Halifax, Nova Scotia–(Newsfile Corp. – March 21, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to comment on the latest executive order issued by President Trump, invoking wartime powers under the Defense Production Act to address threats to the country's national and economic security by reliance upon "hostile foreign powers' mineral production" (the "Executive Order").
The Executive Order outlines a number of initiatives to "facilitate domestic mineral production to the maximum extent possible" and is aimed at the production of a number of critical minerals, including rare earth elements. More specifically, the Executive Order directs the Development Finance Corporation ("DFC") and Secretary of Defense to develop a plan to establish a dedicated mineral and mineral production fund for domestic investments within 30 days.
Additionally, the Secretary of Defense has been directed to add mineral production as a priority industrial capability development area for the Industrial Base Analysis and Sustainment Program ("IBAS"). Ucore is a current participant of the IBAS Program and is processing rare earth materials at its RapidSX™ Commercial Demonstration Facility further to a USD$4 million contract with the US Department of Defense (see Ucore Press Release dated June 6, 2023 Ucore Announces a US$4 Million Award from the US Department of Defense – Ucore Rare Metals Inc.).
"President Trump's executive order underscores the urgent need to establish robust, domestic rare earth processing capabilities," said Pat Ryan, Chairman and CEO of Ucore. "As the US looks to onboard rare earth mineral projects, there is strategic merit in knowing that significant security can be established by first dominating the processing and refining. We look forward to continuing our work with the Department of Defense to support this important initiative as we move toward commercializing our RapidSX™ rare earth element ("REE") refining technology."
Figure 1 – Aerial view of Ucore's planned Strategic Metals Complex in the England Airpark, Alexandria, LouisianaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/245541_50f55c3944136861_001full.jpg
Ucore's first Strategic Metals Complex is to be located in the England Airpark (formerly the England Air Force Base). The project has already garnered strong support from both government and private sector stakeholders and will provide the U.S. with the capacity to produce high-purity REEs essential for national security and technological advancement.
This executive order aligns strongly with Ucore's ongoing efforts to develop a resilient Western supply of REEs, including those crucial to semiconductor manufacturing, robotics, and clean energy applications. With the global semiconductor market projected to exceed $1 trillion by 2030 and AI-driven automation fueling unprecedented demand for rare earth permanent magnets, Ucore's scalable and modular refining process is uniquely positioned to fill this critical gap.
See the following link for the full text of the Executive Order: Immediate Measures to Increase American Mineral Production – The White House.
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About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. 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 plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.
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." 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, events, or developments that the Company is pursuing are forward-looking statements. The details of the legislation by which tariffs are implemented can potentially impact the effectiveness of the protections afforded by Foreign Trade Zones. 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.
Regarding any disclosure in the press release above about the US Department of Defense or the Government of Canada Programs and the expected successful progress and resulting milestone payments from these Programs, the Company has assumed that the Programs (including each of their milestones) will be completed satisfactorily. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element 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 offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: 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 SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs 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 Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; 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) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245541
In the latest market close, Southern Copper (SCCO) reached $100.41, with a +1.2% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.52%.
Heading into today, shares of the miner had gained 1.43% over the past month, outpacing the Basic Materials sector's loss of 1.45% and the S&P 500's loss of 7.33% in that time.
The investment community will be closely monitoring the performance of Southern Copper in its forthcoming earnings report. On that day, Southern Copper is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 11.7%. Alongside, our most recent consensus estimate is anticipating revenue of $2.79 billion, indicating a 7.48% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.65 per share and a revenue of $11.7 billion, representing changes of +7.39% and +2.31%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Southern Copper. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.79% higher. At present, Southern Copper boasts a Zacks Rank of #3 (Hold).
Investors should also note Southern Copper's current valuation metrics, including its Forward P/E ratio of 21.32. This represents a premium compared to its industry's average Forward P/E of 18.96.
It's also important to note that SCCO currently trades at a PEG ratio of 1.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining – Non Ferrous was holding an average PEG ratio of 0.89 at yesterday's closing price.
The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Teck Resources Ltd
VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has released its 24th annual Sustainability Report, highlighting the company’s 2024 performance in key areas, including support for communities, Indigenous Peoples, health and safety, diversity and climate.
“This report details our environmental and social performance as we focus on responsibly delivering the critical minerals the world needs for economic growth and energy security,” said Jonathan Price, President and CEO.
Teck’s 2024 Sustainability Report is prepared in accordance with the Global Reporting Initiative (GRI) Standards for the period January 1–December 31, 2024. The report has also been prepared in accordance with the Sector Standard GRI 14: Mining and Metals Sector 2023 and is aligned with the Sustainability Accounting Standards Board (SASB) Standards.
Our report is in conformance with the member requirements of the International Council on Mining and Metals (ICMM), including the implementation of the ICMM Mining Principles, and any mandatory requirements and corporate-level aspects set out in the Position Statements and the Performance Expectations (PE). Disclosure related to our validation of the ICMM PE can be found here. Teck is also in conformance with the Mining Association of Canada’s Towards Sustainable Mining (MAC TSM) Protocols. Disclosure related to our self-assessments and verification on the TSM Protocols can be found on the MAC TSM website.
For the full report, please click here. Other reports, including the 2024 Annual Report are also available on our Disclosure Portal.
About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Investor Contact:Emma ChapmanVice President, Investor Relations +44.207.509.6576emma.chapman@teck.com
Media Contact:Dale SteevesDirector, External Communications236.987.7405 dale.steeves@teck.com
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Rock Tech Lithium partners with GEA Group AG, a global leader in process technology, to supply crystallization and zero-liquid discharge systems for its Lithium Converter in Guben, Germany.
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Test works are successfully completed, paving the way for the procurement of crystallizers essential for battery-grade lithium hydroxide production.
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Technical and commercial terms are agreed, with the contract's formal signing pending the project's Final Investment Decision (FID).
TORONTO, March 20 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FSE: RJIB) has entered a technology partnership with GEA Group AG, one of the world's largest system suppliers for advanced process technology, to deliver key equipment for its Lithium Converter in Guben, Germany. As part of the agreement, GEA will supply crystallization and zero-liquid discharge technology, ensuring the highest standards in battery-grade lithium hydroxide monohydrate (LHM) production.
Rock Tech and GEA representatives after signing. (CNW Group/Rock Tech Lithium Inc.)
Following two and a half years of an intensive selection process followed by technical specifications and negotiations, Rock Tech has successfully completed test works with GEA to procure crystallizers essential to produce 24,000 tons of battery-grade LHM annually. This equipment contract is a significant step to establish an automated and continuously operating Lithium Converter in Europe.
"Finalizing the commercial and technical contract conditions is a key milestone, ensuring clarity, minimizing risks, and enabling efficient execution. We are pleased to have reached this milestone with such a reputable partner as GEA, establishing a strong foundation for successful collaboration," says Frank Spellier, Rock Tech's Head of Engineering.
The cooperation with GEA ensures that Rock Tech benefits from the company's extensive process knowledge, market expertise, and technical capabilities. In the past few years GEA has contributed to key lithium crystallization projects globally. Among others, GEA supplied technology for a lithium hydroxide plant in Argentina (25,000 tons/year), two process plants for lithium hydroxide production in South Korea, a facility producing 20,000 tons/year in Europe and crystallization and drying technology for an Australian Lithium plant. Additionally, GEA supplied several lithium hydroxide production lines focusing on solid-liquid separation technologies for a leading North American Lithium producer. These projects underscore GEA's expertise in high-purity lithium hydroxide production for battery applications. With terms on scope, services, warranties, and timelines now finalized, the formal contract signing is the next step, subject to the project's Final Investment Decision (FID).
As Rock Tech progresses toward the finalization of the contract, preparations are in place to integrate GEA's high-automation solutions, allowing continuous lithium production at the Guben site.
ABOUT ROCK TECH
Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced Lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build Lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium-Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Red Rock, Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop Lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further.
ABOUT GEA
GEA is one of the world's largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services. For instance, every second pharma separator for essential healthcare products such as vaccines or novel biopharmaceuticals is produced by GEA. In food, every fourth package of pasta or every third chicken nugget are processed with GEA technology. With more than 18,000 employees, the Group generated revenues of about EUR 5.4 billion in more than 150 countries in the 2024 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customers' production. They contribute significantly to the reduction of CO2 emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company's purpose: "Engineering for a better world. "GEA is listed on the German MDAX, the European STOXX® Europe 600 Index and is also a constituent of the leading sustainability indices DAX 50 ESG, MSCI Global Sustainability and Dow Jones Best-in-Class World.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking information pertaining to expectations concerning the Guben Converter, including the design and features of the Guben Converter, as well as the expected costs, capital expenditures, timing and outcomes thereof; statements regarding the Company's future plans, estimates, and schedules relating to the Guben Converter, including the anticipated timing of future activities taken in support of the development thereof; Rock Tech's potential financing arrangements; the expected economic performance of the Guben Converter and anticipated production of battery-grade Lithium Hydroxide and related processing methods employed; the estimated capital and operating costs of the Guben Converter; the anticipated timing and outcomes of a final investment decision, construction activities and commissioning of the Guben Converter; statements regarding the Company's sustainability and ESG related goals and strategy, including the benefits and achievement thereof and future actions taken by the Company in relation thereto; expected regulatory processes and final outcomes; expectations regarding the electric vehicle industry, including the demand for and pricing of battery-grade Lithium Hydroxide and the benefits therefrom, and the development of political and regulatory frameworks especially in Germany and the European Union; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; and plans and objectives of management for the Company's operations and properties. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
Cision
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SOURCE Rock Tech Lithium Inc.
GoGold Resources Inc.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, INWHOLE OR IN PART, IN OR INTO THE UNITED STATES.
HALIFAX, Nova Scotia, March 19, 2025 (GLOBE NEWSWIRE) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (collectively the “Underwriters”), under which the Underwriters have agreed to buy on bought deal basis 41,210,000 common shares (the “Common Shares”), at a price of C$1.82 per Common Share for gross proceeds of approximately C$75 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about April 4, 2025 and is subject to GoGold receiving all necessary regulatory approvals.
The net proceeds of the offering will be used for the development of the Company’s Los Ricos South project, for exploration activities at both Los Ricos South and North projects, and for general corporate purposes.
The Common Shares will be offered by way of a short form prospectus in all of the provinces of Canada, other than Quebec, and may also be offered by way of private placement in the United States. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About GoGold ResourcesGoGold 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 and development 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.For further information please contact:Steve Low, Corporate DevelopmentGoGold Resources Inc. T: 416 855 0435
Email : steve@gogoldresources.comOr visit : www.gogoldresources.com
CAUTIONARY STATEMENT 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 GoGold’s projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, 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.
Key Insights
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Given the large stake in the stock by institutions, Lundin Mining's stock price might be vulnerable to their trading decisions
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The top 5 shareholders own 52% of the company
Every investor in Lundin Mining Corporation (TSE:LUN) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 53% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
And last week, institutional investors ended up benefitting the most after the company hit CA$11b in market cap. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 3.0%.
In the chart below, we zoom in on the different ownership groups of Lundin Mining.
View our latest analysis for Lundin Mining
TSX:LUN Ownership Breakdown March 19th 2025What Does The Institutional Ownership Tell Us About Lundin Mining?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
As you can see, institutional investors have a fair amount of stake in Lundin Mining. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Lundin Mining's historic earnings and revenue below, but keep in mind there's always more to the story.
TSX:LUN Earnings and Revenue Growth March 19th 2025
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Lundin Mining. Nemesia S.À R.L. is currently the company's largest shareholder with 20% of shares outstanding. With 19% and 4.8% of the shares outstanding respectively, Capital Research and Management Company and Goldman Sachs Group, Investment Banking and Securities Investments are the second and third largest shareholders.
Our research also brought to light the fact that roughly 52% of the company is controlled by the top 5 shareholders suggesting that these owners wield significant influence on the business.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of Lundin Mining
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our data suggests that insiders own under 1% of Lundin Mining Corporation in their own names. However, it's possible that insiders might have an indirect interest through a more complex structure. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own CA$73m worth of shares. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.
General Public Ownership
With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Lundin Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Private Company Ownership
We can see that Private Companies own 20%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
Next Steps:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 3 warning signs for Lundin Mining that you should be aware of before investing here.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Southern Copper (SCCO) closed the most recent trading day at $98.80, moving +0.94% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.07%. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq depreciated by 1.71%.
The the stock of miner has risen by 0.63% in the past month, leading the Basic Materials sector's loss of 0.56% and the S&P 500's loss of 7.03%.
The investment community will be paying close attention to the earnings performance of Southern Copper in its upcoming release. The company is predicted to post an EPS of $1.05, indicating a 11.7% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $2.79 billion, up 7.48% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.74 per share and a revenue of $11.8 billion, signifying shifts of +9.47% and +3.22%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.76% higher. Southern Copper is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Southern Copper is presently trading at a Forward P/E ratio of 20.63. For comparison, its industry has an average Forward P/E of 18.56, which means Southern Copper is trading at a premium to the group.
We can also see that SCCO currently has a PEG ratio of 1.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Mining – Non Ferrous stocks are, on average, holding a PEG ratio of 0.86 based on yesterday's closing prices.
The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
REE Automotive Ltd.
Additional Proceeds Are invited into a Second Closing from Existing Strategic Investors
TEL AVIV, Israel, March 18, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (the “Company”), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that it has entered into securities purchase agreements with new institutional investors and certain existing strategic investors, including M&G Investments and Varana Capital, for the purchase and sale of 6,376,631 ordinary shares at a purchase price of $4.25 per share, pursuant to a registered direct offering, resulting in gross proceeds of up to approximately $27 million at closing(s) before deducting placement agent commissions and other offering expenses. The initial closing of the offering is expected to occur on or about March 19, 2025, subject to the satisfaction of customary closing conditions.
Motherson Group, an existing shareholder and one of the world’s leading automotive suppliers, has been invited to invest up to $10 million in a second closing for a fully subscribed round by no later than March 28, 2025.
The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.
A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-266902) which was declared effective by the Securities and Exchange Commission (the “SEC”) on August 25, 2022. The offering is made only by means of a prospectus which is part of the effective registration statement. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About REE Automotive
REE Automotive Ltd. (Nasdaq: REE) is a technology company enabling the next generation of software-defined vehicles (SDVs). Powered by REE® vehicles manage operations and features through proprietary software, enhancing safety, modularity and performance in passenger and commercial vehicles. At the core of REE’s SDV technology is a single unified layer powered by the company’s system-on-chip, redundant architecture capable of real-time, complex decision making on vehicle dynamics, energy management and autonomy. REE has a global supply chain managed by multibillion dollar international supplier, Motherson Group, REE’s second largest investor. Together with a leading automotive manufacturer in Detroit, REE can produce Powered by REE vehicles at scale without the need for capital-intensive investment. REE’s SDV technology licensing is a solution for OEMs seeking to improve their cost structure, reduce time to market and enhance their product offering. The company is targeting the first deliveries of its flagship P7-C electric truck in the first half of 2025, and plans for continued growth by completing, not competing with global OEM’s future vehicle lineups. With a validated and certified SDV architecture, REE helps automakers and fleet operators unlock new mobility possibilities. Learn more at www.ree.auto.
Forward Looking Statements
This communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses the expected closing of the offering and the potential for an additional investment by an existing strategic investor. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “can,” “estimate,” “expect,” “foresee,” “intend(s),” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements.
These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.
Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on suppliers and potential suppliers, which include single or limited source suppliers; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to a lack of compliance with Nasdaq’s minimum bid price requirement or other Nasdaq listing rules; future sales of our securities by existing material shareholders or by us that could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of fluctuations in interest rates, inflation, and foreign exchange rates; the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate (including the recent policy changes by the Trump Administration); the ongoing Gaza war and other military conflict in Israel; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.
Contacts
Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com
Investor ContactDana RubinsteinChief Strategy Officer for REE Automotiveinvestors@ree.auto
REE Automotive Ltd.
REE Automotive SDV technology
REE Automotive redefines SDV technology with certified, safety-focused systems that enhance flexibility and performance in passenger and commercial EVs.
REE is intended to be the exclusive provider of software-defined vehicle technology to this leading tech company in multiple global markets
Definitive long-term collaboration agreement expected in 2025, leveraging REE’s P7 platform to deliver thousands of autonomous vehicles by 2030 with start of production expected in 2027
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REE is intended to be the exclusive provider of software-defined vehicle technology to this leading tech company in multiple global markets
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Definitive long-term collaboration agreement expected in 2025, leveraging REE's P7 platform to deliver thousands of autonomous vehicles by 2030 with start of production expected in 2027
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Targeting revenue from the strategic collaboration agreement of up to $770 million by 2030 with software and services revenue expected to begin in H2 2025
TEL AVIV, Israel, March 18, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE), an automotive technology company that develops and builds software-defined electric vehicles, entered into a non-binding memorandum of understanding (MOU) with a global technology company developing and marketing new mobility solutions for passenger and freight transport. The MOU outlines the companies’ intent to develop and produce multiple thousands of autonomous-driving (AD) vehicles based on REE’s existing P7 platform. The parties intend to sign a strategic collaboration agreement by year-end 2025. It is estimated that the agreement will generate up to $770 million in potential revenues over the next five years. Through this collaboration, the companies plan to lead the global autonomous transportation market by integrating next-generation software-defined electrical architecture and best-in-class software technology.
The potential collaboration aims to leverage REE’s Federal Motor Vehicle Safety Standards (FMVSS) certified P7 platform and its Unified Architecture (RUA) of ultra-high-performance System on Chip (SOC) designed for real-time complex decision making on vehicle dynamics, safety, energy management, redundancy and autonomy. The Powered by REE® architecture and software technology stack should enable fast time to market with expected launch of the first production vehicles as early as 2027.
“We are very excited to see our advanced SDV technology reshaping the future of autonomous transportation at scale as it is being integrated into vehicles and applications outside of REE,” said Daniel Barel, CEO and co-founder of REE Automotive. “We believe that using our AD-ready and certified P7 platform and our advanced software technology allow us to bring this program to the market swiftly and with minimal investment offering a truly modular, adaptive and cost-effective autonomous solution.”
Powered by REE® software paves the way for a new generation of autonomous vehicles that are fully scalable, flexible and can integrate over-the-air updates which would scale REE’s innovation across a wide range of price points and global markets.
REE’s platforms are fully software-defined, enabling continuous evolution and adaptability. This approach reduces hardware complexity and extends vehicles’ operational lifespans, while allowing for new features and optimizations to be deployed remotely. Autonomous vehicle operators benefit from deep data insights that drive predictive maintenance and could improve uptime, which can reduce total cost of ownership. With software-defined control at the core of its zonal architecture, REE’s vehicles offer significant flexibility and an effort to future-proof SDV for emerging mobility solutions.
To learn more about REE Automotive’s patented software-defined technology and unique value proposition that positions the company to break new ground in e-mobility, visit www.ree.auto.
About REE AutomotiveREE Automotive Ltd. (Nasdaq: REE) is a technology company enabling the next generation of software-defined vehicles (SDVs). Powered by REE® vehicles manage operations and features through proprietary software, enhancing safety, modularity and performance in passenger and commercial vehicles. At the core of REE’s SDV technology is a single unified layer powered by the company’s system-on-chip, redundant architecture capable of real-time, complex decision making on vehicle dynamics, energy management and autonomy. REE has a global supply chain managed by multibillion dollar international supplier, Motherson Group, REE’s second largest investor. Together with a leading automotive manufacturer in Detroit, REE can produce Powered by REE vehicles at scale without the need for capital-intensive investment. REE’s SDV technology licensing is a solution for OEMs seeking to improve their cost structure, reduce time to market and enhance their product offering. The company is targeting the first deliveries of its flagship P7-C electric truck in the first half of 2025, and plans for continued growth by completing, not competing with global OEM’s future vehicle lineups. With a validated and certified SDV architecture, REE helps automakers and fleet operators unlock new mobility possibilities. Learn more at www.ree.auto.
Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com
Investors ContactDana RubinsteinChief Strategy Officer for REE Automotiveinvestors@ree.auto
Caution About Forward-Looking StatementsThis communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses REE’s intentions with respect to its potentially being the exclusive provider of software-defined vehicle technology and to lead the development and production of L4 autonomous vehicles, the potential revenues anticipated in connection therewith by 2030, the likelihood of the signing of a strategic collaboration agreement (including the likelihood of its occurrence in 2025), the number of AD vehicles anticipated to be manufactured and sold, the total addressable market of autonomous vehicles, the belief that its AD-ready and certified P7 platform allows it to bring this program to the market swiftly and with minimal investment, and the date(s) for any anticipated revenues and the beginning of production in connection therewith. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “can,” “estimate,” “expect,” “foresee,” “intend(s),” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements.
These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.
Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on suppliers and potential suppliers, which include single or limited source suppliers; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to a lack of compliance with Nasdaq’s minimum bid price requirement or other Nasdaq listing rules; future sales of our securities by existing material shareholders or by us that could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of fluctuations in interest rates, inflation, and foreign exchange rates; the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate (including the recent policy changes by the Trump Administration); the ongoing Gaza war and other military conflict in Israel; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ead25d6c-51a0-4930-b5a5-282c526db97d
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VANCOUVER, BC / ACCESS Newswire / March 18, 2025 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce"), is pleased to announce that it has granted (the "Grant") an aggregate of 2,500,000 incentive stock options (each, an "Option") to purchase up to 2,500,000 common shares of the Company (each, a "Share") to certain officers and consultants under its Equity Incentive Plan. The Options are exercisable for a period of three years from the date of Grant, expiring on March 18, 2028, at a price of $0.12 per Share. The options all vest immediately.
Commerce's Interim President and CEO Jeremy Robinson said: "As we finalise our plans to complete a dual listing on the Australian Securities Exchange (ASX) and progress the Ashram Project to the next stage, it is important that we retain and incentivise the people that have discovered this world-class deposit and advanced it to where it is today."
All Options and the Shares underlying such Options are subject to a hold period of four months and one day from the date of issuance.
ABOUT COMMERCE RESOURCES CORP.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property, in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (more than 30 – 45% TREO) mineral concentrates at high recovery (more than 60 – 75%) in line with active global producers.
The Ashram Deposit also has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market.
Additionally, Commerce is committed to exploring the potential of other high-value commodities on the Property such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.
For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.Ian GrahamChairmanPhone: 604.484.2700Email: info@commmerceresources.com
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.
FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include statements regarding the expected listing on the Australian Securities Exchange; the continued advancement of the Ashram project to development; that Ashram's fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Ashram Property. 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 events, activities or developments from coming to fruition include: that the Company may not complete a listing on the Australian Securities Exchange; that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Commerce Resources Corp.
View the original press release on ACCESS Newswire
Southern Copper recently announced a pause in its stock buyback program after not repurchasing any shares in the latest tranche despite having completed nearly 14% of its total buyback target since its launch in 2008. This development could have contributed to the company's 11% price increase over the past week. This rise is notable, especially when compared to the broader market decline, where major indices such as the Dow Jones and S&P 500 experienced declines due to uncertainties about tariffs and economic recession concerns. While tech stocks saw widespread selling, resulting in sharp declines for companies like Nvidia and Tesla, Southern Copper's performance indicates resilience amid these broader market headwinds. This specific divergence from the general market's downward trend, combined with halted buybacks, may showcase investor belief in Southern Copper's inherent value or stability in the current market conditions.
NYSE:SCCO Revenue & Expenses Breakdown as at Mar 2025
The last five years have seen Southern Copper's total return, inclusive of both share price appreciation and dividends, achieve a very large 431.62%. This standout performance, compared to broader market trends, reflects a combination of factors. Notably, the company's earnings have consistently grown, averaging 12.5% annually over this timeframe, and recent reports revealed a significant 39.2% earnings growth last year, outpacing the broader Metals and Mining industry's decline. This robust financial performance is underlined by high net profit margins that increased from 24.5% to 29.5%, showcasing operational efficiency.
Other relevant developments include consistent dividend increases, which likely supported the stock's attractiveness to income-focused investors. In late 2024, the company authorized a quarterly cash dividend increase to US$0.70 per share, further enhancing shareholder returns. These strategic financial moves, alongside strong operating results—such as full-year 2024 net income reaching $3.38 billion—demonstrate Southern Copper's resilience and growth. However, the company's recent trading price suggests it is above the estimations of fair value, indicating market optimism in its future prospects.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NYSE:SCCO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
VANCOUVER, BC / ACCESS Newswire / March 17, 2025 / Commerce Resources Corp. (TSXv:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") advises that Mr Ross Carroll has terminated his employment with the Company by mutual agreement and will step down as President and Chief Executive Officer and as a member of the board of directors effective immediately.
Mr. Jeremy Robinson, who is currently a non-executive Director, will assume the role of interim President and Chief Executive Officer to complete the Company's expected dual listing on the Australian Securities Exchange (ASX) in the coming months and oversee the next phase of development of the world-class Ashram Rare Earths Project.
Following completion of the ASX listing, the Company expects to announce the appointment of a permanent President and CEO who will be based in North America.
Commenting on the changes, Interim President and CEO Jeremy Robinson said: "On behalf of the Commerce board, I would like to express my thanks to Ross for his leadership and diligence over the past six months and wish him well in his future endeavours.
"The Company is about to embark on an exciting period and I look forward to keeping shareholders updated in the weeks and months ahead as we continue to advance the Ashram Project towards development."
ABOUT COMMERCE RESOURCES CORP.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property, in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (more than 30 – 45% TREO) mineral concentrates at high recovery (more than 60 – 75%) in line with active global producers.
The Ashram Deposit also has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market.
Additionally, Commerce is committed to exploring the potential of other high-value commodities on the Property such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.
For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.Ian GrahamChairmanPhone: 604.484.2700Email: info@commmerceresources.com
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.
FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include statements regarding the expected listing on the Australian Securities Exchange and the expected appointment of a permanent president and CEO thereafter; the continued advancement of the Ashram project to development; that Ashram's fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Ashram Property. 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 events, activities or developments from coming to fruition include: that the Company may not complete a listing on the Australian Securities Exchange; that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Commerce Resources Corp.
View the original press release on ACCESS Newswire
Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.
So should Lindian Resources (ASX:LIN) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.
Check out our latest analysis for Lindian Resources
Does Lindian Resources Have A Long Cash Runway?
A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Lindian Resources last reported its December 2024 balance sheet in March 2025, it had zero debt and cash worth AU$6.7m. Looking at the last year, the company burnt through AU$12m. So it had a cash runway of approximately 7 months from December 2024. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. You can see how its cash balance has changed over time in the image below.
ASX:LIN Debt to Equity History March 15th 2025How Is Lindian Resources' Cash Burn Changing Over Time?
Although Lindian Resources reported revenue of AU$179k last year, it didn't actually have any revenue from operations. To us, that makes it a pre-revenue company, so we'll look to its cash burn trajectory as an assessment of its cash burn situation. We'd venture that the 70% reduction in cash burn over the last year shows that management are, at least, mindful of its ongoing need for cash. Admittedly, we're a bit cautious of Lindian Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.
How Easily Can Lindian Resources Raise Cash?
While we're comforted by the recent reduction evident from our analysis of Lindian Resources' cash burn, it is still worth considering how easily the company could raise more funds, if it wanted to accelerate spending to drive growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).
Lindian Resources' cash burn of AU$12m is about 11% of its AU$111m market capitalisation. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution.
Is Lindian Resources' Cash Burn A Worry?
On this analysis of Lindian Resources' cash burn, we think its cash burn reduction was reassuring, while its cash runway has us a bit worried. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. On another note, Lindian Resources has 5 warning signs (and 3 which are a bit concerning) we think you should know about.
Of course Lindian Resources may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Investing.com — Shares of iron ore miners have come under pressure in recent weeks amid speculation about potential steel production cuts in China.
Market concerns stem from reports suggesting that Beijing may target a reduction of up to 50 million tonnes in 2025, with further cuts in subsequent years. However, analysts believe the market reaction is overdone, as they do not expect mandated production restrictions this year.
RBC analysts expect crude steel production to decline due to lower demand and weaker prices, rather than government-imposed cuts. Beijing’s approach to managing steel capacity remains market-driven, with mechanisms such as pricing and green-finance incentives shaping industry output.
Iron ore prices have also been weighed down by expectations of softer demand, but analysts see potential support in the first half of the year due to supply disruptions, seasonal construction activity, and low steel inventories in China.
Despite the recent selloff, the note suggests that capacity cuts, if they materialize, could improve steel mill profitability and lead to higher discounts for lower-grade iron ore, rather than directly reducing demand for the commodity.
Environmental restrictions have also contributed to confusion, with air quality-related production curbs in cities like Tangshan and Tianjin coinciding with China’s National People’s Congress meetings. These, however, are seen as temporary.
Fortescue Metals Group (OTC:FSUGY), Rio Tinto (NYSE:RIO), and BHP Group (NYSE:BHP) have all seen declines, reflecting broader uncertainty in the sector.
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Wallbridge Mining Company Limited
TORONTO, March 14, 2025 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has commenced drilling at its Martiniere gold project (“Martiniere”) located approximately 30 km west of the Company’s flagship Fenelon gold project in northwestern Quebec.
The Company is continuing to explore the broader mineralized gold system at Martiniere. Exploration is focused along the Bug Lake deformation corridor where drilling in 2024 returned multiple high grade intercepts from three satellite targets located within 100 to 500 metres of the currently defined mineral resource (see Wallbridge news releases dated July 31, 2024 and November 6, 2024). The first hole of the 2025 program is targeting the down-plunge extension of the newly identified Dragonfly zone which has so far been delineated approximately 500 metres along strike and to a vertical depth ranging from 75 to 200 metres below surface. Drilling is also planned to follow up on positive results returned from the Horsefly and Martiniere North target areas.
During 2025 the Company plans to complete a total of 10,000 to 15,000 metres of drilling at Martiniere. The first phase of drilling is planned to be completed in May 2025. Based on the results of the first drilling phase, which are expected to be reported by the end of the second quarter, a second phase is planned to commence during the latter half of July.
Additionally, generative exploration to identify earlier stage greenfields targets within the Company’s 830 km2 regional property position along the Detour-Fenelon gold trend continues.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Northern Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 830 km2 that extends approximately 97 km along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
|
Brian Penny, CPA, CMACEOEmail: bpenny@wallbridgemining.comM: +1 416 716 8346 |
Tania Barreto, CPIRDirector Investor RelationsEmail: tbarreto@wallbridgemining.com M: +1 289 819 3012 |
Cautionary Note Regarding Forward-Looking Information
The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include, but is not limited to; the Company’s exploration plans; the future prospects of Wallbridge; statements regarding the results of the PEA; future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates (“MRE”) at the Fenelon and Martiniere properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; and failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.
Goliath Resources (GOT.V) reported Thursday an update on the Surebet discovery within its Golddigger
Goliath Resources Limited
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Dyke Highlights:
-
17 feeder dykes have been intersected in drill holes and/or mapped on surface, of which 13 remain to be tested. These will be logged, sampled and assayed in the upcoming 2025 program based on strong assays results from the first 4 dykes tested in 2024 providing for excellent potential to vector in and target the gold mineralizing system.
-
4 feeder dykes drilled, logged and assayed contained high-grade gold intervals that displayed visible gold, as well as molybdenite, bismuth and tellurium mineralization related to a Reduced Intrusion Related Gold System (RIRG).
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19 holes drilled in 2021 – 2024 with highly prospective intervals of mineralized porphyritic RIRG dykes will be relogged as part of the 2025 program that suggest possibly >900 meters of new samples for a quick start of early assaying this season; mobilization planned for May 2025.
-
High-grade gold mineralization was reported earlier this year from a relogged drill hole from 2022 that assayed 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters, plus a second separate interval of 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters that intersected a feeder dyke derived from the Motherlode gold-rich Reduced Intrusion Related Gold System (RIRG) source. Additional feeder dykes have also confirmed gold mineralized intrusion related in drill holes to a down-hole depth of 500 meters with grades ranging from 1.08 g/t AuEq over 1.10 meters to 10.50 g/t AuEq over 7.00 meters. The gold mineralized feeder dykes are up to 25 meters wide and exposed along strike at surface for up to 1,500 meters and remain open, strongly indicating close proximity to a gold-rich Motherlode RIRG source.
-
Mineralization in the dykes occurs as quartz veins and veinlets up to a few centimeters wide containing visible gold, bismuth, bismuth-tellurides and molybdenite, hosted in porphyritic felsic-intermediate ilmenite series granitoids, which is the expected composition of a causative intrusion in the geologic setting where Surebet was formed. Gold in the mineralized dykes occurs included in composite grains with native bismuth and bismuth tellurides. This style of gold mineralization is also found in the gold-rich staked shear hosted quartz veins at Surebet.
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The geochronology (age) between the dykes (52.0 ± 1.5 Ma) and sedimentary/volcanic rock hosted stacked veins (50.7 ± 1.0 Ma) indicates the dykes were emplaced at a time indistinguishable from the stacked veins, suggesting a syngenetic relationship between these two mineralization stages. Also, there are two stages of gold mineralization observed petrographically in all gold bearing veins at the Surebet Discovery (see more information below).
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a4d25d0f-21f7-4266-8fb3-14c345a31cf1
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/af414a47-fba3-4781-b030-ea483c3817cd
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/4fee7478-6a86-43c8-9190-693018f5ef3e
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/ebb2abac-668c-4a46-8597-2f40b71e3ae7
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-
Two stages of gold mineralization are observed petrographically in all gold bearing veins at the Surebet Discovery. The first stage is higher-temperature and occurs with a strong bismuth-gold association, which is most commonly observed in the RIRG dykes. This is further evidence these are the feeder pathway structures that provided mineralization for the high-grade gold stacked veins. The second is a lower temperature stage most commonly found in the sedimentary rocks and volcanic rocks. Certain intervals are observed containing both high temperature and low temperature stages of gold i.e. previously announced drill hole GD-24-260 that ran 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters.
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b15540b6-810c-487b-9fbd-cf523bb68140
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During only 15 months of boots on the ground, strong gold mineralization has been confirmed with assays in 100% of 243 widespread drill holes containing >300 intercepts to date within a 1.8 km2 area. Confirmation of multiple stacked gold veins and widespread gold-rich reduced intrusion (RIRG) feeder dykes, confirms the continuity of the widths and grades at Surebet demonstrating this world-class gold system has tremendous untapped expansion potential remaining.
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Confirmation of high gold grades over broad intervals in the recently discovered RIRG system characterized by considerable amounts of visible gold, bismuth, bismuth tellurides and molybdenum mineralization in the felsic to intermediate porphyritic dykes on Surebet materially increases the resource potential of the Surebet discovery. Targeting the feeder dykes and Motherlode gold-rich source will form part of the drill program in 2025 as well expanding the stacked layers of high-grade gold mineralization currently covering at least 1.8 km2 that remains open in all directions on the Surebet discovery.
Dyke Maps & Cross Sections
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/10692b84-5c3e-43a2-a7c8-5a1484773ed9
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f4e5c986-c1e6-456e-bfe0-2e53c3c49f1d
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/5d3076be-c02a-4737-b247-4ab8c98f7ab3
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/13f5532c-bf70-4065-8c92-460cdaf423dd
Drilling Highlights – Dyke Assays Previously Reported:
-
GD-22-58, a 2022 drill hole that was relogged in 2024 and previously reported this year intercepted two separate intervals with exceptional gold grades over substantial widths within a reduced intrusion related porphyritic intermediate feeder dyke containing visible gold, bismuth and molybdenum mineralization reminiscent of a RIRG system. The dyke is up to 15 meters wide and strikes north-south for 1,400 meters on surface with 600 meters of vertical relief and remains open:
-
12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters, including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 meters.
-
8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters, including 14.26 g/t AuEq (13.87 g/t Au and 34.10 g/t Ag) over 3.00 meters.
-
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/ec0912af-7014-47b6-812f-0e32c08b6803
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-
-
GD-24-237 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 10.50 g/t AuEq (10.41 f/t Au and 7.15 g/t Ag) over 7.00 meters, including 14.68 g/t AuEq (14.55 g/t Au and 9.82 g/t Ag) over 5.00 meters, and 24.42 g/t AuEq (24.22 g/t Au and 16.01 g/t Ag) over 3.00 meters. The dyke is up to 25 meters wide and strikes north-south for 1,500 meters on surface with 900 m of vertical relief and remains open.
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GD-23-180, a 2023 drill hole that was relogged in 2024 and previously reported this year intercepted a mineralized intermediate porphyritic dyke that assayed 3.46 g/t AuEq (3.43 g/t Au and 2.68 g/t Ag) over 7.00 meters including 4.49 g/t AuEq (4.44 g/t Au and 3.75 g/t Ag) over 5 meters. Based on drill information to date the dyke has a northeast-southwest strike extent of 300 meters of strike with 400 meters of vertical relief and remains open. This dyke is not exposed to the surface.
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Drill hole GD-23-226 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 1.85 g/t AuEq (1.85 g/t Au and 0.00 g/t Ag) over 8 meters, including 6.03 g/t AuEq (6.03 g/t Au and 0.00 g/t Ag) over 2 meters. The dyke is up to 25 meters wide and strikes north-south for 1,500 meters on surface with 900 meters of vertical relief and remains open.
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An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/5fe11314-e6ce-4f69-b9af-7fa504ee2deb
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TORONTO, March 13, 2025 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report updated modelling confirms the large gold rich stacked layered system of 1.2 kilometres over an area of 1.8 square kilometres is directly associated to a Motherlode Reduced Intrusive Gold System (RIRG) source with multiple gold rich feeder dykes at Surebet on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, B.C. Previously reported feeder dyke holes assayed up to 12 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10 meters and remains open for expansion. These RIRG feeder dykes are up to 25 meters wide and exposed at surface along strike for up to 1,500 meters and remain open. The geochronology age between the dykes (52.0 ± 1.5 Ma) and sedimentary/volcanic rock hosted stacked veins (50.7 ± 1.0 Ma) indicates the dykes were emplaced at a time indistinguishable from the stack veins, suggesting a syngenetic relationship between these two mineralization stages.
17 feeder dykes have been intersected in drill holes and/or mapped on surface, of which 13 remain to be tested. These will be logged, sampled and assayed in the upcoming quick start 2025 program based on strong assays results from the first 4 feeder dykes tested in 2024. These provide for excellent potential to vector in and target the gold mineralizing system. 4 of the feeder dykes logged and assayed contained high-grade gold intervals that displayed visible gold, as well as molybdenite, bismuth and tellurium mineralization related to a Reduced Intrusion Related Gold System (RIRG). 19 drill holes from 2021 – 2024 with highly prospective intervals of mineralized porphyritic dykes will relogged and assayed as part of the 2025 program that suggest possibly >900 meters of new samples for assaying early on in the season; mobilization is scheduled for May this year.
Dr. Quinton Hennigh, Geologic/Technical Director of Crescat Capital, a strategic investor in Goliath, states: “At the Surebet Discovery, we now see compelling evidence of the causative intrusion that generated this remarkable high-grade gold system. A series of steeply dipping dykes encountered in some recent diamond drill holes bear quartz-sulfide veins and veinlets with compositions strongly similar to those of the numerous shallow dipping and flat lodes that have been the main focus of exploration to date. Age dating shows that the emplacement of these dykes is very close to the age of mineralization. This is intriguing for three reasons. Firstly, it indicates that the dykes themselves are a very prospective, potentially extensive exploration target. Secondly, the dykes and mineralisation forming fluids are clearly tapping the same structures, ones that are presumably deeply rooted and coming from a parent magma source at depth. This could mean there is a lot more gold in the system to explore under and laterally at the Surebet Discovery. Lastly, it is also immediately evident that there is a spatial relation between these dykes and the location of most of the highest grade intercepts encountered to date. In short, we now have a clear vector to guide future drilling at high-grade areas. The 2025 drill season cannot start soon enough.”
Randall Karcher, CASERM researcher and PhD student at the Colorado School of Mines, states: “The granitoid dykes at Surebet have several characteristics which indicate they are part of the system responsible for gold mineralization on the property. Gold in the mineralized dykes occurs within composite grains alongside native bismuth and bismuth tellurides. This style of gold mineralization is also found in the gold rich quartz vein elsewhere at Surebet. Furthermore, the dykes are felsic-intermediate ilmenite series granitoids, which is the expected composition of a causative intrusion in the setting where Surebet was formed. Finally, coincident geochronology between the dykes and the sedimentary/volcanic rock hosted stacked veins indicates that the dykes were emplaced at a time indistinguishable from the veins, suggesting a syngenetic relationship between the two. The discovery of gold bearing intrusive rocks of this character provide strong exploration implications for the intrusive “feeder system”. Additionally, the abundance of local intrusive rocks at Golddigger of similar ages to mineralization show strong exploitation potential moving forward.”
Roger Rosmus, Founder and CEO of Goliath, states: “Recently completed detailed modelling of our drilling to date has shown that in addition to a series of gently dipping vertically stacked veins over 1.2km at the Surebet high-grade gold discovery, there are also a series of near vertical RIRG gold mineralization within the dykes. Our geological team is excited about these dykes and stacked veins being roughly the same age in geological terms that point to a Motherlode RIRG source. If one considers that there are stacked veins dipping toward the southeast and others to the southwest, plus the network of vertical dykes with the higher-temperature gold and occurs with a strong bismuth-gold suggests they are connected and proximal to the source. Things are shaping up to look like we have the potential for a combination of stacked veins similar to the Pogo Mine in combination with a RIRG system like Snowline’s discovery in the Yukon. Both the Pogo Mine and Snowline’s discovery are part of the Tintina Gold Province, and it is remarkable that we could see something similar as part of the same system in the prolific Golden Triangle to the south of the Tintina Gold Province. We look forward to a quick start to our exploration season in May 2025 this year, we will be relogging and assaying the 19 holes of feeder dyke core drilled between 2021 – 2024 that could possibly end up being >900 meters being sent to the lab. Drilling this exploration season will look to further expanding the stacked veins and dykes for vectoring into the source of the gold system at the Surebet Discovery.”
Dykes – drilling results previously reported:
-
GD-22-58 previously reported intercepted two separate intervals with exceptional gold grades over substantial widths within a reduced intrusion related porphyritic intermediate feeder dyke containing visible gold, bismuth and molybdenum mineralization reminiscent of a RIRG system. The dyke is up to 15 m wide and strikes north-south for 1400 meters on surface with 600 meters of vertical relief and remains open:
-
12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters, including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 meters.
-
8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters, including 14.26 g/t AuEq (13.87 g/t Au and 34.10 g/t Ag) over 3.00 meters.
-
-
Drill hole GD-24-237 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 10.50 g/t AuEq (10.41 f/t Au and 7.15 g/t Ag) over 7.00 meters, including 14.68 g/t AuEq (14.55 g/t Au and 9.82 g/t Ag) over 5.00 meters, and 24.42 g/t AuEq (24.22 g/t Au and 16.01 g/t Ag) over 3.00 meters. The dyke is up to 25 meters wide and strikes north-south for 1500 meters on surface with 900 m of vertical relief and remains open.
-
Drill hole GD-23-180 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 3.46 g/t AuEq (3.43 g/t Au and 2.68 g/t Ag) over 7.00 meters including 4.49 g/t AuEq (4.44 g/t Au and 3.75 g/t Ag) over 5 meters. Based on drill information to date the dyke has a northeast-southwest strike extent of 300 meters strike with 400 meters of vertical relief and remains open. The dyke is not exposed on surface.
-
Drill hole GD-23-226 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 1.85 g/t AuEq (1.85 g/t Au and 0.00 g/t Ag) over 8 meters, including 6.03 g/t AuEq (6.03 g/t Au and 0.00 g/t Ag) over 2 meters. The dyke is up to 25 meters wide and strikes north-south for 1,500 meters on surface with 900 meters of vertical relief and remains open.
The granitoid dykes at Surebet have several characteristics which indicate they are part of the system responsible for gold mineralization on Surebet. Mineralization in the dykes occurs as quartz veins and veinlets up to a few centimeters wide containing visible gold, bismuth, bismuth-tellurides and molybdenite, hosted in porphyritic felsic-intermediate ilmenite-series granitoids, which is the expected composition of a causative intrusion in the geologic setting where Surebet was formed. Gold in the mineralized dykes occurs included in composite grains with native bismuth and bismuth tellurides. This style of gold mineralization is also found in the gold-rich staked shear hosted quartz veins at Surebet. The geochronology age between the dykes (52.0 ± 1.5 Ma) and sedimentary/volcanic rock hosted stacked veins (50.7 ± 1.0 Ma) indicates the dykes were emplaced at a time indistinguishable from the stack veins, suggesting a syngenetic relationship between these two mineralization stages.
Table 1: Highlighted drill holes that intercepted RIRG in dykes – previously reported.
|
Hole ID |
|
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (g/t) |
|
GD-22-58 |
Interval |
220.00 |
230.00 |
10.00 |
11.84 |
15.61 |
0.00 |
0.01 |
0.02 |
12.03 |
|
Including |
224.00 |
230.00 |
6.00 |
19.62 |
25.61 |
0.00 |
0.01 |
0.02 |
19.91 |
|
|
Including |
225.00 |
230.00 |
5.00 |
23.47 |
30.54 |
0.00 |
0.01 |
0.02 |
23.82 |
|
|
Interval |
244.00 |
249.00 |
5.00 |
8.35 |
20.74 |
0.00 |
0.01 |
0.02 |
8.59 |
|
|
Including |
245.00 |
248.00 |
3.00 |
13.87 |
34.10 |
0.00 |
0.01 |
0.02 |
14.26 |
|
|
GD-24-237 |
Interval |
313.00 |
320.00 |
7.00 |
10.41 |
7.15 |
0.00 |
0.01 |
0.02 |
10.50 |
|
Including |
314.00 |
319.00 |
5.00 |
14.55 |
9.82 |
0.00 |
0.01 |
0.02 |
14.68 |
|
|
Including |
315.00 |
318.00 |
3.00 |
24.22 |
16.01 |
0.00 |
0.01 |
0.02 |
24.42 |
|
|
GD-24-180 |
Interval |
266.00 |
273.00 |
7.00 |
3.43 |
2.68 |
0.00 |
0.00 |
0.00 |
3.46 |
|
Including |
267.00 |
272.00 |
5.00 |
4.44 |
3.75 |
0.00 |
0.00 |
0.00 |
4.49 |
|
|
GD-24-226 |
Interval |
491.00 |
499.00 |
8.00 |
1.85 |
0.00 |
0.00 |
0.00 |
0.00 |
1.85 |
|
Including |
491.00 |
493.00 |
2.00 |
6.03 |
0.00 |
0.00 |
0.00 |
0.00 |
6.03 |
|
|
GD-24-61 |
Interval |
195.00 |
196.00 |
1.00 |
1.39 |
0.06 |
0.00 |
0.00 |
0.01 |
1.40 |
|
GD-24-77 |
Interval |
41.00 |
44.00 |
3.00 |
1.00 |
3.77 |
0.00 |
0.00 |
0.01 |
1.05 |
|
GD-24-183 |
Interval |
122.00 |
134.00 |
12.00 |
2.28 |
2.29 |
0.00 |
0.00 |
0.01 |
2.31 |
|
GD-24-209 |
Interval |
341.00 |
343.00 |
2.00 |
1.11 |
1.12 |
0.00 |
0.01 |
0.02 |
1.13 |
|
GD-24-221 |
Interval |
89.90 |
91.00 |
1.10 |
1.06 |
0.83 |
0.00 |
0.00 |
0.01 |
1.08 |
All 4 dykes logged and assayed contained high-grade gold intervals that displayed visible gold, as well as molybdenite, bismuth and tellurium mineralization. An additional 13 dykes have been intersected in drill holes and/or mapped on the surface and remain to be tested. These will be logged, sampled and assayed in the upcoming 2025 program based on strong assays results from the first 4 dykes tested in 2024 providing for excellent additional resource potential.
Table 2: 19 Drill holes with highly prospective intervals of mineralized porphyritic dykes to relog and assay in 2025 (~900 meters).
|
Hole ID |
From (m) |
To (m) |
Interval (m) |
Comment |
|
GD-21-06 |
153 |
182 |
29 |
Relog and sample; alteration |
|
GD-21-09 |
133 |
143 |
10 |
Relog and sample |
|
GD-22-102 |
84 |
151 |
67 |
Relog and sample |
|
GD-22-64 |
264 |
301 |
37 |
Relog and sample |
|
GD-22-74 |
106 |
171 |
65 |
Relog and sample; alteration |
|
GD-22-74 |
12 |
56 |
44 |
Relog and sample; alteration |
|
GD-23-151 |
206 |
214 |
8 |
Relog and sample |
|
GD-23-151 |
269.5 |
273 |
3.5 |
Relog and sample |
|
GD-23-151 |
279 |
285 |
6 |
Relog and sample; alteration |
|
GD-23-197 |
23 |
127 |
104 |
Relog and sample; fault |
|
GD-23-197 |
164 |
314 |
150 |
Relog and sample |
|
GD-23-202 |
728 |
739 |
11 |
Relog and sample; alteration |
|
GD-24-237 |
0 |
29 |
29 |
Relog and sample; multiple intervals |
|
GD-24-238 |
270 |
275 |
5 |
Relog and sample; alteration |
|
GD-24-246 |
39 |
135 |
96 |
Relog and sample |
|
GD-24-248 |
579 |
681 |
102 |
Relog and sample |
|
GD-24-259 |
343.26 |
357 |
13.74 |
Relog and sample |
|
GD-24-269 |
82 |
87 |
5 |
Relog and sample |
|
GD-24-272 |
79 |
124 |
45 |
Relog and sample |
|
GD-24-284 |
0 |
59 |
59 |
Relog and sample; alteration |
|
GD-24-285 |
186 |
211 |
25 |
Relog and sample |
|
GD-24-285 |
329 |
341 |
12 |
Relog and sample |
|
GD-24-295 |
0 |
143 |
143 |
Relog and sample |
|
GD-24-299 |
TBD |
TBD |
TBD |
Relog and sample; multiple intervals |
During only 15 months of boots on the ground, strong gold mineralization has been confirmed with assays in 100% of 243 widespread drill holes containing >300 intercepts to date within a 1.8 km2 area. Confirmation of multiple stacked gold veins and widespread gold-rich reduced intrusion feeder dykes, confirms the continuity of the widths and grades at Surebet demonstrating this world-class gold system has tremendous additional untapped expansion potential remaining.
The drill program being planned in 2025 will focus on expanding the stacked veins of high-grade gold mineralization that remains open in all directions, including to depth and vectoring in on and targeting the Motherlode RIRG believed to be the source for the extensive high-grade gold mineralization on the Surebet Discovery. The Company looks forward to continuing to expand the mineralization at Surebet and increase the understanding of the geometry and controls of the mineralization. The discovery of the RIRG mineralization clearly indicates proximity to the source of this extensive mineralizing system.
Table 3: Collar information for drill holes from Surebet reported in this news release.
|
Hole ID |
CRS |
Easting (m) |
Northing (m) |
Elevation (m) |
Azimuth (deg) |
Dip (deg) |
Length (m) |
|
GD-22-58 |
NAD83 / UTM zone 9N |
457512 |
6163073 |
1656 |
120 |
55 |
399 |
|
GD-22-61 |
NAD83 / UTM zone 9N |
456577 |
6162712 |
1580 |
0 |
60 |
670 |
|
GD-22-77 |
NAD83 / UTM zone 9N |
457190 |
6162991 |
1656 |
130 |
75 |
504 |
|
GD-23-180 |
NAD83 / UTM zone 9N |
457452 |
6162783 |
1514 |
145 |
55 |
535 |
|
GD-23-183 |
NAD83 / UTM zone 9N |
457337 |
6162680 |
1444 |
100 |
65 |
507 |
|
GD-23-209 |
NAD83 / UTM zone 9N |
457452 |
6162781 |
1513 |
140 |
65 |
397 |
|
GD-23-221 |
NAD83 / UTM zone 9N |
457570 |
6162454 |
1443 |
70 |
70 |
273 |
|
GD-23-226 |
NAD83 / UTM zone 9N |
457382 |
6162942 |
1622 |
140 |
69 |
653 |
|
GD-24-237 |
NAD83 / UTM zone 9N |
457445 |
6162776 |
1511 |
140 |
70 |
848 |
Golddigger Property
The Golddigger Property is 100% controlled and covers an area of 91,518 hectares in the world class geological setting of the Eskay Rift, within 3 kilometers of the Red Line in the Golden Triangle of British Columbia. This area has hosted some of Canada’s greatest mines including Eskay Creek, Premier and Snip. Other significant and well-known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris, and Schaft Creek. Goliath controls 56 kilometers of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization.
The Surebet discovery has exceptional continuity and excellent metallurgy with gold recoveries of 92.2% with 48.8% of it as free gold from gravity alone at a 327-micrometer crush (no cyanide required to recover the gold). The metallurgy completed to date shows no deleterious elements are present such as mercury or arsenic.
The Property is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.
Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the east of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport.
About CASERM (Center to Advance the Science of Exploration to Reclamation in Mining)
Goliath is a paying member and active supporter of CASERM, an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech aimed at transforming the way that geoscience data is used in the mineral resource industry. Research focuses on the integration of diverse geoscience data to improve decision making across the mine life cycle, beginning with the exploration for subsurface resources continuing through mine operation as well as closure and environmental remediation. As a CASERM member, the Company requested a study and written report to be performed by Colorado School of Mines analysing Surebet’s origin of mineralization. The study confirmed an extensive porphyry feeder source at depth for the high-grade gold mineralising fluids at Surebet.
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is also a director of the Company.
Goliath’s Annual General Meeting (AGM) – Updated Dial In Number
If you wish to dial in and listen to Goliath’s AGM proceedings on Monday, March 17, 2025 at 1:00pm (Toronto time), please be advised the new dial in number is +1.437.703.7440 and the code is 105301859#.
About Goliath Resources Limited
Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), Mr. Rob McEwen, a Global Commodity Group based in Singapore, Mr. Eric Sprott and Mr. Larry Childress.
For more information please contact:
Goliath Resources Limited Mr. Roger Rosmus Founder and CEO Tel: +1.416.488.2887roger@goliathresources.com www.goliathresourcesltd.com
Other
The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.
Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, 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 DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or 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 clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%.
Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.
All samples are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the Paragon Geochemical labs facilities in Surrey, BC or ALS labs facilities in North Vancouver, BC. Paragon Geochemical is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. Samples submitted to Paragon received gold and silver analysis by photon assay whereby the entire sample is crushed to approximately 70% passing 2 mm mesh. The entire crushed sample is riffle split and weighed into multiple (300-500g) jars that are submitted for photon assay. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, causing them to emit secondary gamma rays, which are measured to identify and quantify the metals present. The assays from all jars are combined on a weight-averaged basis. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric, and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.
Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: Au 2797.16 USD/oz, Ag 31.28 USD/oz, Cu 4.25 USD/lbs, Pb 1955.58 USD/ton and Zn 2750.50 USD/ton on January 31st, 2025. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.
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 the Company to complete 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.
There is no way of telling when the stock market will turn around. It’s found in the Stock Lists tab along the top of Investors.com. The list holds industry group leaders that meet high standards for earnings and price performance.
Investing.com — Goldman Sachs initiated research coverage on U.S. agricultural input stocks, favoring defensive and value plays in a weakening agricultural macro environment. “We believe the ag macro is still in the process of settling lower from the peak caused by the Russia/Ukraine War,” analyst at Goldman Sachs said. The brokerage issued "Buy" ratings on Corteva (NYSE:CTVA), FMC Corp (NYSE:FMC), and Mosaic, while assigning a "Neutral" rating to CF Industries (NYSE:CF) and a "Sell" rating to Nutrien (NYSE:NTR).
Goldman noted that the agricultural sector is still normalizing from the price surge caused by the Russia-Ukraine war, with corn, a key proxy, expected to stabilize in the $3-$4 per bushel range, similar to levels seen from 2014 to 2020. While a stronger-than-expected spring 2025 planting season could provide near-term support, the firm expects the downward trend to resume later in the year.
Among agricultural inputs, seeds remain the most resilient business in a weaker commodity cycle, according to Goldman. The firm sees strong pricing power and cost advantages in Corteva’s North American seed business, which is undergoing a long-term competitive reset.
Agricultural chemicals also offer defensive qualities as farmers prioritize pest control, though year-to-year volatility remains a factor. Goldman expects FMC to better manage inventory destocking and new product launches, countering recent market concerns.
For fertilizers, Goldman favors phosphate exposure through Mosaic over nitrogen and potash, citing strong demand from battery production. The firm warned that U.S. tariffs and new supply from Canada’s Jansen mine could pressure potash prices starting in 2026.
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Wallbridge Mining Company Limited
TORONTO, March 13, 2025 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has received final assay results from the 2024 exploration drilling program carried out by Agnico Eagle Mines (“Agnico”) on the Detour East property located approximately 55 kilometres west of its 100% owned Fenelon Gold Project (“Fenelon”) and 25 kilometres east of Agnico’s Detour Lake gold mine. Agnico holds an option to earn a 75% interest in the Detour East Property, which is currently 100% owned by Wallbridge.
Assay highlights include:
-
9.95 g/t Au over 0.5 metres in hole DTE-24-55, which drilled a previously untested target located along the Sunday Lake Deformation Zone (“SLDZ”) within a few hundred metres of Wallbridge’s neighboring Casault property
-
1.34 g/t Au over 3.0 metres in hole DTE-24-64 plus 1.27 g/t Au over 3.7 metres and 2.57 g/t Au over 2.1 metres in hole DTE-24-65, drilled on a previously identified target located along an accessory structure 2 kilometres north of the SLDZ near the boundary with the Casault property
-
1.43 g/t Au over 5.0 metres, 5.79 g/t Au over 1.0 metre and 7.02 g/t Au over 3.5 metres in hole DTE-24-66 and 2.2 g/t Au over 2.4 metres in hole DTE-24-68, drilled on the historic Lynx target located along the Massicotte Deformation Zone (“MDZ”)
“We believe these positive drill results, in combination with the completion of the airborne geophysical survey, represent another significant step forward toward a new gold discovery in the northern Abitibi region,” commented Brian Penny, Wallbridge CEO. “Since entering into the Detour East option agreement in late 2020, Agnico has invested approximately $5.5 million into exploring the property, with approximately $2.0 million of qualified expenditures remaining in order to acquire an initial 50% interest in the property. We look forward to continued positive exploration results at Detour East during 2025,” concluded Mr. Penny.
The 2024 exploration program at Detour East was conducted in two phases. The first involved the completion of a property-wide airborne Mobile Magnetotellurics (MT) geophysical survey totaling 1,923 line-kilometres to map bedrock lithology, structure and possible alteration and mineralization concealed beneath the extensive surficial overburden cover characteristic of the region. The results of the MT survey were used to identify prospective geologic and geophysical targets in proximity to the regional scale SLDZ, MDZ, and interpreted accessory fault structures as they extend across the northern and southern portions of the property.
The second phase involved the completion of a 14-hole diamond drilling program totaling 6,475 metres. Significant brittle-ductile style structural deformation hosting localized gold mineralization was intersected at multiple targets, confirming the locations of the main SLDZ and MDZ structures and accessory fault structures. Of the 14 holes drilled, 9 intercepted gold mineralization that may warrant further drilling. Gold mineralization occurs in association with quartz-sulfide and quartz-carbonate veining and breccia fillings. Additional details from the 2024 drilling program are provided in the summary table below:
|
Detour East Gold Project: 2024 Drill Assay Highlights |
|||||
|
Drill Hole |
From(m) |
To(m) |
Length(m) |
Au(g/t) |
Targeted Zone |
|
DTE-24-55 |
198.0 |
198.5 |
0.5 |
9.95 |
SLDZ |
|
DTE-24-56 |
234.0 |
236.0 |
2.0 |
0.53 |
SLDZ |
|
DTE-24-57 |
No significant assays reported |
MDZ |
|||
|
DTE-24-58 |
No significant assays reported |
MDZ |
|||
|
DTE-24-59 |
No significant assays reported |
MDZ |
|||
|
DTE-24-60 |
231.0 |
233.0 |
2.0 |
0.50 |
MDZ |
|
DTE-24-61 |
No significant assays reported |
MDZ |
|||
|
DTE-24-62 |
102.6 |
103.6 |
1.0 |
2.26 |
MDZ |
|
|
299.0 |
300.0 |
1.0 |
1.29 |
|
|
DTE-24-63 |
118.0 |
118.9 |
0.9 |
1.85 |
MDZ |
|
DTE-24-64 |
97.0 |
98.0 |
1.0 |
1.18 |
SLDZ |
|
|
188.0 |
194.3 |
6.3 |
0.72 |
|
|
|
223.0 |
226.5 |
3.5 |
0.45 |
|
|
|
251.0 |
253.0 |
2.0 |
0.75 |
|
|
|
267.0 |
270.5 |
3.5 |
0.87 |
|
|
|
431.0 |
434.0 |
3.0 |
1.34 |
|
|
DTE-24-65 |
183.3 |
187.0 |
3.7 |
1.27 |
SLDZ |
|
|
209.8 |
211.9 |
2.1 |
2.57 |
|
|
DTE-24-66 |
87.0 |
92.0 |
5.0 |
1.43 |
MDZ |
|
|
115.0 |
116.0 |
1.0 |
5.79 |
|
|
|
123.0 |
126.5 |
3.5 |
7.02 |
|
|
|
129.2 |
130.1 |
0.9 |
1.58 |
|
|
DTE-24-67 |
No significant assays reported |
MDZ |
|||
|
DTE-24-68 |
88.0 |
89.0 |
1.0 |
1.25 |
MDZ |
|
|
93.5 |
96.3 |
2.8 |
0.70 |
|
|
|
124.5 |
126.9 |
2.4 |
2.20 |
|
|
|
132.3 |
137.7 |
5.4 |
0.57 |
|
|
Notes |
|||||
|
1 Assay results are presented in summary format as reported by Agnico to Wallbridge. |
|||||
|
2 As these are exploration results, accurate estimation of true interval widths have not been determined. |
|||||
|
|
|||||
Links to a drill hole location map and an example cross-section for drill holes reported in this news release are provided here: Detour East Project: 2024 Drill Hole Location Map & Cross-Sections
The Detour East property is a 231 km2 claim block that comprises part of the Company’s 830 km2 Detour-Fenelon Gold Project land package. It covers approximately 20 km of the SLDZ and approximately 15 km of the MDZ as they extend east from the Québec-Ontario border. Under terms of the Detour East option agreement, Agnico has the option to acquire an initial 50% ownership interest in the property by funding expenditures of $7.5 million by November 23, 2025.
Upon Agnico exercising its option to earn the initial 50% interest, a joint venture will be formed and Agnico will have a second option to earn an additional 25% interest in the property by completing an additional $27.5 million in qualified work expenditures within 5 years of entering into the joint venture agreement, for a total undivided 75% interest in the property. Agnico is the project operator during the full term of the option period. There is a NSR royalty of 2%, relating to the entirety of the property, payable to a former owner, which may be repurchased at any time for $1.0 million for the first 50% of the NSR interest and $2.0 million for the remainder.
Quality Assurance / Quality Control
Agnico Eagle Mines Limited maintains a Quality Assurance/Quality Control ("QA/QC") program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of blanks and certified reference materials, and completion of secondary check analyses performed at a separate independent accredited laboratory.
Drill core is halved and shipped in sealed bags to ALS Minerals in Timmins, Ontario for sample preparation. Samples are logged in the tracking system, weighed, dried, and finely crushed to better than 70% passing a 2 mm screen per preparation code CRU-31. A split of up to 500 g is taken using a Boyd rotary splitter and pulverized to better than 85% passing a 75 µm screen per code PUL-32m.
A 200g split is sent to ALS Minerals in Vancouver for analysis. Samples are assayed for gold using fire assay techniques on a 50 g sample with atomic absorption spectroscopy finish (Au-AA24). Samples with >10 g/t Au are reanalyzed with a gravimetric finish (Au-GRA22). Samples containing visible gold are analyzed using a screen metallics procedure and followed with a silica wash of equipment per request by Exploration personnel. A high-grade standard is placed before the sample with visible gold within the previous 10 samples and a blank sample is inserted immediately after the sample with visible gold.
ALS Minerals operates under a Quality Management System that conforms to the requirements of ISO/IEC 17025.
Qualified Person
The Qualified Person responsible for the technical content of this news release is Mr. Mark A. Petersen, M.Sc., P.Geo. (OGQ AS-10796: PGO 3069), Senior Exploration Consultant for Wallbridge.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Québec’s Northern Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 830 km2 that extends approximately 97 kilometers along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
|
Brian Penny, CPA, CMACEOEmail: bpenny@wallbridgemining.comM: +1 416 716 8346 |
|
Tania Barreto, CPIRDirector Investor RelationsEmail: tbarreto@wallbridgemining.comM: +1 289 819 3012 |
|
|
|
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Cautionary Note Regarding Forward-Looking Information
The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include, but is not limited to: exploration by Agnico or the Company on the Detour East property; the Company’s exploration plans; the future prospects of Wallbridge; statements regarding the results of the PEA; future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates (“MRE”) at the Fenelon and Martiniere properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; and failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.
Wallbridge Mining Detour – Fenelon Gold Trend Properties
Wallbridge Mining Detour – Fenelon Gold Trend Properties
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Detour East Property – 2024 Drill Hole Locations |
|||||||||||||
|
Hole ID |
NorthingUTM_N |
EastingUTM_E |
Elevation(masl) |
Depth(m) |
Azimuth(Degrees) |
Dip(Degrees) |
Hole ID |
NorthingUTM_N |
EastingUTM_E |
Elevation(masl) |
Depth(m) |
Azimuth(Degrees) |
Dip(Degrees) |
|
DTE-24-55 |
5536321 |
624700 |
252 |
564 |
320 |
52 |
DTE-24-62 |
5533178 |
616235 |
244 |
510 |
200 |
52 |
|
DTE-24-56 |
5537731 |
621743 |
252 |
409 |
220 |
52 |
DTE-24-63 |
5533306 |
615975 |
259 |
450 |
220 |
52 |
|
DTE-24-57 |
5532842 |
618184 |
255 |
447 |
190 |
52 |
DTE-24-64 |
5540603 |
626990 |
261 |
510 |
172 |
52 |
|
DTE-24-58 |
5532553 |
619418 |
254 |
540 |
20 |
52 |
DTE-24-65 |
5540422 |
627011 |
261 |
402 |
172 |
52 |
|
DTE-24-59 |
5533335 |
620237 |
255 |
600 |
205 |
52 |
DTE-24-66 |
5532861 |
617812 |
255 |
402 |
0 |
58 |
|
DTE-24-60 |
5533069 |
620580 |
255 |
489 |
180 |
52 |
DTE-24-67 |
5532861 |
617812 |
255 |
300 |
0 |
76 |
|
DTE-24-61 |
5532923 |
621202 |
256 |
552 |
200 |
52 |
DTE-24-68 |
5532861 |
617812 |
255 |
300 |
340 |
58 |
|
Note: Coordinate system UTM NAD 83, Zone 17 |
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Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option 2024 Drill Hole Locations
Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option2024 Drill Hole Locations
Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option Cross Section – Drill Holes DTE-24-64 & 65, DTE-18-42A
Wallbridge Mining – Detour East Property – Agnico Eagle Mines OptionCross Section – Drill Holes DTE-24-64 & 65, DTE-18-42A
Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option Cross Section – Drill Holes DTE-24-66, 67 & 68
Wallbridge Mining – Detour East Property – Agnico Eagle Mines OptionCross Section – Drill Holes DTE-24-66, 67 & 68
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/45ce6add-f526-4343-b615-802ca9456d4b
https://www.globenewswire.com/NewsRoom/AttachmentNg/a2799adf-1f00-4cd2-ba64-bb11174131d1
https://www.globenewswire.com/NewsRoom/AttachmentNg/93087d87-f31b-4bb7-aab9-cb153539ebf1
https://www.globenewswire.com/NewsRoom/AttachmentNg/2c67a194-d2c2-450f-bc2d-db36a9f441da
LONDON (AP) — A lawyer argued Thursday that global mining giant BHP Group should be held liable for Brazil’s worst environmental disaster 10 years ago when a dam collapse poured tons of toxic mining waste into a major waterway that killed 19 people and devastated villages.
High Court Justice Finola O’Farrell said she would rule later in the class action case in which claimants are seeking 36 billion pounds ($47 billion) in damages from Australia-based BHP. The case was filed in Britain because one of BHP’s two main legal entities was based in London at the time.
BHP owns 50% of Samarco, the Brazilian company that operates the iron ore mine where the tailings dam ruptured on Nov. 5, 2015. Enough mine waste to fill 13,000 Olympic-size swimming pools poured into the Doce River in southeastern Brazil.
“As a result of its heavy involvement in Samarco’s operations, BHP had many opportunities to avert disaster but failed to do so and instead kept allowing and encouraging the dam to be raised by constantly pushing for ever greater production by Samarco,” attorney Alain Choo Choy said in his closing argument.
A defense lawyer had argued that BHP did not own or operate the Fundao dam and the company was not responsible for the pollution. The company also said a deadline to bring the claims had expired before the lawsuit was filed on behalf of 600,000 Brazilians.
Sludge from the burst dam destroyed the once-bustling village of Bento Rodrigues in Minas Gerais state and badly damaged other towns.
The disaster killed 14 tons of freshwater fish and damaged 660 kilometers (410 miles) of the Doce River, according to a study by the University of Ulster. The river, which the Krenak Indigenous people revere as a deity, has yet to recover.
The trial began in October, just days before Brazil’s federal government reached a multibillion-dollar settlement with the mining companies.
Under the agreement, Samarco — which is also half owned by Brazilian mining giant Vale — agreed to pay 132 billion reais ($23 billion) over 20 years. The payments were meant to compensate for human, environmental and infrastructure damage.
BHP had said the U.K. legal action was unnecessary because it duplicated matters covered by legal proceedings in Brazil.
Speaking to journalists at an online conference after the hearing, lawyers and victims said they were hopeful BHP would be convicted.
José Eduardo Cardozo, Brazil’s former justice minister and a lawyer in the case, said the evidence against the company was overwhelming.
Pamela Fernandes, whose 5-year-old daughter, Emanuelle, died in the disaster, has been making trips to London since last year to attend the trial proceedings.
“Just knowing that the trial has come to an end — today was the closing arguments — I already feel very relieved,” Fernandes said. “Being here is very painful. ”
We recently published a list of 12 52-Week Low Dividend Stocks To Avoid. In this article, we are going to take a look at where FMC Corporation (NYSE:FMC) stands against other 52-week low dividend stocks to avoid.
Navigating the stock market can feel like sailing through stormy seas when certain stocks hit their 52-week lows. The dip may seem like a golden opportunity to some investors, but stocks that have dropped significantly—especially those with a 12-month share price decline of 25% or more—may carry hidden risks.
In this article, we will explore 12 dividend stocks ranked by their 12-month share price decline, which serves as a key indicator of potential problems, including financial instability or market pressures that could turn what seems like an opportunity into a trap.
READ ALSO: 14 Best Performing Dividend Stocks To Buy Now
However, even the stock with a highly appealing dividend yield may have to be avoided when trading at its 52-week low. This leads to the question – “Is a 52-week low a red flag?” And the answer is yes. Stocks reaching their 52-week low tell us they are experiencing declining revenues, management challenges, or broader industry downturns. The scenario is worse if it’s a dividend-paying stock. Inflated dividend yield masking deeper problems has frequently been seen in declining stocks to make them attractive to investors.
It shows that the seductiveness of the high dividend yields can also mean trouble. Investors focusing on the dividend yield rise sometimes forget to see the declining stock price, thereby falling into a trap – the phenomenon also called the dividend trap. For instance, in one of their recent articles, Barron pointed out a few food companies that were seeing their stock prices decline due to various challenges. Barron reported that these declines were making their high dividend yields less appealing.
The unsuspecting dividend trap does not mean that investors should focus on growth stocks instead of dividend stocks. The latter remains a haven for investors looking for stable income and capital appreciation. However, it is essential for investors looking for dividends to prioritize quality over sheer yield. Focusing on the companies’ financial stability, consistency of their earnings growth, and sustainability in their payout ratios can potentially lead the investors to a more reliable return in the long term. When stressing the importance of quality investing, Bloomberg also noted that growth companies trading at unreasonably high values can eat into future returns, even if their growth expectations are realized, and hence advocating for quality investing, where identifying the strong fundamentals of the companies takes priority.
In this regard, as we venture into our article and list out 12 dividend stocks currently at their 52-week lows, we will be focusing on the fundamentals of the company and the reasons behind their declines to provide the investors with an opportunity to make informed investment decisions instead of falling into a dividend trap.
The allure of high dividends may be strong, but we must be thoroughly sure of the underlying company’s health. Remember that a high yield from a sinking ship won’t keep us afloat.
Our Methodology
We used a screening process to compile our list of 12 dividend stocks with a 52-week low. The stocks are ranked based on their 12-month share price decline, with those that have experienced the largest declines at the top. We also focused on stocks with a minimum dividend yield of 3%, ensuring they remain viable dividend-paying stocks for consideration. Primarily, we included stocks with a decline of at least 25% in their share price over the past 52 weeks, indicating the continuous downward pressure during the year. By setting the dividend payout ratio at 90% or less, we filtered out stocks with excessively high payout ratios, which signals overcompensation. We limited our analysis to companies with a market capitalization of at least $1 billion to remain focused on established enterprises. The stocks in our list are ranked based on a 12-month share price decline, thereby solidifying our list with data reasoning. We additionally used hedge fund portfolios from our Insider Monkey database to report to our readers how strongly hedge funds back the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is FMC Corporation (FMC) the 52-Week Low Dividend Stock To Avoid?
A laboratory technician carefully mixing chemicals in a laboratory.
FMC Corporation (NYSE:FMC)
52-week Decline as of March 7: 34.87%
Dividend yield: 5.62%
Number of Hedge Funds: 48
FMC Corporation (NYSE:FMC), located in Pennsylvania, the U.S., is a global agricultural sciences company. The company specializes in providing crop protection solutions, including herbicides, insecticides, and fungicides. It has an international presence, including India, where the company is a leader in crop protection solutions. With solutions like the Arc™ farm intelligence platform, the company offers help to monitor pests and optimize operations.
FMC Corporation (NYSE:FMC)’s stock reached a 52-week low of $33.80 and was trading at $41.29, reflecting a 34.87% decline over the past 52 weeks. The headwinds faced by the market because of low demand for agricultural products caused the company’s revenue to decline by 5%. The Chairman and CEO of the company, Pierre Brondeau, made the following statement after the stocks plunged to a 52-week low.
“…customers in many countries sought to hold significantly less inventory than they have historically. This dynamic and more pronounced FX impacts acted as a headwind to further growth.”
The institutional confidence appears mixed with 48 hedge funds still holding positions in FMC, as per Insider Monkey’s database of Q4 2024.
FMC Corporation (NYSE:FMC) offers a competitive dividend yield of 5.62%. The payout ratio stands at 72.27%, demonstrating a strong commitment to shareholder returns irrespective of the profitability pressures. Analysts have assigned a Hold rating to the stock, with a 1-year median price target of $48, representing a modest 16.25% upside. Though the long-term fundamentals are intact, the short-term uncertainties in the agricultural sector remain concerning.
Overall, FMC ranks 9th on our list of 52-week low dividend stocks to avoid. While we acknowledge the potential for FMC as an investment, our conviction lies in the belief that some AI stocks hold more significant promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ST==-LA but that trades at less than 5 times its earnings check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
McEwen Mining (MUX) has completed a non-brokered private placement with Goliath Resources, acquiring
Goliath Resources Limited
TORONTO, March 10, 2025 (GLOBE NEWSWIRE) — Further to its press releases dated January 29, 2025 and February 18, 2025, Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce it has closed its strategic non-brokered private placement of 5,181,347 units of the Company (“Units”) to McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen”), an arm’s length party to the Company, at a deemed price of C$1.93 per Unit in exchange for the issuance to the Company of an aggregate of 868,056 shares of common stock of McEwen (“McEwen Shares”) at a deemed price of C$11.52 per McEwen Share (the “Transaction”), pursuant to the terms of a subscription agreement. On closing of the Transaction, McEwen owns ~5.4% and Mr. Rob McEwen owns ~3.9% of Goliath on a partially diluted basis.
Robert McEwen, Chairman & Chief Owner, commented: “I have been impressed with Goliath’s Surebet gold discovery since I became a shareholder in 2023. Their 2024 drilling season was particularly impressive, 92% of their drill holes had visible gold. Grassroots high-grade gold discoveries are exceedingly rare worldwide. Drill baby, drill, keep these great results coming.”
Roger Rosmus, Founder & Chief Executive Officer of Goliath, commented: “It is with great pleasure to announce the completion of the strategic investment from McEwen Mining. Mr. McEwen has made three personal investments in Goliath, and we are delighted to have him and his company as key strategic cornerstone shareholders. The endorsement of our Surebet discovery through McEwen Mining and Mr. McEwen is exciting to us for key reasons. Rob is a member of the Canadian Mining Hall of Fame due to his success building Goldcorp and as a strategic investor in the mining sector. We are looking forward to our upcoming 2025 drilling season.”
Each Unit is comprised of one (1) common share in the capital of the Company (each, a “Common Share”) and one-half of one (1/2) common share purchase warrant (each whole common share purchase warrant, a “Warrant”), resulting in the issuance of an aggregate of 2,590,673 Warrants. Each Warrant entitles the holder thereof to purchase one (1) Common Share at an exercise price of C$2.50 per Common Share for a period of 12 months from the date of issuance. All securities issued pursuant to the Transaction will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.
In addition to the subscription agreement, the Company, McEwen and Mr. Robert McEwen entered into a standstill agreement, pursuant to which McEwen and Mr. McEwen agreed to, among other things, not acquire, offer to acquire or agree to acquire (with or without conditions) any securities of the Company exceeding 9.9% of the issued and outstanding Common Shares or any material assets or liabilities of the Company or its affiliates, without the prior written consent of the Company for a period of two years.
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is also a director of the Company.
About Goliath Resources Limited
Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), Mr. Rob McEwen, a Global Commodity Group based in Singapore, Mr. Eric Sprott and Mr. Larry Childress.
For more information please contact:Goliath Resources LimitedMr. Roger RosmusFounder and CEOTel: +1.416.488.2887roger@goliathresources.comwww.goliathresourcesltd.com
This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Transaction. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
We recently published a list of 10 Best Australian Stocks to Buy According to Billionaires. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other best Australian stocks to buy according to billionaires.
Australian Market Outlook 2025
In December 2024, Ausbil Investment Management Limited released its equity market outlook 2025. Ausbil anticipates Australia’s economic growth will improve heading into 2025, supported by global monetary easing and Australia’s low unemployment rates. It foresees the Reserve Bank of Australia (RBA) potentially reducing rates in 2025, aligning with other central banks, which could boost earnings growth and revitalize cyclical demand. Moreover, the report also expects earnings growth across various sectors to exceed market expectations. However, geopolitical risks, particularly potential trade wars under a newly elected President Trump, pose the most significant threat. If you want to read more about the recent tariffs imposed by the US you can look at the 10 Most Undervalued High Quality Stocks to Buy According to Analysts and 11 Best Undervalued Stocks to Invest in Now.
Ausbil’s general outlook is that a Trump presidency will favor business and markets, but trade changes could cause disruptions and opportunities. It identifies potential in several sectors and expects earnings growth to surpass consensus estimates in FY25. In contrast to widespread recession predictions since late 2023, Ausbil has maintained a more positive view. Australia’s GDP is projected to recover in the latter half of 2024, averaging 1.4%, and further increase to a trend pace of 2.5% in 2025. Household consumption is expected to contribute less of a drag on economic activity. On the other hand, while the labor market remains strong, a slight increase in the unemployment rate to 4.2% is anticipated as labor supply grows and demand relatively slows. Despite this, the economy is expected to maintain its broad-based gains over the past 50 years, which is good news for companies whose earnings depend on household spending. The report expects that the structural demand for resources and a favorable interest rate differential should strengthen the Australian dollar, with forecasts predicting it will rise to US70 cents and the trade-weighted basket will increase.
Ausbil expects that Australia’s global interest rate participation will ease in 2025, which is anticipated to support high-quality resource and energy companies. Moreover, the report also expects the earnings growth to recover more than the market anticipates in FY25, broadening across sectors and market capitalization. The FY24 reporting season was weak due to high inflation, higher interest rates, and softness in China. However, looking to 2025, the report foresees relief for balance sheets and income statements from the RBA potentially starting to ease monetary policy, joining other developed markets, which would reduce debt costs.
Our Methodology
To curate the list of the 10 best Australian stocks to buy according to billionaires, we used the Finviz stock screener and Insider Monkey’s billionaire Q4 2024 database. Using the screener we aggregated a list of Australian stocks. Next, we checked the number of billionaires holding each stock and ranked them in ascending order of the number of holders. We have also added the total value of holdings along with the number of hedge funds holding each stock, sourced from Insider Monkey’s Q4 2024 hedge funds database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is BHP Group Limited (BHP) the Best Australian Stock to Buy According to Billionaires?
An aerial view of a mining operation in action, with large trucks and yellow diggers.
BHP Group Limited (NYSE:BHP)
Number of Hedge Fund Holders: 28
Number of Billionaire Investors: 7
Total Value of Billionaire Holdings: $1.14 billion
BHP Group Limited (NYSE:BHP) is an Australian multinational mining and metals company headquartered in Melbourne. It is one of the world’s largest mining companies based on market capitalization. The company specializes in the mining and selling of commodities, including iron ore, copper, coal, nickel, and potash. On March 7, Morgan Stanley analyst Rahul Anand maintained a Buy rating on the stock with a price target of A$48.50.
For the year ending in June 2024, the company reported a 3% revenue increase to $55.7 billion, mainly due to high iron ore and copper prices. However, attributable profit sharply dropped by almost 39%, from $12.9 billion in 2023 to $7.9 billion in 2024, due to lower energy coal and nickel prices. Moreover, during the first half of 2025, copper production increased by 10% year-over-year and iron ore production improved by 2% quarter-over-quarter. Higher iron ore production was aided by enhanced supply chain management; however, weaker demand from China remains a prominent concern. It is one of the best Australian stocks to buy according to billionaires.
Overall, BHP ranks 2nd on our list of best Australian stocks to buy according to billionaires. While we acknowledge the potential of BHP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BHP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
We recently compiled a list of the 10 Stocks End With Solid Performance. In this article, we are going to take a look at where Harmony Gold Mining Company Limited (NYSE:HMY) stands against the other stocks.
The stock market ended the trading week in the green territory with all major indices recording gains as investors digested latest US jobs data which fell short of expectations.
The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.
Ten companies across mixed sectors also mirrored a broader market optimism, booking modest gains during the end of the trading week. In this article, we have named the 10 top performers on Friday and detailed the reasons behind their performance.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Is Harmony Gold (HMY) Close Shortened Trading Week Higher?
An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley.
Harmony Gold Mining Company Limited (NYSE:HMY)
Harmony Gold Mining Company Limited (NYSE:HMY) extended its winning streak for a fifth straight day on Friday to end 9.12 percent higher at $11.84 apiece as investor sentiment remained fueled by its stellar earnings performance in the first half of fiscal year 2025.
In a statement, Harmony Gold Mining Company Limited (NYSE:HMY) said net income in the first semester grew 33 percent to R7.9 billion from R5.96 billion in the same period a year earlier, as revenues rose 18 percent to R37.1 billion from R31.4 billion, and gold revenues increased 19 percent to R35.4 million from R29.7 million.
Total gold production, meanwhile, decreased by 4 percent but was in line with the company’s expectations.
Harmony Gold Mining Company Limited (NYSE:HMY) is a leading gold producer that operates mining projects across South Africa, Papua New Guinea, and Australia.
Overall HMY ranks 8th on our list of Friday's top performers. While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HMY but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
Investors in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) had a good week, as its shares rose 9.7% to close at US$42.10 following the release of its full-year results. The statutory results were not great – while revenues of US$4.5b were in line with expectations,Sociedad Química y Minera de Chile lost US$1.42 a share in the process. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
See our latest analysis for Sociedad Química y Minera de Chile
NYSE:SQM Earnings and Revenue Growth March 8th 2025
After the latest results, the 14 analysts covering Sociedad Química y Minera de Chile are now predicting revenues of US$4.68b in 2025. If met, this would reflect a reasonable 3.4% improvement in revenue compared to the last 12 months. Sociedad Química y Minera de Chile is also expected to turn profitable, with statutory earnings of US$3.04 per share. Before this earnings report, the analysts had been forecasting revenues of US$4.95b and earnings per share (EPS) of US$3.53 in 2025. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a real cut to earnings per share numbers.
Despite the cuts to forecast earnings, there was no real change to the US$52.71 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Sociedad Química y Minera de Chile, with the most bullish analyst valuing it at US$80.00 and the most bearish at US$36.00 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Sociedad Química y Minera de Chile's past performance and to peers in the same industry. We would highlight that Sociedad Química y Minera de Chile's revenue growth is expected to slow, with the forecast 3.4% annualised growth rate until the end of 2025 being well below the historical 27% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 4.3% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Sociedad Química y Minera de Chile.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$52.71, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Sociedad Química y Minera de Chile going out to 2027, and you can see them free on our platform here..
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Sociedad Química y Minera de Chile that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
We recently compiled a list of the 10 Most Undervalued Mid Cap Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where FMC Corporation (NYSE:FMC) stands against the other undervalued mid cap stocks.
Mid-cap stocks are often seen as a balanced investment option. They offer a mix of growth potential and financial stability, and have historically outperformed large-cap and small-cap stocks over longer periods for this reason, as mentioned earlier in February by Simeon Hyman, Global Investment Strategist at ProShares Advisors. We covered his detailed sentiment in our 10 Best Performing Mid Cap Stocks to Buy According to Analysts article. Mid-caps are considered undervalued in some cases and provide opportunities for investors seeking quality at a discount. Their domestic focus and higher earnings quality compared to small caps make them an attractive choice for stable growth.
This sentiment was covered earlier on January 25 by Jill Carey Hall, BofA global research head of US small and mid cap strategy. She appeared on CNBC's 'Closing Bell' to discuss small cap headwinds and the opportunity in domestic mid caps due to a tough backdrop for the Russell 2000. The profits growth recovery story for small caps, which many investors were optimistic about last year, has continued to be revised downward and pushed further into 2025. As a result, small-cap profits have continued to disappoint, with negative year-over-year earnings growth still prevalent. In contrast, mid-caps have shown better fundamentals. Hall emphasized that if the market broadens out, mid-caps could offer the best risk-reward, especially in an environment where multiple rate cuts have been priced out of the market. Her economists at BofA expect the Fed to remain on hold without further cuts. This scenario poses refinancing risks for small caps, which have reemerged as rate risks have increased. Mid-caps, however, have better balance sheets and fundamental trends, making them a preferable choice within the small and mid-cap space.
Interest rates also influence small-cap performance. Despite optimism around the economy and potential policies from Trump 2.0, small caps have struggled to achieve sustained gains after brief rallies. Historically, small caps have underperformed for over a decade. While relative valuations suggest they could outperform over the next decade, near-term challenges persist. Investors are cautious due to high expectations and ongoing profit disappointments. Hall noted that rate stabilization or potential rate cuts could support small caps, but Fed policy has been a major driver of recent volatility in this segment. For instance, December marked the worst month for small-cap performance relative to large caps in over 25 years following a hawkish Fed meeting. This year, Hall recommended focusing on companies with strong profits, lower leverage, reduced refinancing risks, or economic sensitivity. Financials appear well-positioned to benefit from potential deregulation or an uptick in M&A. Additionally, stocks with upward earnings revisions have outperformed recently and remain attractive targets.
Methodology
We used the Finviz stock screener to compile a list of the top mid-cap stocks that were trading between $2 billion and $10 billion, and had a forward P/E ratio under 15 each. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 900 elite money managers.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A laboratory technician carefully mixing chemicals in a laboratory.
FMC Corporation (NYSE:FMC)
Forward P/E Ratio as of March 5: 10.34
Number of Hedge Fund Holders: 48
FMC Corporation (NYSE:FMC) is a global agricultural sciences company. It empowers farmers worldwide by delivering a portfolio of crop protection solutions. These include insecticides, herbicides, fungicides, and biologicals that are designed to enhance crop yield and quality.
The company's line of diamide insecticides makes major contributions to its overall growth and revenue. These are a class of synthetic insecticides that disrupt insect muscle function, which leads to paralysis and death. Rynaxypyr insecticide of this line is in the $5 billion caterpillar control market, and is transitioning to a post-patent phase. This will introduce generic competition by 2026. The company will counter this by offering lower-priced and branded solo formulations.
Manufacturing cost reductions for Rynaxypyr will impact partner sales due to cost-plus pricing, which will contribute to a forecasted decline in 2025 Rynaxypyr sales. FMC Corporation (NYSE:FMC) is prioritizing channel inventory reduction, which will also affect 2025 sales. Following a 2025 correction, Rynaxypyr is projected to achieve high single-digit growth. 2025 will be a pivotal year and will set the company's growth trajectory for 2026 and 2027.
Overall FMC ranks 10th on our list of the most undervalued mid cap stocks to buy according to hedge funds. While we acknowledge the potential of FMC as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FMC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.
Disclosure: None. This article is originally published at Insider Monkey.
The Australian market has been experiencing turbulence, with the ASX 200 futures indicating a further downturn and concerns over stalled household spending. Despite these challenges, opportunities can still be found in certain investment areas, such as penny stocks. While the term “penny stocks” may seem outdated, it remains relevant for identifying smaller or newer companies that could offer potential growth when backed by strong financial health.
Top 10 Penny Stocks In Australia
|
Name |
Share Price |
Market Cap |
Financial Health Rating |
|
EZZ Life Science Holdings (ASX:EZZ) |
A$1.68 |
A$79.25M |
★★★★★★ |
|
GTN (ASX:GTN) |
A$0.52 |
A$102.12M |
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IVE Group (ASX:IGL) |
A$2.38 |
A$368.64M |
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Regal Partners (ASX:RPL) |
A$3.10 |
A$1.04B |
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Bisalloy Steel Group (ASX:BIS) |
A$3.27 |
A$156.64M |
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West African Resources (ASX:WAF) |
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GR Engineering Services (ASX:GNG) |
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MotorCycle Holdings (ASX:MTO) |
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CTI Logistics (ASX:CLX) |
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Accent Group (ASX:AX1) |
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Click here to see the full list of 1,012 stocks from our ASX Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Aurelia Metals Limited is an Australian company focused on the exploration and production of mineral properties, with a market cap of A$363.69 million.
Operations: The company’s revenue is derived from its operations at the Peak Mine (A$245.13 million), Dargues Mine (A$73.90 million), and Hera Mine (A$5.98 million).
Market Cap: A$363.69M
Aurelia Metals has shown a turnaround by becoming profitable in the past year, with net income of A$17.95 million for the half year ended December 31, 2024, compared to a net loss previously. The company’s short-term assets significantly exceed both its short and long-term liabilities, indicating strong financial health. Despite having more cash than total debt and operating cash flow covering debt well over expectations, the board and management are relatively inexperienced with average tenures under three years. While trading below estimated fair value, interest coverage remains slightly below optimal levels at 2.6 times EBIT.
ASX:AMI Revenue & Expenses Breakdown as at Mar 2025Fleetwood
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Fleetwood Limited, with a market cap of A$222.78 million, operates in Australia and New Zealand by designing, manufacturing, selling, and installing modular accommodation and buildings.
Operations: The company’s revenue is derived from three main segments: Building Solutions (A$340.12 million), RV Solutions (A$71.51 million), and Community Solutions (A$50.02 million).
Market Cap: A$222.78M
Fleetwood Limited, with a market cap of A$222.78 million, has demonstrated mixed performance as a penny stock. The company’s recent half-year earnings showed an increase in sales to A$271.94 million and net income of A$4.66 million, indicating some growth despite lower profit margins than the previous year. Fleetwood’s dividend yield of 9.62% is not well covered by earnings, raising sustainability concerns despite the recent dividend increase announcement. The company remains debt-free with short-term assets exceeding liabilities, yet its return on equity is low at 2.7%. Earnings are forecast to grow significantly at 37.41% annually according to consensus estimates.
ASX:FWD Financial Position Analysis as at Mar 2025Kingsgate Consolidated
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Kingsgate Consolidated Limited is involved in the exploration, development, and mining of gold and silver mineral properties, with a market capitalization of A$353.12 million.
Operations: Kingsgate Consolidated Limited generates revenue primarily from its Chatree segment, amounting to A$210.69 million.
Market Cap: A$353.12M
Kingsgate Consolidated Limited, with a market cap of A$353.12 million, has shown significant earnings growth of 1203% over the past year, driven by its Chatree segment revenue of A$210.69 million. The company’s short-term assets cover its liabilities and it maintains a satisfactory net debt to equity ratio of 17.9%. Despite recent executive changes with the departure of CFO Dan O’Connell, Kingsgate’s financial leadership remains stable during this transition period. Trading at good value compared to peers and industry, Kingsgate’s return on equity is outstanding at 74.4%, though earnings are forecast to decline by an average of 14.3% annually over the next three years according to consensus estimates.
ASX:KCN Financial Position Analysis as at Mar 2025Taking Advantage
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ASX:AMI ASX:FWD and ASX:KCN.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Ero Copper ERO reported fourth-quarter 2024 adjusted earnings per share of 17 cents, which missed the Zacks Consensus Estimate of 21 cents. The bottom line declined 19% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Including one-time items, ERO reported a loss of 47 cents per share in the fourth quarter of 2024 against earnings of 37 cents in the fourth quarter of 2023.
Ero Copper Corp. Price, Consensus and EPS Surprise
Ero Copper Corp. price-consensus-eps-surprise-chart | Ero Copper Corp. Quote
Ero Copper’s Margins Improve Y/Y in Q4
ERO’s revenues were $122.5 million in the quarter under review, up 5.2% from the year-ago quarter. The top line missed the Zacks Consensus Estimate of $130 million.Copper C1 cash costs for the quarter were $1.85 in the fourth quarter of 2024 compared with $1.75 in the fourth quarter of 2023. Gold C1 cash costs for the fourth quarter of 2024 were $744 compared with $413 in the year-ago quarter. All-in Sustaining Costs (AISC) for the same period were $1,691 compared with $991 in the fourth quarter of 2023.Gross profit rose 25.3% year over year to $52.4 million. ERO’s adjusted EBITDA improved 17.5% year over year to $59 million in the fourth quarter of 2024. The adjusted EBITDA margin was 48.2% compared with 43.2% in the year-ago quarter.
ERO’s Production Details
Ero Copper produced 8,566 tons of copper in the fourth quarter of 2024 compared to the prior-year quarter’s 11,760 tons. Copper production was 35,444 tons in 2024, down 19.2% from 2023. Gold production was 8,936 ounces in the fourth quarter, resulting in a production of 59,222 ounces in 2024. The company produced 16,867 ounces of gold in the fourth quarter of 2023 and 59,222 ounces in 2023.
Ero Copper’s 2024 Results
ERO reported adjusted earnings per share of 78 cents, which missed the Zacks Consensus Estimate of 86 cents. Earnings declined 10% year over year.Including one-time items, the company reported a loss of 66 cents per share in 2024 against earnings of 98 cents in 2023.ERO Copper’s revenues grew 10% year over year to $430 million in 2024, missing the consensus estimate of $464 million.
ERO’s Cash Position
Ero Copper’s available liquidity at 2024-end was $90 million, including cash and cash equivalents of $50 million, and $15 million of undrawn availability under the company's senior secured revolving credit facility. The company’s cash and cash equivalents figure decreased from $111.7 million in 2023.The company generated $145 million from cash flow in operating activities compared with the $163 million reported last year.
Ero Copper’s Guidance for 2025
In 2025, the company expects consolidated copper production between 75,000 tons and 85,000 tons in concentrate. Gold production from Xavantina operations is projected to be 50,000-60,000 ounces.Copper C1 cash cost guidance on a consolidated basis is expected between $1.55 and $1.80 for the year. At the Xavantina Operations, the gold C1 cash costs are expected between $650 and $800, reflecting a planned decrease in mined and processed gold grade. The company has set a gold AISC guidance between $1,400 and $1,600.
ERO Stock’s Price Performance
Shares of Ero Copper have lost 25.4% in a year against the industry’s 3% growth.
Zacks Investment Research
Image Source: Zacks Investment Research
ERO Copper’s Peer Performances
Southern Copper Corporation SCCO reported fourth-quarter 2024 earnings of $1.01 per share, which marginally missed the Zacks Consensus Estimate of $1.02. The bottom line, however, marked a 74% surge from the year-ago quarter. Results were driven by higher sales volumes for copper, zinc and silver, and improved prices. SCCO registered revenues of $2.784 billion, beating the Zacks Consensus Estimate of $2.780 billion. The top line increased 21.3% year over year.Freeport-McMoRan Inc. FCX recorded net income of $274 million or 19 cents per share for fourth-quarter 2024, down 29.3% from $388 million or 27 cents per share in the year-ago quarter.FCX’s revenues declined 3.1% year over year to $5.72 billion. The figure missed the Zacks Consensus Estimate of $5.92 billion. The company witnessed lower copper sales in the reported quarter.
ERO’s Zacks Rank & Stock to Consider
Ero Copper currently carries a Zacks Rank #5 (Strong Sell).A better-ranked stock from the basic materials space is Carpenter Technology Corporation CRS. It sports a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Carpenter Technology has an average trailing four-quarter earnings surprise of 15.7%. The Zacks Consensus Estimate for CRS’s 2025 earnings is pegged at $6.95 per share. CRS shares gained 219.3% last 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
Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
Ero Copper Corp. (ERO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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