best to buy now. On August 10, the company reported that in July, it had sold 32,968 EVs made in China, down 0.6% compared to the units sold in June. The firm also revealed that it exported more than 24,000 units made in China during July as local sales had declined. Tesla is facing competition from local EV makers as it steps up investments in growth markets.

On August 9, investment advisory Jefferies upgraded Tesla, Inc. (NASDAQ: TSLA) stock to Buy from Hold and raised the price target to $850 from $700, highlighting the higher global battery electric demand and assembly capacity in 2022 as growth catalysts for the firm.

At the end of the first quarter of 2021, 62 hedge funds in the database of Insider Monkey held stakes worth $10 billion in Tesla, Inc. (NASDAQ: TSLA), down from 68 in the preceding quarter worth $12 billion.

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ: TSLA) in its Q1 2021 investor letter:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”

11. Freeport-McMoRan Inc. (NYSE: FCX)

Number of Hedge Fund Holders: 68

Freeport-McMoRan Inc. (NYSE: FCX) is an Arizona-based mining company. It is placed eleventh on our list of the stocks on the rise and the 15 best to buy now. In earnings results for the second quarter, posted on July 22, the firm reported earnings per share of $0.77, beating market estimates by $0.02. The revenue over the period was $5.7 billion, up close to 90% compared to the revenue over the same period last year. The company has a market cap of over $53 billion.

On July 23, investment advisory Deutsche Bank maintained a Buy rating on Freeport-McMoRan Inc. (NYSE: FCX) stock but lowered the price target to $47 from $50, noting that the firm was looking to increase growth-related investments.

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $3.2 billion in Freeport-McMoRan Inc. (NYSE: FCX), down from 71 in the preceding quarter worth $2.6 billion.

In addition to Alphabet Inc. (NASDAQ: GOOG), PayPal Holdings, Inc. (NASDAQ: PYPL), and The Walt Disney Company (NYSE: DIS), Freeport-McMoRan Inc. (NYSE: FCX) is one of the stocks on the rise and the best to buy now.

10. The Goldman Sachs Group, Inc. (NYSE: GS)

Number of Hedge Fund Holders: 77

The Goldman Sachs Group, Inc. (NYSE: GS) is ranked tenth on our list of the stocks on the rise and the 15 best to buy now. The company markets financial services and is headquartered in New York. On August 1, news platform CNBC claimed that the firm would be raising the salaries of junior bankers employed at the company following other Wall Street banks doing the same. Under the new policy, the bank would pay junior bankers a base salary of $110,000, up from $85,000. The salaries of second-year analysts and first-year associates were also raised.

On July 14, investment advisory Oppenheimer kept an Outperform rating on The Goldman Sachs Group, Inc. (NYSE: GS) stock and raised the price target to $540 from $493, underlining that there was nothing not to like in the stock after an earnings beat.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Eagle Capital Management is a leading shareholder in The Goldman Sachs Group, Inc. (NYSE: GS) with 4.7 million shares worth more than $1.5 billion.

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and The Goldman Sachs Group, Inc. (NYSE: GS) was one of them. Here is what the fund said:

“Financial services firm Goldman Sachs is a best-in-class franchise with a premier brand that attracts top talent and sustains market share across its businesses. We believe this has helped Goldman weather recent market volatility. In addition to de-levering risk-weighted assets, Goldman is also growing its digital investment footprint through the expansion of features on its Marcus Invest platform. The company’s stability—and ability to grow its brand even in tough times—has kept us invested over the long term.”

9. Applied Materials, Inc. (NASDAQ: AMAT)

Number of Hedge Fund Holders: 78

Applied Materials, Inc. (NASDAQ: AMAT) is placed ninth on our list of the stocks on the rise and the 15 best to buy now. The company provides manufacturing equipment and other services to the semiconductor and display industries. It is based in California. On May 20, the firm posted earnings for the second fiscal quarter, reporting earnings per share of $1.63, beating market predictions by $0.12. The revenue over the period was $5.5 billion, up close to 41% year-on-year and beating estimates by $180 million.

On May 21, investment advisory Morgan Stanley maintained an Overweight rating on Applied Materials, Inc. (NASDAQ: AMAT) stock and raised the price target to $160 from $146, noting that the firm delivered the revenue for the quarter near the high-end of guidance.

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Generation Investment Management is a leading shareholder in Applied Materials, Inc. (NASDAQ: AMAT) with 4.4 million shares worth more than $590 million.

Alphabet Inc. (NASDAQ: GOOG), PayPal Holdings, Inc. (NASDAQ: PYPL), and The Walt Disney Company (NYSE: DIS) are some of the stocks on the rise and the best to buy now, just like Applied Materials, Inc. (NASDAQ: AMAT).

8. Morgan Stanley (NYSE: MS)

Number of Hedge Fund Holders: 79

Morgan Stanley (NYSE: MS) is a New York-based financial holding company. It is ranked eighth on our list of the stocks on the rise and the 15 best to buy now. The company reported earnings for the second quarter on July 15, posting earnings per share of $1.89, beating market predictions by $0.23. The revenue over the period was $14.8 billion, up 8% compared to the revenue over the same period last year and beating estimates by $810 million. The firm also doubled a quarterly common stock dividend to $0.70 per share.

On July 19, investment advisory Citi raised the price target on Morgan Stanley (NYSE: MS) stock to $97 from $88 but kept a Neutral rating, appreciating the strong quarterly results of the firm and noting it was hard to find a better well-positioned bank.

At the end of the first quarter of 2021, 79 hedge funds in the database of Insider Monkey held stakes worth $5.2 billion in Morgan Stanley (NYSE: MS), up from 66 in the preceding quarter worth $5.6 billion.

In its Q1 2021 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Morgan Stanley (NYSE: MS) was one of them. Here is what the fund said:

“Top three contributor Morgan Stanley, a leading global financial services company, came into the portfolio in Q4 as a result of its purchase of E*TRADE. E*TRADE is a great fit on Morgan Stanley’s wealth management platform and provides a considerable amount of non-interest-bearing deposit funding. James Gorman, chairman and CEO, has steadily de-risked Morgan Stanley’s business by adding less volatile fee streams and deemphasizing the risk-obtuse culture of prior management. We believe the market will come to appreciate this mix shift over time.”

7. Square, Inc. (NYSE: SQ)

Number of Hedge Fund Holders: 92

Square, Inc. (NYSE: SQ) is a California-based payments company. It is placed seventh on our list of the stocks on the rise and the 15 best to buy now. In second quarter earnings, posted on August 1, the company beat market expectations on earnings per share by $0.35. The same day, the company announced that it would be purchasing Afterpay, an Australian fintech firm, for $29 billion in stock. The share price of the Californian firm soared by more than 10% following the announcement.

On August 4, investment advisory Barclays kept an Overweight rating on Square, Inc. (NYSE: SQ) stock but raised the price target to $345 from $340. Ramsey El-Assal, an analyst at the firm, issued the ratings update.

At the end of the first quarter of 2021, 92 hedge funds in the database of Insider Monkey held stakes worth $9.2 billion in Square, Inc. (NYSE: SQ), up from 89 the preceding quarter worth $8.8 billion.

Alphabet Inc. (NASDAQ: GOOG), PayPal Holdings, Inc. (NASDAQ: PYPL), and The Walt Disney Company (NYSE: DIS) are some of the stocks on the rise and the best to buy now, in addition to Square, Inc. (NYSE: SQ).

In its Q1 2021 investor letter, RiverPark Funds, an asset management firm, highlighted a few stocks and Square, Inc. (NYSE: SQ) was one of them. Here is what the fund said:

“We established a position in leading Financial Technology provider Square during the quarter. Through one integrated system, SQ is a hybrid of two businesses: its Seller Business (charging small and medium-sized businesses about 3% for transaction payment processing, plus other services such as instant funds access, and software for everything from customer engagement to payroll), and its Cash App (originally for person-to-person cash transfers and now a growing digital financial services provider for consumers).

The combined business has grown gross profit at a 37% CAGR over the past five years to $2.7 billion (due to pass through costs, gross profit is more reflective of top-line growth) and we believe that the company has an enormous long-term runway, as it has less than a 2% share of a more than $160 billion market. It is our view that the company’s Cash App (which has grown

from nothing in 2015 to $1.2 billion gross profit last year) has a particularly large opportunity with its powerful ecosystem of digital financial services including digital wallets, direct deposits, stock trading, bitcoin trading, and business and tax services, which are all relatively new. The vast majority of Cash App’s more than 36 million users are younger and, importantly, are willing to replace their bank and other financial services accounts with the app.

We estimate that the company can grow its gross profit more than 30% and EBITDA more than 50% annually for the foreseeable future, and while most of the company’s current profit is from its Seller Business, we believe most of Square’s future value will be from its Cash App business.”

6. Wells Fargo & Company (NYSE: WFC)

Number of Hedge Fund Holders: 96

Wells Fargo & Company (NYSE: WFC) is ranked sixth on our list of the stocks on the rise and the 15 best to buy now. The company operates from California and markets financial services. On July 27, the firm doubled the quarterly dividend to $0.20 per share from $0.10 per share. The forward yield was 1.77%. In earnings for the second quarter, posted on July 14, the firm reported earnings per share of $1.38, beating market estimates by $0.40. The revenue over the period was $20 billion, up close to 11% year-on-year.

On July 15, investment advisory Barclays kept an Equal Weight rating on Wells Fargo & Company (NYSE: WFC) stock but raised the price target to $50 from $46, increasing the earnings per share estimate for the firm for 2022 to $3.75.

At the end of the first quarter of 2021, 96 hedge funds in the database of Insider Monkey held stakes worth $7.4 billion in Wells Fargo & Company (NYSE: WFC) , down from 99 in the previous quarter worth $8.7 billion.

In its Q4 2020 investor letter, Davis Funds, an asset management firm, highlighted a few stocks and Wells Fargo & Company (NYSE: WFC) was one of them. Here is what the fund said:

“Detractors to performance relative to the index include financial services holdings such as Wells Fargo. While banks in general have suffered due to the recession and experienced credit losses, Wells Fargo also suffered from operational missteps. It is our expectation, however, that our bank holdings in general will benefit from stronger economic growth as the pandemic recedes; and we believe Wells Fargo in particular, will, over time, lower their costs and successfully grow their businesses.”

Click to continue reading and see Stocks On The Rise: 5 Best To Buy Now.

Figure 1-

2021 Drill Holes 296A and 297A

Figure 2-

Newly Discovered Sadowski Gold Zone

Figure 3-

Drill Holes at Extension of Surluga Resource

TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Jubilee Shear Zone and the newly identified Sadowski Gold Zone.

Highlights of the 2021 Drilling Program (Tables 1 and 2, Figure 1)

Intersection of 4.66 g/t gold over 12.24 metres true width (TW) in the Jubilee Shear Zone, including 24.1 g/t gold over 0.68 metres (TW) and 14.68 g/t gold over 1.94 metres (TW), 440 metres down plunge of the boundary of the Surluga resource (SD-21-297A).
Discovery of high-grade gold mineralization in SD-21-297A in the newly identified Sadowski Gold Zone with the intersection of 13.95 g/t gold over 4.48 metres core length (CL) including 29.29 g/t gold over 2.02 metres (CL).
Observation of quartz veins with visible gold in the Jubilee Shear Zone, the Minto Mine Shear Zone and the Sadowski Gold Zone in SD-21-298A (results pending).

“The confirmation of gold mineralization in the Jubilee Shear Zone, indicated across two drill holes (75 metres apart) located 400 meters down plunge of the existing Surluga resource, further validates the Company’s belief that the Jubilee Shear Zone extends to depth and hosts high-grade gold mineralization. The discovery of a previously unknown network of quartz veins intersected in SD-21-296A and SD-21-297A adds credibility that the property continues to benefit from greenfield exploration.

Red Pine now has two active drill rigs on site, concurrently drilling beneath the Surluga deposit to the North and South. The Company plans to test the property’s greenfield targets however promising future drill results in the Jubilee Shear Zone may delay those activities.” – Quentin Yarie, President and CEO.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/263d6ad3-c1d5-4ca9-a724-a829e9fe43f5

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine is currently testing the northern and southern extensions of the Surluga deposit with one drill rig active at each target.

In holes SD-21-296A and SD-21-297A, the Jubilee Shear Zone was successfully intersected approximately 400 metres away from the current boundary of the Surluga Deposit resource. In holes SD-21-296A and SD-21-297A, the assay results indicate that high-grade gold mineralization also extends in the structure 400 metres down-plunge to the current resource boundary. In hole SD-21-297A, the higher-grade core of the structure is made from the overlapping of multiple styles of mineralization that are variably transposed in the Jubilee Shear Zone tectonic fabrics.

In addition, the assay results from holes SD-21-296A and SD-21-297A identified a new near-surface high-grade zone of mineralization named the Sadowski Gold Zone (Figure 2). The Sadowski Gold Zone is formed by a network of quartz veins variably transposed in superimposed shearing. The geometry of the quartz vein network identified in the Sadowski Gold Zone is comparable to the geometry of the network of high-grade quartz veins forming the Mickelson-Sunrise vein system. The trend of the Michelson-Sunrise vein is located 150 metres north of the Sadowski Gold Zone. The identification of two parallel networks of quartz veins hosting high-grade gold mineralization suggests that additional drilling to the south could potentially discover additional networks of quartz veins.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8775232-3146-4c0e-b5de-82752c8f5a6f

Holes SD-21-297A and confirmed the extension of the Minto vein in the Minto Mine Shear Zone 75 metres down-dip to the current boundary of the Minto Mine South Deposit. Visible gold and native bismuth were observed in the Minto vein in SD-21-298A. In SD-21-297A, the Minto vein did not contain significant gold.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program

Hole	From (m)	To (m)	Length (m)*	True Width (m)	Visible Gold	Gold (g/t)	Zone
SD-21-296A	626.61	642.98	15.39	14.47		1.70	Jubilee Shear Zone
	Including
	626.61	629.48	2.87	2.70		4.10
	641.03	642	0.97	0.91		10.21
SD-21-297A	85.9	90.38	4.48			13.95	Sadowski Gold Zone
	Including
	88.36	90.38	2.02			29.29
	671.48	684.87	13.39	12.24		4.66	Jubilee Shear Zone
	Including
	671.48	672.22	0.74	0.68		24.1
	682.75	684.87	2.12	1.94		14.68

*Results in the Sadowski Gold Zone are presented as core length and are estimated to be between 40% and 80% true width. Additional drilling is necessary to constrain the geometry of that zone of mineralization.

Table 2 – Coordinates of the Reported Holes

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth (m)	Status
SD-21-296A	668546	5315425	361	322	-69	687	Completed
SD-21-297A	668546	5315425	361	280	-76.3	726	Completed
SD-21-298A	668546	5315425	361	272	-74	729	Completed

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/18ccd2c2-5942-4c41-9350-c5eed74d03a7

On-Site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, and the Ontario Energy Board. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

VANCOUVER, BC, Aug. 12, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Graphene Manufacturing Group Ltd.

TSX-Venture Symbol: GMG

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:09 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/12/c7535.html

Canasil Nora Silver-Gold Project, Durango. Mexico

Candy Vein Long Section – 2020 and 2021 Drill Intercepts and NRC-21-09 Results

VANCOUVER, British Columbia, Aug. 12, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces results from the first drill hole of the 2021 follow up drill program, NRC-21-09, testing below the 2020 maiden drill intercepts on the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. Drill hole NRC-21-09, targeted the Candy vein structure 60 metres down dip below NRC-20-06, and returned a 32-metre mineralized structure with multiple high-grade gold and silver intercepts with higher gold and silver grades over wider widths than the NRC-20-06 intercepts (announced Dec. 09, 2020).

Highlights include:

1.70 metres (m), true width (TW) 1.53 m with 20.59 g/t gold and 1,290 g/t silver for 2,783 g/t AgEq* from the Candy vein, including;
- 0.70 m (TW 0.63 m) with 43.70 g/t gold and 1,290 g/t silver for 4,458 g/t Ag Eq*.
3.63 m (TW 3.29 m) with 6.44 g/t gold and 884 g/t silver for 1,355 g/t AgEq*, up-hole from the above intercept, referred to as the Candy hanging wall structure, including;
- 2.03 m (1.84 m TW) with 8.45 g/t gold and 1,021 g/t silver for 1,634 g/t AgEq*, and;
- 0.50 m (TW 0.45 m) with 15.6 g/t gold and 561 g/t silver for 1,692 g/t AgEq*.
3.00 m (TW 2.71 m) carrying 2.76 g/t gold and 250 g/t silver for 450 g/t AgEq*, in a lower intercept, referred to as the Candy foot wall structure, including;
- 1.00 m (0.90 m TW) with 6.19 g/t gold and 319 g/t silver for 768 g/t AgEq*.

The five mineralized intercepts, detailed in the table below, are located within an overall 32.03 m (TW 28.92 m) altered structure from 180.97 m to 213.00 m. The high gold and silver grades and relatively low base metal values suggest the upper levels of the system which is open to depth.

Nora Silver-Gold Project, Durango State, Mexico – 2021 Candy Vein Drill Results NRC-21-09
Vein/Structure	From	To	Width	TW	Gold	Silver	Copper	Lead	Zinc	Ag. Eq.*
	Metres	Metres	Metres	Metres	g/t	g/t	%	%	%	g/t
Drill hole NRC-21-09
CANDY HW	180.97	184.60	3.63	3.29	6.44	884	0.03	0.10	0.22	1,355
INCLUDES	180.97	183.00	2.03	1.84	8.45	1,021	0.04	0.12	0.29	1,634
INCLUDES	182.00	183.00	1.00	0.90	9.36	1,100	0.02	0.13	0.24	1,779

CANDY VEIN	190.00	191.00	1.00	0.90	1.65	431	0.00	0.03	0.14	550

CANDY VEIN	194.90	196.60	1.70	1.53	20.59	1,290	0.04	0.12	0.29	2,783
INCLUDES	195.90	196.60	0.70	0.63	43.70	1,290	0.05	0.18	0.38	4,458

CANDY VEIN	206.00	207.00	1.00	0.90	1.89	380	0.01	0.05	0.07	516

CANDY FW	210.00	213.00	3.00	2.71	2.76	250	0.01	0.05	0.11	450
INCLUDES	212.00	213.00	1.00	0.90	6.19	319	0.01	0.04	0.08	768

*Silver Equivalent calculated based on metal prices below and assuming equivalent recoveries for all metals
Au US$ 1,935/Oz, Ag US$ 26.70/Oz, Cu US$2.95/lb, Pb US$ 0.86/lb, Zn US$ 1.09/lb; Pb & Zn less than 1% not included

Canasil President and CEO, Bahman Yamini, commented: “The very high-grade gold and silver values returned from NRC-21-09 within a wide mineralized structure, and the increasing widths and grades with depth below the 2020 drill intercept are extremely encouraging. These initial results confirm continuity of mineralization to depth from the 2020 discovery drill holes on the Candy vein at the Nora project. We are looking forward to results from the three additional drill holes completed on the Candy vein structure targeted below and in between the 2020 drill holes. The widespread silver, gold, base metal and pathfinder minerals geochemical anomalies observed over the Nora project area also suggest potential for larger disseminated silver-gold mineralization, which is being evaluated for additional drill targets.”

A total of four drill holes, NRC-21-09 to NRC-21-12, have been completed for a total of 932 metres, targeted below and in between the 2020 drill holes NRC-20-04 and NRC-20-06 as shown on the Candy vein long section below. The other three drill holes have all intersected the Candy vein structure as projected and a total of 220 assay samples are currently being processed at ALS Labs awaiting results. The 2020 and 2021 drill programs have tested the Candy vein structure over a strike distance of 500 metres and to a depth of 200 metres.

The drill program was implemented by the Company’s exploration team in Mexico under the direction of Eng. Erme Enriquez (CPG). All core samples are logged and prepared at the Company’s core storage facility in Durango, Mexico, and sent to ALS Laboratories in Zacatecas, Mexico, for preparation and then on to ALS Global in Vancouver for gold and silver analyses by fire assay with an atomic absorption finish (“FA-AA”) on a 30 gram split, and for silver, copper, lead, zinc and trace elements by ICP analysis following digestion of 0.50 gram sample in aqua regia. Over limit silver and copper are assayed using an aqua regia digestion, followed by ICP-AES or AAS finish, and over limit gold and silver assayed by gravimetric finish (Au-GRA21 and Ag-GRA-21). The Company's QA/QC program includes inserting certified analytical standards and blanks into the sample batches, and the subsequent diligent monitoring of results for quality analytical assurance.

The technical information herein has been reviewed and approved by Robert Brown (P. Eng.), a Qualified Person as defined by National Instrument 43-101. Mr. Brown is a technical advisor to Canasil.

About Nora Silver-Gold-Copper-Zinc-Lead Project, Durango State, Mexico:

The Nora project is located approximately 200 km north-west of the City of Durango, with good access and infrastructure. The geological setting is a Tertiary-aged volcanic flow-dome complex. Gold-silver mineralization is hosted within two structurally-controlled epithermal veins, Candy and Nora. Mineralization is typical of that found at many mines in the region, with gold and silver associated with galena, sulfosalt minerals and lesser pyrite, sphalerite and chalcopyrite. There is evidence of some historical mining activity on the Candy vein, which is exposed in discontinuous outcrops for over 900 metres. The fault structure hosting the Candy vein has been traced for a distance of over 3 km. Samples of vein outcrop and mineral dumps from the Candy vein returned significant gold, silver, copper, zinc and lead values. The second vein, Nora, is found 600 metres northeast of the Candy vein and can be traced for 230 metres with widths of over 9.0 metres. Surface samples from this vein returned anomalous silver values associated with trace sulphides, with a geochemical signature typical of the higher levels of epithermal vein systems in the region. The 2020 drill program was the first drilling at the Nora project and returned encouraging intercepts with high gold, silver and copper values from the Candy vein.

Historical systematic grid soil sampling over an area of 3 km by 2 km covering the Candy and Nora veins and projected extensions, showed elevated silver, base metal (copper, lead and zinc) and pathfinder (antimony and arsenic) values. The combination of the vein outcrops with large areas of anomalous silver and base metal values in soil samples may indicate additional concealed mineral systems. Other major deposits in the region include SSR Mining’s La Pitarrilla deposit located 50 km east of the Nora project.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com

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 news release.

This news release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

A graphic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c35ae198-767f-469b-aa8e-db0e7a458aa5

CF Industries Holdings, Inc. CF recently announced a memorandum of understanding (MOU) with Mitsui & Co. to jointly explore the development of blue ammonia projects in the United States.

Per the MOU, the companies will carry out various preliminary feasibility studies on blue ammonia production in the United States. The areas of exploration include establishing blue ammonia supply and supply chain infrastructure, transportation and storage of carbon dioxide, expected environmental impacts, and blue ammonia economics and its probable marketing opportunities in Japan and other countries.

CF Industries noted that both companies share the common belief that blue ammonia is a key element in boosting transition to clean energy across the globe and the demand for the clean energy source will grow in the near future. The collaboration will leverage the outstanding expertise of both companies to explore the development of the capacity of blue ammonia and meet the growing demand.

Shares of CF Industries have rallied 38.1% over a year, underperforming the industry’s 55.3% rise.

Image Source: Zacks Investment Research

In the second quarter, the company recorded earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.64 per share. Its net sales of $1,588 million increased 32% from the year-ago quarter, but missed the Zacks Consensus Estimate of $1,718.7 million.

CF Industries expects nitrogen pricing to be positive as higher economic activities, the need to replenish coarse grains stocks globally and increased energy prices in Europe and Asia are expected to sustain a tighter global nitrogen supply and demand balance into 2023. The global demand for nitrogen is also strong, the company noted. It expects strong global demand for coarse grains to contribute to sustained low global stocks into 2022, supporting strong nitrogen demand in the upcoming years. Higher economic activities have also contributed to the rise in industrial consumption of nitrogen products.

CF Industries Holdings, Inc. Price and Consensus

CF Industries Holdings, Inc. price-consensus-chart | CF Industries Holdings, Inc. Quote

Zacks Rank & Stocks to Consider

Currently, CF Industries carries a Zacks Rank #3 (Hold).

Better-ranked stocks in the basic materials space include Intrepid Potash, Inc. IPI, The Mosaic Company MOS and LyondellBasell Industries N.V. LYB, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Intrepid has a projected earnings growth rate of 287.5% for the current year. The company’s shares have shot up 231.9% over a year.

Mosaic has a projected earnings growth rate of 413% for the current year. The company’s shares have risen 96% over a year.

LyondellBasell has an expected earnings growth rate of around 254.6% for the current year. The company’s shares have gained roughly 54% in the past year.

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

CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report

Intrepid Potash, Inc (IPI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

NEW YORK, NY / ACCESSWIRE / August 12, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Ocugen, Inc. (NASDAQ:OCGN)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/ocugen-inc-loss-submission-form?prid=18507&wire=1
Lead Plaintiff Deadline: August 17, 2021
Class Period: February 2, 2021 – June 10, 2021

Allegations against OCGN include that: (i) the information submitted to the U.S. Food and Drug Administration ("FDA") was insufficient to support an Emergency Use Authorization ("EUA"), (ii) Ocugen would not file an EUA with the FDA, (iii) as a result of the foregoing, the Company's financial statements, as well as Defendants' statements about Ocugen's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Kanzhun Limited (NASDAQ:BZ)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/kanzhun-limited-loss-submission-form?prid=18507&wire=1
Lead Plaintiff Deadline: September 10, 2021
Class Period: June 11, 2021 – July 2, 2021

Allegations against BZ include that: (1) Kanzhun would face an imminent cybersecurity review by the Cyberspace Administration of China ("CAC"); (2) the CAC would require Kanzhun to suspend new user registration on its BOSS Zhipin app; (3) Kanzhun needed to "to conduct a comprehensive examination of cybersecurity risks"; (4) Kanzhun needed to "enhance its cybersecurity awareness and technology capabilities"; and (5) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Piedmont Lithium Inc. (NASDAQ:PLL)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18507&wire=1
Lead Plaintiff Deadline: September 21, 2021
Class Period: March 16, 2018 – July 19, 2021

Allegations against PLL include that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

View source version on accesswire.com:
https://www.accesswire.com/659600/SHAREHOLDER-ALERT-OCGN-BZ-PLL-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines

How far off is Resolute Mining Limited (ASX:RSG) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. This will be done using the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward.

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. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

View our latest analysis for Resolute Mining

Step by step through the calculation

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

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars:

10-year free cash flow (FCF) estimate

	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031
Levered FCF ($, Millions)	US$145.3m	US$69.1m	US$37.8m	US$26.1m	US$20.6m	US$17.6m	US$16.0m	US$15.0m	US$14.5m	US$14.2m
Growth Rate Estimate Source	Analyst x2	Analyst x2	Est @ -45.23%	Est @ -31.08%	Est @ -21.18%	Est @ -14.25%	Est @ -9.4%	Est @ -6%	Est @ -3.63%	Est @ -1.96%
Present Value ($, Millions) Discounted @ 8.9%	US$133	US$58.2	US$29.3	US$18.5	US$13.4	US$10.5	US$8.8	US$7.6	US$6.7	US$6.0

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$292m

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (1.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.9%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$14m× (1 + 1.9%) ÷ (8.9%– 1.9%) = US$206m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$206m÷ ( 1 + 8.9%)¹⁰= US$87m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$379m. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of AU$0.5, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

Important assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Resolute Mining 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 8.9%, which is based on a levered beta of 1.487. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Resolute Mining, we've put together three additional factors you should consider:

Risks: To that end, you should be aware of the 1 warning sign we've spotted with Resolute Mining .
Future Earnings: How does RSG'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 Australian stock every day, so if you want to find the intrinsic value of any other stock just search here.

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

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

READING, Pa., Aug. 11, 2021 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of common stock payable on September 24, 2021, to holders of record as of September 10, 2021.

For more information, contact Michael J. Schmidtlein, Chief Financial Officer, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel: 610-236-4040 or by emailing investorrelations@enersys.com; Website: www.enersys.com.

EDITOR'S NOTE: EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business.

More information regarding EnerSys can be found at www.enersys.com.

Caution Concerning Forward-Looking Statements

This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations,” including “Forward-Looking Statements,” set forth in EnerSys’ Quarterly Report on Form 10-Q for the period ended August 11, 2021. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.

EnerSys (ENS) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this maker of industrial batteries would post earnings of $1.28 per share when it actually produced earnings of $1.30, delivering a surprise of 1.56%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

EnerSys, which belongs to the Zacks Manufacturing – Electronics industry, posted revenues of $814.9 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $704.9 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

EnerSys shares have added about 18.5% since the beginning of the year versus the S&P 500's gain of 18.1%.

What's Next for EnerSys?

While EnerSys has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for EnerSys was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.29 on $825.37 million in revenues for the coming quarter and $5.44 on $3.38 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing – Electronics is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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

Enersys (ENS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Vancouver, British Columbia–(Newsfile Corp. – August 11, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) ("Southern Silver") reported today on further assay results from the Mina La Bocona target on the Cerro Las Minitas project, Durango, Mexico. These latest drill results are from the Huizache chimney, an area located approximately 80 metres to the northwest of the La Bocona and Mina Pina shafts along the eastern side of the Cerro and within the larger Mina La Bocona Target area.

The newly released polymetallic sulphide intercepts from the Mina La Bocona target area include:

a 2.1 metre interval (1.4 metre est. TT.) averaging 383g/t Ag, 7.9% Pb and 10.2% Zn (1051g/t AgEq) within a 16.3 metre interval (10.8 metre est. TT.) averaging 102g/t Ag, 1.8% Pb and 1.7% Zn (234g/t AgEq) from drill hole 21CLM-164; and
a 0.7 metre interval (0.6 metre est. TT.) averaging 543g/t Ag, 0.4g/t Au, 12.7% Pb and 1.0% Zn (1011g/t AgEq) within a 1.7 metre interval (1.3 metre est. TT.) averaging 263g/t Ag, 0.2g/t Au, 6.0% Pb and 1.2% Zn (513g/t AgEq) from drill hole 21CLM-167

These current results tested down dip of previously reported shallow oxide intercepts from 21CLM-158 (0.5m of 612g/t AgEq; see NR-12-21) and 21CLM-161 (0.9m of 588g/t AgEq; see NR-12-21) and has now extended the mineralized zone on the northwest flank of the Mina La Bocona target to depths of up to 250 metres below surface and remains partially open to depth.

Drilling also identified a semi-massive to massive lens of sphalerite-rich mineralization an additional 100 metres to the northwest of the Mina La Bocona target along the eastern side of the Cerro that also remains open to depth. Assays returned:

a 0.8 metre interval (0 .7 metre est. TT.) averaging 14g/t Ag, 0.4% Cu and 21.0% Zn (844g/t AgEq) within a 2.8 metre interval (2.5 metre est. TT.) averaging 7g/t Ag, 0.4% Cu, and 10.6% Zn (443g/t AgEq) from drill hole 21CLM-170

Exploration on the property continues with one drill. One hole remains to be tested on the east side of the Cerro as part of the current drill program which will then transition to "greenfields" targeting on the El Sol claim over the coming weeks. The El Sol concession, is located 2km to the northwest of the Mina La Bocona target area and covers the northerly projection of previously identified mineralization in the Blind Zone deposits and a second area of artisanal workings. The concession was re-acquired and prospected by Southern in 2020 and returned anomalous values from several strongly oxidized and silicified rocks including a dump sample CLM-316 which assayed 0.67g/t Au, 559g/t Ag, 3.3% Pb and 4.3% Zn.

The current drill program has now completed 56 core holes totaling 22,360 metres since drilling recommenced in September 2020. Assay results from five drill holes are pending and are anticipated over the coming weeks.

Southern Silver has now tested over 850 metres of strike length along the east side of the Cerro to depths of up to 500 metres, primarily in the South Skarn and Mina La Bocona target areas. Three bonanza grade mineralized zones have been identified as well as shallow intercepts of high-grade mineralization to the northwest of the Bocona target, results of which will be incorporated into an upcoming mineral resource update on the project.

The CLM Project remains one of the largest undeveloped silver-lead-zinc projects in the World and is wholly owned, unburdened by royalties, fully financed and fully permitted.

Figure 1: Plan Map of the Area of the Cerro showing the distribution of the CLM deposits and the location for new drill targeting, at the Mina La Bocona, South Skarn and Las Victorias targets.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5344/92765_79016e0504432a8f_002full.jpg

Cerro Las Minitas Project

The Cerro Las Minitas project is an advanced exploration stage polymetallic Ag-Pb-Zn-Cu Skarn/CRD project located in southern Durango, Mexico.

The Cerro Las Minitas project as of May 9^th, 2019 contains a Mineral Resource Estimate, at a 175g/t AgEq cut-off, of⁽¹⁾

Indicated – 134Moz AgEq: 37.5Moz Ag, 40Mlb Cu, 303Mlb Pb and 897Mlb Zn
Inferred – 138Moz AgEq: 45.7Moz Ag, 76Mlb Cu, 253Mlb Pb and 796Mlb Zn

A total of 150 drill holes for 67,375metres has been completed on the CLM Project as of the end of 2020 with exploration expenditures of approximately US$27.0 million equating to exploration discovery costs of approximately C$0.09 per AgEq ounce.

Table 1: Select Assay Intervals from Mina La Bocona and South Skarn targets:

Hole #	From (m)	To (m)	Interval (m)	Est. Tr. Thck. (m)	Ag (g/t)	Au (g/t)	Cu (%)	Pb (%)	Zn (%)	AgEq (g/t)	ZnEq (%)	Notes
New Huizache Assay Results
21CLM-162	128.7	129.9	1.2	0.9	139	0.2	0.0	3.2	0.4	273	6.9
and	154.5	156.4	1.9	1.5	602	0.1	2.0	0.7	0.3	864	21.9
and	210.6	211.7	1.1	0.9	75	0.1	0.1	3.5	0.5	215	5.4
21CLM-164	285.1	286.5	1.3	0.9	414	0.1	0.2	8.2	3.6	830	21.1
and	293.7	309.9	16.3	10.8	102	0.0	0.1	1.8	1.7	234	5.9
inc.	297.5	299.7	2.1	1.4	383	0.1	0.1	7.9	10.2	1051	26.7
21CLM-165	143.0	143.7	0.7	0.4	149	0.2	0.0	3.9	2.9	406	10.3	Hole lost before target
21CLM-166	279.2	280.4	1.2	0.8	96	0.1	0.1	1.1	0.2	157	4.0
21CLM-167	239.4	241.0	1.7	1.3	263	0.2	0.0	6.0	1.2	513	13.0
inc.	240.3	241.0	0.7	0.6	543	0.4	0.0	12.7	1.0	1011	25.6
Bocona Extension Assay Results
21CLM-168	326.5	330.9	4.4	3.7	69	0.0	0.1	0.7	0.2	112	2.8
inc.	329.8	330.9	1.1	1.0	173	0.0	0.1	0.5	0.2	209	5.3
21CLM-170	328.7	331.4	2.8	2.5	7	0.0	0.1	0.0	10.6	443	11.2
inc.	329.9	330.7	0.8	0.7	14	0.0	0.4	0.0	21.0	884	22.4

Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP analysis, High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits assayed by titration. AgEq and ZnEq were calculated using average metal prices of: US$20/oz silver, US$1650/oz gold, US$3.25/lbs copper and US$0.9/lbs lead and US$1.15/lbs zinc. AgEq and ZnEq calculations did not account for relative metallurgical recoveries of the metals. Ore-grade composites are calculated using a 80g/t AgEq cut-off in sulphide and 0.5g/t AuEq in the oxide gold zone Composites have <20% internal dilution, except where noted; anomalous intercepts are calculated using a 10g/t AgEq cut-off.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions.

The Company property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA, which includes patented land, State leases and BLM mineral claims totalling 22.3 sq. km. Targeting has been finalized and bonding pending for a 4,000m drill program, designed to test several copper-molybdenum porphyry and copper-gold skarn targets within a broad quartz-sericite-pyrite alteration zone, interpreted to overlie an unexposed porphyry centre. Drilling is expected to commence in Q4, 2021.

The 2019 Cerro Las Minitas Resource Estimate was prepared following CIM definitions for classification of Mineral Resources. Resources are constrained using mainly geological constraints and approximate 10g/t AgEq grade shells. The block models are comprised of an array of blocks measuring 10m x 2m x 10m, with grades for Au, Ag, Cu, Pb, Zn values interpolated using ID3 weighting. Silver and zinc equivalent values were subsequently calculated from the interpolated block grades. The model is identified at a 175g/t AgEq cut-off, with an indicated resource of 11,102,000 tonnes averaging 105g/t Ag, 0.10g/t Au, 1.2% Pb, 3.7% Zn and 0.16% Cu and an inferred resource of 12,844,000 tonnes averaging 111g/t Ag, 0.07g/t Au, 0.9% Pb, 2.8% Zn and 0.27% Cu. AgEq cut-off values were calculated using average long-term prices of $16.6/oz. silver, $1,275/oz. gold, $2.75/lb. copper, $1.0/lb. lead and $1.25/lb. zinc. Metal recoveries for the Blind, El Sol and Las Victorias deposits of 91% silver, 25% gold, 92% lead, 82% zinc and 80% copper and for the Skarn Front deposit of 85% silver, 18% gold, 89% lead, 92% zinc and 84% copper were used to define the cut-off grades. Base case cut-off grade assumed $75/tonne operating, smelting and sustaining costs. All prices are stated in $USD. Silver Equivalents were calculated from the interpolated block values using relative recoveries and prices between the component metals and silver to determine a final AgEq value. The same methodology was used to calculate the ZnEq value. Mineral resources are not mineral reserves until they have demonstrated economic viability. Mineral resource estimates do not account for a resource's mineability, selectivity, mining loss, or dilution. The current Resource Estimate was prepared by Garth Kirkham, P.Geo. of Kirkham Geosciences Ltd. who is the Independent Qualified Person responsible for presentation and review of the Mineral Resource Estimate. All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.

Robert Macdonald, MSc. P.Geo, is a Qualified Person as defined by National Instrument 43-101 and supervised directly the collection of the data from the CLM Project that is reported in this disclosure and is responsible for the presentation of the technical information in this disclosure.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, Q.C.

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at https://www.southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92765

Halifax, Nova Scotia–(Newsfile Corp. – August 11, 2021) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has recently joined the National Mining Association ("NMA") as the Company prepares to construct the Alaska Strategic Metals Complex ("Alaska SMC") rare earth element ("REE") processing facility by the end of 2023 and seeks to accelerate the long-term development of the Bokan-Dotson Ridge Rare Earth Element Project ("Bokan" or "Bokan Project").

Since 1995, the NMA has been the clear, strong voice in Washington, D.C., for U.S. mining, representing its more than 250 corporate and organization members before Congress, the administration, federal agencies, the judiciary and the media. The NMA works to engage in and influence the public process on the most significant and timely issues that impact mining's ability to safely and sustainably locate, permit, mine, transport and utilize the nation's vast resources. Ucore's membership in the NMA timely coincides with the Biden Administration's continued efforts to strengthen the domestic supply chain by positioning America to drive the electric vehicle future forward, outcompete China, and tackle the climate crisis.

Rich Nolan, President and CEO of the National Mining Association stated: "For far too long the U.S. sat on the sidelines while China strategically built out production and processing capabilities that have resulted in almost total dominance of the rare earth supply chain. Ucore's vision and plan show that need not be the case. With near-term plans for processing and production in Alaska in parallel to the long-term development of the Bokan Project, Ucore is a prime example of a company that can help ensure that 'made in America' also includes 'processed in America,' where we know projects will utilize our vast resources under world-leading environmental and labor standards. We are proud to have such an innovative and visionary company join our membership."

On August 5, 2021, President Biden signed an Executive Order on Strengthening American Leadership in Clean Cars and Trucks. This executive order sets a goal that 50 percent of all new passenger cars and light trucks sold in 2030 be zero-emission vehicles, including battery electric, plug-in hybrid electric, or fuel cell electric vehicles. It also directs federal agencies to find ways to accelerate innovation and manufacturing in the automotive sector, to strengthen the domestic supply chain and kicks off the long-term fuel efficiency and emissions standards to save consumers money, cut pollution and grow North American jobs, pay and benefits.

"Ucore's membership in the National Mining Association, its growing relationships with North American original equipment manufacturers and US-allied resource suppliers affords us a unique opportunity to solidify our efforts to strengthen the REE supply chain in the United States," stated Ucore Vice-President & COO, Mike Schrider, P.E. "Critical mineral processing is the first step to establishing an independent rare earth supply chain in North America, and the Alaska SMC rare earth oxide production facility will be an integral component of the United States' domestic vehicle supply chain for the critical metals required to shift the landscape with electrical vehicles."

# # #

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with potential for production, growth, and scalability. Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare-Earth Element Project in Southeast Alaska, USA. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this vision includes disrupting the People's Republic of China's ("PRC") dominance of the US REE supply chain through the development of a heavy rare-earth processing facility – the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore's heavy rare-earth element mineral resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX^® Best Market under the ticker symbol "UURAF".

For further information, please visit www.ucore.com.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements" regarding, among other things, the Company's ALASKA2023 Business Plan as well as the upcoming prospective financing activities involving the Company and AIDEA. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events, or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results and actual results or developments may differ materially from those in forward-looking statements. In regard to the disclosure in the "About Ucore Rare Metals Inc." section above, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to IMC, as suppliers for Ucore's expected future Alaska Strategic Metals Complex ("Alaska SMC"). Ucore has also assumed that sufficient external funding will be found to prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Elements project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be secured to develop the specific engineering plans for the Alaska SMC and its construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: Innovation Metals Corp. ("IMC") failing to protect its intellectual property rights in RapidSX™; RapidSX failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC and/or the continued development of RapidSX; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

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

CONTACT

Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
+1 902 482 5214
mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92795

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in BHP Group's (ASX:BHP) instance, it's good news for shareholders.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for BHP Group

BHP Group Insider Transactions Over The Last Year

The Independent Non-Executive Director Xiaoqun Clever made the biggest insider purchase in the last 12 months. That single transaction was for AU$68k worth of shares at a price of AU$34.05 each. Even though the purchase was made at a significantly lower price than the recent price (AU$52.52), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid AU$70k for 2.04k shares. But insiders sold 16.00 shares worth AU$820. Overall, BHP Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

BHP Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Have BHP Group Insiders Traded Recently?

There was only a small bit of insider buying, worth AU$2.1k, in the last three months. Overall, we don't think these recent trades are particularly informative, one way or the other.

Does BHP Group Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.03% of BHP Group shares, worth about AU$77m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About BHP Group Insiders?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think BHP Group insiders are doubting the company, and they do own shares. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that BHP Group has 2 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

Of course BHP Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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

VANCOUVER, BC / ACCESSWIRE / August 11, 2021 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM)(FSE:FIRA)(OTCQX:PMMCF) is pleased to announce that further to the news release of July 28, 2021, where the Company announced Austral Gold Ltd. ("Austral") (TSX-V:AGLD)(ASX:AGD), a company with a producing gold mine complex in Chile, signed an option to acquire up to an 80% joint venture interest in two of Pampa Metals' projects, Austral has initiated exploration activities at the Morros Blancos project. In addition, the closing conditions pursuant to the Option Agreement between the Company and Austral have been met.

Julian Bavin, CEO of Pampa Metals, commented: "We are pleased to see the initiation of exploration activities at our Morros Blancos project, one of two projects recently optioned by Austral. Austral brings great expertise in gold and silver exploration and is currently operating the active Amancaya gold-silver mine located immediately to the west of Morros Blancos in adjacent mineral concessions. We look forward to seeing Austral's exploration program develop."

Austral was recently granted an option to acquire up to an 80% joint venture interest in stages in Pampa Metals' Morros Blancos and Cerro Blanco properties in exchange for certain cash payments, exploration expenditures and the return to treasury of 2,963,132 shares of Pampa Metals held by Austral's wholly owned subsidiary, Revelo Resources Corp. In addition, Austral is required to complete a bankable feasibility study to earn the 80% interest in either or both properties. If the studies indicate that copper is the most valuable commodity instead of gold and silver, the Company can earn back an 80% interest under the same terms and conditions as those for Austral.

About Morros Blancos
The Morros Blancos (7,300 Ha) project is prospective for high-sulphidation epithermal gold-silver (+/- copper) and porphyry copper (+/- gold +/-moly) deposits and is located in the heart of the Paleocene Mineral Belt in northern Chile. The Paleocene Belt is host to important gold-silver and copper deposits and mines, and the project is located along a prolific segment of the prospective belt, along trend from important precious metals mines and projects, and adjacent and immediately east of Austral's Amancaya gold-silver mine. Access to the project is easy, being located less than 30 Km from the Pan American Highway, and altitudes are moderate. The project lies within potential operational distance of Austral's Guanaco processing plant, allowing for more flexible and potentially cheaper development and operation.

Technical information in this news release has been approved by Mario Orrego G., geologist and a registered member of the Chilean Mining Commission and a qualified person as defined by National Instrument 43-101. Mr. Orrego is a consultant to the company.

ABOUT PAMPA METALSPampa Metals is a Canadian company listed on the Canadian Stock Exchange (CSE: PM) as well as the Frankfurt (FSE: FIRA) and OTC (OTCQX: PMMCF) exchanges. Pampa Metals owns a highly prospective 59,000-hectare portfolio of eight projects for copper and gold located along proven mineral belts in Chile, one of the world's top mining jurisdictions. The Company has a vision to create value for shareholders and all other stakeholders by making a major copper discovery along the prime mineral belts of Chile, using the best geological and technological methods. For more information, please visit Pampa Metals' website www.pampametals.com .

ON BEHALF OF THE BOARD
Julian Bavin | Chief Executive Officer

INVESTOR CONTACT
Ioannis (Yannis) Tsitos | Director
investors@pampametals.com
www.pampametals.com

Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Reference to existing or historic mines and projects, and the overall prospectivity of Chile, is for reference purposes only. The reader is cautioned that there is no evidence to date that comparable mineral resources could be found on Pampa Metals' properties.

FORWARD-LOOKING STATEMENTS
This news release contains certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical fact, that address events or developments that Pampa Metals expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential', 'indicate' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although Pampa Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance and actual results may differ materially from those in forward-looking statements.

SOURCE: Pampa Metals Corp.

View source version on accesswire.com:
https://www.accesswire.com/659257/Pampa-Metals-Partner–Chilean-Gold-Producer-Austral-Gold-Begins-Exploration-at-Pampa-Metals-Morros-Blancos-Project

Vancouver, British Columbia–(Newsfile Corp. – August 11, 2021) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is delighted to announce results from four additional diamond drill holes in the Southern Gold Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC. The Southern Gold Zone is an intrusion disseminated hosted gold zone discovered during the Company's 2020 field program (See NR July 7, 2020) and first drilled during April 2021 (See News Release May 27, 2021).

Table 1. Significant gold results in diamond drill holes collared in the Southern Gold Zone

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)
DDH 48	139.5	152.23	12.73	0.18
and	172.00	174.00	2	0.82

DDH 49	19.00	84.12	65.12	0.60
Including	28.76	54.45	25.69	0.95

DDH 50	11.28	105.48	94.20	0.86
Including	38.3	56.90	18.6	1.73
Including	72.35	97.20	24.85	1.05

DDH49 and DDH50 were collared 52 m and 46 m to the east and west, respectively, from the DDH46 and 47 section on the same fence as DDH47. Holes were oriented -50 at 160 azimuth similar to DDH46 and DDH47 (see Figure). Both holes intersected significant gold mineralization to the bottom of the holes and both warrant deepening below 84.12 m in DDH49 and 104.48 m in DDH50. DDH48 was collared 72 m to the northwest located on section DDH48-47 and intersected 0.18 g/t Au between 141 to152 m and 0.85 g/t gold (g/t Au) between 172 to 174 m. The results indicate a close proximity to deeper portions to the Southern Gold mineralization. DDH51 was collared 28 m north-northwest of DDH48, and was stopped at 108.5 m due to the fire ban and did not intersect any elevated gold results. For a detailed description of the geology and alteration of the Southern Gold Zone please refer to the Sego Resources Inc. May 27^th News Release.

Recent tests of drill core from DDH46 and DDH47 indicate fine-grained moderate to strong amounts of K-feldspar in many of the mineralized sections are associated with <1 to 2% disseminated pyrite. Elsewhere chlorite-sericite assemblages contain similar pyrite contents and gold mineralization and both assemblages alter mainly intrusions. This relatively new type of bulk mineable target has few other indicators to guide explorers and is a challenge to shut down drill holes.

Future exploration will include drill testing to the east and west trend of the Southern Gold Zone and the region deep below the current mineralized zone trend. The magnetic high anomaly below overburden that extends south of the Southern Gold Zone would be evaluated as the programs progress.

BENCH SCALE METALLURGICAL TESTING RECOVERS 95.8% OF THE GOLD FROM THE SOUTHERN GOLD ZONE

An initial bench scale 32.9 kg representative sample from DDH46 and DDH47 core (April drill program) was submitted to Met-Solve Laboratories Inc. to investigate recovery gravity and leaching CN tests. The work concluded 9.8% of the gold reports to gravity concentration and 59.3% recovered in 1 hour and 72.6 % after 3 hours using a cyanide leaching process. An impressive 95.8% of the gold recovered test the composite sample with little further testing. The entire "Sego Resources Inc. Metallurgical Testwork Report" can be found at www.segoresources.com

CEO J. Paul Stevenson comments, "The July program drill results continued to extend the strike length of the Southern Gold Zone to add the potential of bulk tonnage gold mineralization. The Southern Gold Zone is most likely a distal expression of blind porphyry copper-gold mineralization within a larger porphyry copper-gold system at the Miner Mountain Project. Our next drill program will include deeper drilling of the holes that were terminated in mineralization, and expand the mineralized zone to the east and west. The remarkable bench scale metallurgical testwork indicates the potential for a very low cost bulk mineable gold producer."

maps are available in news release at www.segoresources.com

Figure 1- Plan View of Drilling To Date

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1056/92823_0dee0677c42ed86e_002full.jpg

Quality Assurance / Quality Control

Drill core was shipped to MSALABS in Langley, BC for sample preparation and analysis. MSALABS is ISO/IEC 17025 and ISO 9001 certified. Samples were analyzed using an aqua regia digestion with an ICP finish.

Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.

This news release was reviewed and approved by Ron Britten, Ph.D., P.Eng., a Qualified Person under NI 43-101.

About the Project:

Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The Miner Mountain Project combines alkalic porphyry copper-gold mineralization in the Cuba and other zones and the unusual gold mineralization in the Southern Gold Zone which may be distal to an alkalic copper-gold porphyry. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of Excellence for its reclamation work at Miner Mountain.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933
ceo@segoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92823

(Bloomberg) — BHP Group, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group.

A proposal tabled on behalf of about 100 small investors by Market Forces, which coordinates groups of shareholders on climate issues, calls on the company to wind down production in line with international targets to cut greenhouse gas emissions, and to focus on helping communities to find alternative jobs.

“By providing a leading example of responsibly managing down fossil fuel assets, BHP can preserve and realize the genuine value that exists in these assets, align with global climate goals, and support its workers in the transition to a decarbonized economy,” the group said in a statement. Market Forces and the BHP investors have tabled resolutions to be considered at the company’s annual meeting in Australia later this year.

BHP’s board will set out a response ahead of the meeting, the company said in a statement Wednesday. The investors hold less than 0.01% of BHP’s Australia-listed entity and about 0.006% of the combined group, which includes the miner’s London-traded shares, according to the statement.

BHP is considering an exit from the oil and gas sector and reviewing options including a trade sale, people familiar with the matter said last month. The producer in June agreed to sell its one-third share in a Colombian coal mine and is also progressing plans to offload a thermal coal operation and some metallurgical coal assets in Australia.

Activists who previously had urged the biggest miners and oil majors to rid their portfolios of fossil fuels operations are increasingly changing approach, in recognition that assets are often sold to smaller producers or government-backed firms that operate with far less transparency and typically seek to boost volumes.

While shareholder resolutions seldom win large support, they’re among tools being used by small campaign groups to pressure companies. Lawsuits have been effective too, with Royal Dutch Shell Plc ordered to slash emissions faster than planned in a recent ruling and Australia’s government instructed to consider climate change in mine approvals.

“There’s an increasingly deep and sophisticated understanding of the steps big companies and their investors need to take to play their part in bringing down emissions,” said Will van de Pol, a campaigner at Australia-based Market Forces. “Companies and investors can no longer get away with green-washing and shirking their responsibilities.”

Read more: BP Cleans Image With Oil Asset Sales While Emissions Stay Behind

BP Plc is among firms that have faced criticism for pursuing divestment deals that will help the company meet its own net-zero goals, though likely won’t result in lower emissions from the assets that have been sold.

“While divestment addresses stranded asset risk exposure, it fails to manage the reputational risk associated with avoiding responsibility for employee transition support and site rehabilitation,” Market Forces said in its statement.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

Here are four stocks with buy rank and strong value characteristics for investors to consider today, August 11th:

Atlas Air Worldwide Holdings, Inc. AAWW: This provider of outsourced aircraft and aviation operating services has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 23.5% over the last 60 days.

Atlas Air Worldwide Holdings Price and Consensus

Atlas Air Worldwide Holdings price-consensus-chart | Atlas Air Worldwide Holdings Quote

Atlas Air has a price-to-earnings ratio (P/E) of 4.79, compared with 17.40 for the industry. The company possesses a Value Score of A.

Atlas Air Worldwide Holdings PE Ratio (TTM)

Atlas Air Worldwide Holdings pe-ratio-ttm | Atlas Air Worldwide Holdings Quote

Citizens Community Bancorp, Inc. CZWI: This provider of various traditional community banking services has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 15.1% over the last 60 days.

Citizens Community Bancorp, Inc. Price and Consensus

Citizens Community Bancorp, Inc. price-consensus-chart | Citizens Community Bancorp, Inc. Quote

Citizens Community Bancorp has a price-to-earnings ratio (P/E) of 7.60, compared with 13.40 for the industry. The company possesses a Value Score of A.

Citizens Community Bancorp, Inc. PE Ratio (TTM)

Citizens Community Bancorp, Inc. pe-ratio-ttm | Citizens Community Bancorp, Inc. Quote

Chemung Financial Corporation CHMG: This provides of a range of banking, financing, fiduciary, and other financial services has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 3.8% over the last 60 days.

Chemung Financial Corp Price and Consensus

Chemung Financial Corp price-consensus-chart | Chemung Financial Corp Quote

Chemung Financial has a price-to-earnings ratio (P/E) of 9.10, compared with 11.60 for the industry. The company possesses a Value Score of B.

Chemung Financial Corp PE Ratio (TTM)

Chemung Financial Corp pe-ratio-ttm | Chemung Financial Corp Quote

Vale S.A. VALE: This producer and seller of iron ore and iron ore pellets has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 10.6% over the last 60 days.

Vale S.A. Price and Consensus

Vale S.A. price-consensus-chart | Vale S.A. Quote

Vale has a price-to-earnings ratio (P/E) of 3.57, compared with 5.40 for the industry. The company possesses a Value Score of A.

Vale S.A. PE Ratio (TTM)

Vale S.A. pe-ratio-ttm | Vale S.A. Quote

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

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

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

Atlas Air Worldwide Holdings (AAWW) : Free Stock Analysis Report

Citizens Community Bancorp, Inc. (CZWI) : Free Stock Analysis Report

Chemung Financial Corp (CHMG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

VANCOUVER, BC, Aug. 10, 2021 /CNW/ – Karim Mohamedani (the "Acquiror") of 5821 Pioneer Avenue, Burnaby, British Columbia V5H 2X8 has acquired 1,500,000 common shares in the capital of Dynasty Gold Corp. (the "Issuer") of 1613 – 610 Granville Street, Vancouver British Columbia V6C 3T3 on August 6, 2021. The 1,500,000 common shares that are the subject of this report were purchased through the exercise of warrants at a price of $0.10 each for total consideration of $150,000.

The transaction that triggered the requirement to file this report took place on the TSX Venture Exchange.

There are no joint actors.

The 1,500,000 common shares, represent 4.67% of the Issuer's current issued and outstanding Common Shares. Prior to the transaction that is the subject of this report, the Acquiror held 2,693,625 common shares in the capital of the Issuer, representing in aggregate 8.38% of the issued and outstanding common shares of the Issuer and a further 100,000 share purchase warrants to acquire common shares of the Issuer. The Acquiror now exercises control or direction over an aggregate of 4,193,625 common shares of the Issuer, representing 13.04% of the issued and outstanding common shares of the Issuer, and warrants to acquire 100,000 common shares of the Issuer, representing approximately 0.31% of the issued and outstanding shares of the Issuer, on a partially diluted basis.

The Acquiror will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer, at the discretion of the Acquiror, as circumstances warrant. As of the date of this report, the Acquiror has no immediate future intention to acquire additional securities of the Issuer or to dispose of securities of the Issuer that he beneficially owns or over which he exercises control or direction.

SOURCE Dynasty Gold Corp.

Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/10/c2316.html

VANCOUVER, British Columbia, Aug. 11, 2021 (GLOBE NEWSWIRE) — Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce that it has initiated a reconnaissance and field work program at its 100% owned Forrest Kerr Project in BC’s Golden Triangle. The 2021 program will consist of additional mapping and sampling in specifically identified areas of the property that have had limited coverage to date and in areas of interest as the property’s extensive data base dictates. This program is designed to generate additional drill targets and to further the understanding of the geologic processes that have taken place and are the cause of the gold emplacement in the North and South Boundary Valley of the Forrest Kerr Property.

The areas of interest this year will be to the North and South of the Boundary zones. Minimal exploration has been conducted in the 3.5km-long Boundary-Marcasite corridor to the north of the North Boundary High-grade Zone despite the presence of high-grade precious metal values on surface. And to the south, very limited surface work has been conducted south of the South Boundary mineralized corridor, although discovery potential is high as this area overlies the regional-scale Forrest Kerr Fault Zone and other associated structures.

Flow-Through Financing

Further, the Company has closed a non-brokered private placement financing for total gross proceeds of CAD $175,000 (the “Placement”).

The Company has allotted and issued 2,500,000 flow-through units (the “FT Units”) at a price of CAD $0.07 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half of one transferable warrant. Each whole warrant will entitle the holder to purchase one non-flow through common share for a period of two (2) years at a price of CAD $0.10 per share.

The Company intends to use the proceeds from the Placement towards exploration on its Forrest Kerr Gold Project, British Columbia. All securities issued under the Placement will be subject to a four-month and one-day hold period expiring December 12, 2021. The Placement remains subject to the final approval of the TSX Venture Exchange.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company.

Forrest Kerr Gold Project, Golden Triangle, BC claims map:
https://abenresources.com/site/assets/files/4087/abn_forrest_kerr_project_map.pdf

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”
______________________
JAMES G. PETTIT
President & CEO

For further information contact:
Aben Resources Ltd.
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

NEW YORK, NY / ACCESSWIRE / August 11, 2021 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

360 DigiTech, Inc. (NASDAQ:QFIN)

Investors Affected: April 29, 2021 – July 7, 2021

A class action has commenced on behalf of certain shareholders in 360 DigiTech, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had been collecting personal information in violation of relevant People's Republic of China laws and regulations; (ii) accordingly, 360 DigiTech was exposed to an increased risk of regulatory scrutiny and/or enforcement action; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/360-digitech-inc-loss-submission-form/?id=18453&from=1

Piedmont Lithium Inc. (NASDAQ:PLL)

Investors Affected: March 16, 2018 – July 19, 2021

A class action has commenced on behalf of certain shareholders in Piedmont Lithium Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have "strong local government support"; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18453&from=1

Concho Resources Inc. (NYSE:CXO)

Investors Affected: February 21, 2018 – July 31, 2019

A class action has commenced on behalf of certain shareholders in Concho Resources Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the well spacing at Dominator was aggressive and highly risky, and premised on no reasonable basis to believe it would work as intended; (2) Concho's practice of implementing tighter well spacing was not relegated to a handful of "tests" and therefore more widespread than the market was led to believe; (3) it was known or recklessly disregarded that any measures to mitigate well spacing risks were non-existent and or/impossible; (4) these risks had manifested during the Class Period, causing underground well interference and permanently decreasing production, forcing the Company to scale back production targets and adopt more conservative spacing measures in its other projects; (5) it would take multiple quarters to unwind the impacts of the widespread well spacing failure; and (6) as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/concho-resources-inc-loss-submission-form/?id=18453&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

View source version on accesswire.com:
https://www.accesswire.com/659370/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-QFIN-PLL-and-CXO

Asset bubbles may now be too big to burst, creating a situation that Central Banks around the world might be unable to control. If it all comes crashing down, we think there’s only one place to be …

Gold.

The precious metal could rise as high as $3,000 to $5,000 per ounce in the next 3-5 years.

That’s according to the same fund manager who predicted the 2016 gold rally.

As cited by Bloomberg, Diego Parrilla, manager of the $250-million Quadriga Igneo fund that called the last gold rally, massive long-term damage has been caused by wildly loose monetary and fiscal policies, and everyone is underestimating the huge risk as central banks unwind stimulus, with assets soaring amid artificially low interest rates.

“Central bank money printing isn’t really solving problems, it’s delaying the problem," Parrilla told Bloomberg. “Gold will benefit purely from being a physical asset that you cannot print."

But the rally may start even sooner …

Goldman Sachs is expecting gold prices to break out of their tight trading range this year, with inflation worries stoking demand. Goldman has a $2,300 price target on gold. That’s a 22% rally from current levels.

That’s what is said to happen when you print money like mad. Stocks and assets rise dramatically … but without any link to true fundamentals.

They may get a painful reality check. And we think gold will emerge as the big winner.

If that all comes crashing down, a junior mining stock like Starr Peak Mining Ltd. (TSX:STE.V; OTC:STRPF), which has recently doubled its drilling program amid a potential gold rush in Quebec after it found indications of gold–and more.

Gold+ … A Basket of Base Metals Make This One Even More Attractive

In this atmosphere, it’s hard to imagine much that is better than gold. But there may be something: It’s a Volcanogenic Massive Sulphide, or VMS, deposit–a basket of precious and base metals–many of which are part of today’s major commodities surge.

Zinc is priced near multiple-year highs, despite Chinese attempts to cool the situation down …

Silver prices are set to rally–again …

Copper prices have been on a run, with record highs, with only a recent China slowdown managing to pump the brakes a bit.

And of course, gold.

Add all of this up and it’s clear why VMS deposits could make a junior mining company even more valuable. They aren’t just wonderfully diverse, but they also give miners long-term production potential.

And they are exactly what the major miners are looking for, but rarely find.

Why? If you take Australia’s Kidd Mine–a famous VMS deposit–and look at those numbers, it becomes clear why these are the number one plays in the discovery path: Since 1966, the Kidd Mine has produced 9 million tons of zinc, over 3.4 million tons of copper, and 12,000 tons of silver.

That’s $27 billion in zinc at today’s prices, $32 billion in copper and $6.6 billion in silver.

Source: Mining.com

So, not only is Quebec one of the most promising venues in the world for potential VMS deposits (not to mention gold, alone) …

But Starr Peak (TSX:STE.V; OTC:STRPF) has discovered an indication of just that. And the company reports it only took two 2 drills to find it.

Maiden Drills Surprised Investors

Starr Peak is an early stage exploration play. Some investors were fairly confident going into this one because they had been watching Amex Exploration, which made a high-grade gold discovery in 2019, right next to the past-producing Normetal Mine.

Now, the Normetal Mine has historically produced ~10.1 million tonnes of 2.15% copper, 5.12% zinc, 0.549g/t of gold and 45.25 g/t of silver.

So, when Starr Peak stepped in and acquired the land adjacent to Amex’s … and then bought the Normetal Mine itself (along with a string of other acquisitions), it started to attract attention–not the least from some Amex founders and shareholders themselves, who may have jumped on board for a hoped-for repeat success.

Starr Peak started drilling in January this year at its NewMetal property.

In March, it released its first results, showing large intervals of high-grade sulfide mineralization.

In May, they raised the stakes significantly, with drilling results indicating a potential VMS deposit, with rock containing multiple base metals, including zinc, copper, silver, and gold.

Then, in July, the best, highest-grade results yet, intersecting mineralization in every single hole:

Upper Zone (above 400m vertically)

o STE-21-09: 8.30 m of 10.09 % ZnEq including 2.70 m of 24.44 % ZnEq

o STE-21-17: 11.00 m of 9.01 % ZnEq including 3.00 m of 16.56 % ZnEq

o STE-21-27: 20.55 m of 7.04 % ZnEq including 5.10 m of 11.09 % ZnEq

o STE-21-29: 15.55 m of 9.94 % ZnEq including 10.10 m of 13.16 % ZnEq

Deep Zone (below 400m vertically)

o STE-21-14: 6.65 m of 18.07 % ZnEq which includes 1.05% Cu

o STE-21-21: 8.70 m of 8.82 % ZnEq including 2.15 m of 13.38 % ZnEq

And Now, Starr Peak Is Doubling DownAfter intersecting high-grade gold, silver, copper, and zinc on its first two drills at the past-producing mine it acquired earlier this year, the company looks to be fast-tracking expansion.

In May, it expanded drilling from 5,000 meters to 20,000 meters. In late July, when it announced its highest-grade result to date, Starr Peak said it would double drilling, to 40,000 meters.

When a company expands its drilling campaign to this effect, it tells us a lot about their level of confidence; and in this case, the VMS indications so far may be reason enough.

VMS deposits occur along tectonic plate boundaries, and finding one of these deposits puts Starr Peak in a position to become rich in metals that will continue to increase in value over time.

The most promising fact that comes from all of this is that as of July 2021, Starr Peaks has a 98% hit rate on its drill targets.

Recap: Results, Results, Results

Starr Peak (TSX:STE.V; OTC:STRPF) has proved to be clever with its decision to purchase the land adjacent to where Amex Exploration made their huge discovery. So far they have made some promising findings and based on their investments and efforts, they are quite confident with what they hope to continue to find. Starr Peak could prove to be a rather exciting opportunity, just based on the return that early Amex Exploration shareholders saw–without a VMS deposit.

Starr Peak now has over 2,800 hectares of highly prospective gold property, including a past-producing mine
It’s operating at a 98% hit rate for its drilling and has landed on high-grade indications of a potential VMS deposit, which position it to be very attractive to major miners combing wildly untapped Quebec for a juicy basket of metals
It’s just added significantly to its drilling for a second time from 40,000 meters to 60,000 meters based on its positive results so far, and it’s fully funded to keep drilling (with CAD$7.5 million in the bank as of July 22^nd, 2021)
Amex earned early-in shareholders tons of returns, Starr Peak is setting themselves up for a potential repeat–or better.

This is an early-stage exploration play, but so far, it’s looking like one of the most exciting gold+ narratives we’ve seen in a very long time. It’s high-risk, high-reward, but with each drill hole, Starr Peak is further de-risking at a relatively fast pace.

Gold Majors Are Making Big Moves

AngloGold Ashanti (NYSE:AU) a South African mining company, is responsible for some of the most important discoveries in modern gold mining. They were one of the first companies to use laser technology to find gold deposits and create new mines. This innovative process helped them revolutionize the world's metals market with their laser-assisted exploration systems that can detect and map mineral reserves at depths up to 5 kilometers below ground level.

AngloGold is one of the most diverse and exciting miners on the planet, shielding itself from country-specific regulatory troubles or civil strife. It has operations on four continents including Africa, Australia, South America and North America. And though it has had some problems over the past decade, specifically in the early 2010s when the gold market took a major hit forcing many miners, including AngloGold to shutter operations, the mining giant has persevered.

Sociedad Química y Minera de Chile (NYSE:SQM) is a Chilean company that has been in operation for over 100 years and operates the most profitable commercial mine in the country. SQM produces more than 55 minerals, including lithium, iodine, potassium nitrate and copper. The company's headquarters are located on Avenida Kennedy, Santiago which was once an industrial area of the city with as many of 300 factories built there during its heyday between 1880 to 1930s.

Sociedad Química y Minera,signed in December a long-term supply deal with LG Energy Solution, which in turn supplies batteries to carmakers such as Tesla and GM. Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029. Sociedad Química y Minera sees the lithium industry growing at around 20 percent per year in the long term, supported by rising EV sales and emission reduction goals from China to the United States. And SQM doesn’t just produce lithium, either, making it well positioned in the resource boom.

Freeport-McMoRan’s (NYSE:FCX) roots date back to 1871, when it was founded as the Arizona Mining Company. In 1928, after experiencing a number of name changes and acquisitions, the company became Freeport-McMoRan Inc. While it’s primarily known for its copper production, it also produces gold. In fact, its Grasberg mine in Indonesia holds of the world's largest deposits of copper and gold. But that’s just scratching the surface of the miner’s global assets. Freeport-McMoRan also has extensive operations across the Americas, including mines in Arizona, Mexico and Peru.

The miner has long been recognized as a leader in safety practices and environmental stewardship with its sustainable development initiatives. The company is also committed to protecting human rights within their supply chain through an aggressive anti-corruption policy that includes detailed reporting on progress made towards these goals.

Kinross Gold Corp. (NYSE:KGC, TSX:K) is a Canadian-based gold mining company with operations in Africa, North America and Russia. They are one of the largest gold producers in the world and have been publicly traded on both the Toronto Stock Exchange (TSX) and American Stock Exchange (AMEX) since 2003. Their headquarters are located in Toronto, Ontario, Canada but they maintain offices all over the world including Johannesburg, South Africa; Denver, Colorado; Moscow, Russia; Kinshasa Democratic Republic of Congo; Lima Peru as well as Vancouver British Columbia Canada.

Similar to AngloGold and many of its other peers, Kinross has been enjoying dramatic improvements in profit margins and cash flow thanks to the surge in gold prices–and this trend appears set to continue with the gold outlook remaining decidedly bullish. With all factors remaining constant, Kinross should be able to realize high single-digit EPS expansion in the current year.

Kirkland Lake Gold (NYSE:KL, TSX:KL) is a Canadian gold mining company that has been in operation for over fifty years. They are one of the world's largest producers of gold, with their mines located throughout Canada. The company focuses on using sustainable practices to ensure they are leaving behind an environment that can be enjoyed by generations to come.

Recently, Kirkland and Newmont signed a $75 million exploration deal that could wind up being a game-changer for the industry. The two companies have agreed to split the cost 50/50 over five years with each company investing $15 million every year into joint projects between both companies for exploration purposes only – at this point it seems like a win. According to a joint press release in late 2020, “Newmont has acquired an option from Kirkland on the mining and mineral rights subject to a royalty payable by Newmont to Royal Gold, Inc. (the Holt Royalty) in exchange for a $75 million payment to Kirkland Lake Gold. Newmont can exercise the Option only in the event Kirkland intends to restart operations at the Holt Mine and process material subject to the Holt Royalty”

Barrick Gold (NYSE:GOLD, TSX:ABX) is a mining, exploration and production company. It has operations in Canada, the US and South America with mines in North America (Nevada), Chile and Argentina. Barrick also operates an open-pit mine at Pascua Lama on the border of Chile and Argentina. The Company's growth strategy includes expanding its Carlin Trend gold deposit in Nevada through selective acquisitions of key properties to provide meaningful leverage to rising gold prices as well as increased exploration for new deposits both within existing assets such as Porcupine District, Yukon Territory; San Dimas District, Sonora State, Mexico; Cortez Gold Project Colorado; El Peñón Mine Complex Santa Cruz Province Argentina) or outside them (Porco project).

Barrick is a top-tier gold miner with a global footprint. The Toronto-based gold giant operates in 13 countries, including Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. Though Newmont surpassed Barrick as the largest gold miner when it acquired Goldcorp, Barrick is still a force to be reckoned with.

Following its acquisition of Goldcorp, Newmont (NYSE:NEM, TSX:NGT) has now become one of the world's largest gold producers. It is clear that this company knows how to produce and market gold on a large scale. The company also owns several mining operations in North America, Australia, and Asia Pacific regions. They have developed many different methods for extracting gold from mines all over the world including open pit mining techniques as well as underground extraction techniques.

In addition to producing and marketing their own mined resources, Newmont Goldcorp offers consulting services where they provide guidance on exploration projects around the globe. This company is an industry leader in exploration both domestically and abroad with offices located in 12 countries across 5 continents! Newmont works with their suppliers to find the best way to extract these materials from various sources including hard rock mines (rocks), soft rock mines (sedimentary rocks) or surface deposits of minerals like salt lakes or sand-based beaches.

Yamana Gold (NYSE:AUY, TSX:YRI), is a well-known gold mining company, with operations in Brazil and Argentina. The company has been producing gold for over 50 years and operates two mines: the Canadian Malartic mine in Canada and the Minera Florida mine in Chile. It also owns three other properties: Agua Rica, Tapada do Norte, and Caiena. One of Yamana's most notable mines is Chapada mine in Brazil which has been operational since 2011.

Earlier this year, Yamana signed a deal with industry giants Glencore and Goldcorp to develop and operate another Argentinian project, the Agua Rica. Initial analysis suggests the potential for a mine life in excess of 25 years at average annual production of approximately 236,000 tonnes (520 million pounds) of copper-equivalent metal, including the contributions of gold, molybdenum, and silver, for the first 10 years of operation.

Harmony Gold (NYSE:HMY) is a gold mining company that was founded in 1924. It has been listed on the Johannesburg Stock Exchange since 1928 and it incorporated in 1956. The company's headquarters are located in Johannesburg, South Africa. Harmony Gold operates mines in Australia, Ghana, Papua New Guinea and Tanzania as well as exploration properties across Africa including Namibia, Congo-Kinshasa and Mali.

Harmony is another South African miner which has exploded onto the radars of investors. In 2020, Harmony raised a whopping $200 million to partially fund a key acquisition of AngloGold’s assets in its home country. The deal is expected to more-than-triple its gold production to as much as 1.8 million ounces per year.

First Majestic Silver (NYSE:AG, TSX:FR) is an exploration and development company with operations in Mexico. First Majestic Silver has been developing the San Jose mine for over 20 years, and it is now one of the world's largest silver producing mines. With a team of experienced geologists, engineers, metallurgists, miners and other professionals, First Majestic Silver strives to develop high-quality resources that maximize shareholder value.

First Majestic Silver's goal is to provide shareholders with a secure investment in precious metals while maximizing profitability for each project. They are committed to enhancing economic growth by creating jobs through sustainable mining practices which will contribute positively to their local communities as well as society at large.

While its primary focus remains on silver mining, it does hold a number of gold assets, as well. Additionally, silver tends to follow gold’s lead when wider markets begin to look shaky. And with analysts sounding the alarms of a global economic slowdown, both metals are likely to regain popularity among investors.

Wheaton Precious Metals Corp. (NYSE:WPM, TSX:WPM) is a leading global precious metals mining company with extensive experience in exploration, development and production activities on six continents. The Company produces silver, gold and other related minerals from various mines in North America, South America and Africa. As one of the largest ‘streaming’ companies on the planet, Wheaton has agreements with 19 operating mines and 9 projects still in development. Its unique business model allows it to leverage price increases in the precious metals sector, as well as provide a quality dividend yield for its investors.

Recently, Wheaton sealed a deal with Hudbay Minerals Inc. relating to its Rosemont project. For an initial payment of $230 million, Wheaton is entitled to 100 percent of payable gold and silver at a price of $450 per ounce and $3.90 per ounce respectively.

Randy Smallwood, Wheaton's President and Chief Executive Officer explained, "With their most recent successful construction of the Constancia mine in Peru, the Hudbay team has proven themselves to be strong and responsible mine developers, and we are excited about the same team moving this project into production. Rosemont is an ideal fit for Wheaton's portfolio of high-quality assets, and when it is in production, should add well over fifty thousand gold equivalent ounces to our already growing production profile."

By. Charles Kennedy for Oilprice.com

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ

CAREFULLY**

Forward-Looking Statements

This publication 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 publication include that prices for gold, silver, copper, zinc and other base metals will retain their value in future as currently expected, or could continue to increase due to global demand and political reasons; that Starr Peak can fulfill all its obligations to acquire its Quebec properties; that Starr Peak’s property can continue to achieve drilling and mining success for gold and other metals; that historical geological information and estimations will prove to be accurate or at least very indicative; that high-grade targets exist; that Starr Peak will be able to carry out its business plans, including future exploration and drilling programs; that the preliminary drilling results will be confirmed as further exploration continues; that the lab results from Starr Peak’s initial exploration program will confirm evidence of a significant VMS deposit; that Starr Peak’s exploration results will gain the attention and interest of larger mining companies and investors; that Starr Peak’s exploration results will continue to show promising results justifying ongoing exploration and possible development efforts. 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 that politics don’t have nearly the strong effect on gold and other base metal prices as expected; that demand for base metals may not continue to increase; that the Company may not complete all its announced mineral property purchases for various reasons; that the Company may not be able to finance its intended drilling and exploration programs; Starr Peak may not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information or testing; that the lab results from Starr Peak’s initial exploration program may not support evidence of a significant VMS deposit; that the preliminary drilling results may not be confirmed during further exploration efforts; that Starr Peak will fail to gain the attention and interest of other mining companies and investors; that Starr Peak’s exploration results may fail to find additional promising results justifying ongoing exploration and/or development efforts; and despite promising results from drilling and exploration, there may be no commercially viable minerals or ore on Starr Peak’s property. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by Starr Peak but may in the future be compensated to conduct investor awareness advertising and marketing for TSXV:STE. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns shares of Starr Peak and therefore has an additional incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

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Read this article on OilPrice.com

(Bloomberg) — Chile’s labor woes are spreading from copper to lithium, as members of a union at one of Albemarle Corp.’s sprawling brine-processing operations walked off the job.

The 135 members of the Salar union began a strike Wednesday after failing to reach a wage agreement in collective bargaining with management.

In a letter, union leaders accuse the company of anti-union practices and said they are pushing for improvements in working conditions and wage equality. The company said it regrets the union’s decision and remains confident of reaching a deal as it has without disputes with three other unions.

Albemarle has contingencies in place to continue operating, although much would depend on how long the strike lasts. The U.S.-based company is the world’s biggest producer of lithium and Chile is the No. 2 exporter.

The lithium labor stoppage comes at a time of tightening global supplies of the metal used in rechargeable batteries, and adds to strike risks in Chile’s giant copper industry where three mines are facing disruptions.

Union members at a Chilean copper mine owned by JX Nippon Mining & Metals started a strike this week, while workers at Codelco’s Andina mine are scheduled to stop work on Thursday. The implications for the copper market are far higher at BHP Group’s giant Escondida mine, where union members are voting on a final wage offer.

The windfall enjoyed by metal producers is emboldening workers, with host nations also looking at ratcheting up taxes to help resolve inequalities exacerbated by the pandemic. In Chile, that’s all playing out as the nation drafts a new constitution that may lead to tougher rules on water, glaciers, mineral and community rights, with presidential elections in November. At the same time, companies are striving to keep labor costs in check in a cyclical business and as input prices start to rise.

Albemarle has two production sites in northern Chile: the Salar plant in the Atacama desert and La Negra near the city of Antofagasta. More than 700 people work in the two sites, according to the company’s website.

(Adds copper strikes in sixth paragraph. A previous version corrected the number of employees in last paragraph.)

More stories like this are available on bloomberg.com

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