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We recently published a list of Billionaire Stanley Druckenmiller’s Top 10 Stock Picks. In this article, we are going to take a look at where Freeport-McMoRan Inc. (NYSE:FCX) stands against other stock picks of Billionaire Stanley Druckenmiller.

Druckenmiller on the Fed’s Actions

On November 6, billionaire Stanley Druckenmiller appeared in a podcast, In Good Company, hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. Druckenmiller shared his opinion on the easing cycle and the role of the Fed in the current economic backdrop. He shared that he is primarily keeping a close look at companies and is not seeing any signs of weakness, other than the housing market, that too because of elevated price levels. He also added that for the next 3 to 6 months, he does not expect any economic problems to overshadow the market.

Druckenmiller emphasized that the financial conditions are of more interest to him and that they have been very “loose, looser than they were when the Fed actually started tightening.” He is also particularly interested to see if the market is currently in the “70s rally since 2021” when the inflationary period started, expressing his concerns over inflation moving forward. In addition to inflationary concerns, Druckenmiller is also worried that the Fed had declared victory a tad bit early, lacking confidence in the current market backdrop.

He believes that with a 50 basis point cut, roaring equities, and no material weakness, the market may turn up again. Druckenmiller added that the Fed is “obsessed” with a soft landing and emphasized that “fine-tuning” and “worrying about a soft landing” is not their job. The reason why there is an urgency for a soft landing is because the Fed let the inflation rate jump in the first place, he added. Speaking of the Fed’s actions and forward guidance, Druckenmiller highlighted that the Fed believes that if it changes its due course of action, it may lose credibility, leaving its hands tied.

Stanley Druckenmiller is an American billionaire, investor, and founder of Duquesne Capital, with a net worth of $6.9 billion, as of December 14, 2024. Druckenmiller has made a fortune as a hedge fund manager for 30 big years and now manages money from his family office. He also worked with George Soros until 2000, a renowned investor known for shorting the pound in 1992. He also shares interesting opinions on the money market and the economy. In Q3 2024, Druckenmiller initiated 33 new positions, ending the quarter with a portfolio of $2.95 billion in 13F securities. With that, let’s discuss his top stock picks as of Q3 2024.

Our Methodology

We scanned Duquesne Capital’s Q3 2024 portfolio and picked the fund’s top 13F holdings. Additionally, we’ve also added overall hedge fund sentiment for each stock, as of Q3 2024.

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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

Why Freeport-McMoRan Inc. (FCX) is Among Billionaire Stanley Druckenmiller’s Stock Picks?

A large open-pit copper mine with heavy machinery extracting minerals from the earth.

Freeport-McMoRan Inc. (NYSE:FCX)

Duquesne Capital’s Stake Value: $68,737,000

Number of Hedge Fund Holders: 74

Freeport-McMoRan Inc. (NYSE:FCX) is a mining company that ranks eighth on our list of the top stock picks of Stanley Druckenmiller. The company is one of the largest producers of copper, gold, and molybdenum. While the company has expertise in several areas, it has an emphasis on long-lived copper assets. In the third quarter of 2024, copper and gold sales volume grew well above the July 2024 estimate and the levels from the third quarter of 2023. During the quarter, copper production reached 1.05 billion recoverable pounds, and sales were recorded at 1.04 billion recoverable pounds, 2% above the July 2024 estimate.

As of today, the company operates seven open-pit copper mines in North America, two copper mines in South America, and one of the largest copper and gold deposits in Indonesia through its subsidiary PT-FI. Towards the end of 2019, the subsidiary completed mining the final phase of the Grasberg open pit. From 1990 to 2019, the pit produced 33 billion pounds of copper and 53 million ounces of gold, including 27 billion pounds of copper and 46 million ounces of gold from the Grasberg open pit.

Overall, Freeport-McMoRan Inc. (NYSE:FCX) generated net income worth $526 million and $1.9 billion in operating cash flows in the third quarter of 2024. Consequently, consolidated sales for 2024 are expected to reach 4.1 billion pounds of copper, 1.8 million ounces of gold, and 80 million pounds of molybdenum. At the same time, the company expects production of gold and copper to exceed sales, representing 85 million pounds of copper and 85,000 ounces of gold in inventories for the next year. The company has a dominant position in the production and sale of copper, positioning it as a leader in the industry.

Overall, FCX ranks 8th on our list of Billionaire Stanley Druckenmiller’s stock picks. While we acknowledge the potential of FCX to grow, our conviction lies in the belief that certain 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 FCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Honey Badger Silver Inc. (TSXV:TUF) ("Honey Badger" or the "Company") is pleased to announce that is has closed the first tranche of the non-brokered private placement previously announced on November 21, 2024 (the "Offering"), through the issuance of 4,657,692 non-flow-through units (the "NFT Units") at a purchase price of $0.13 per NFT Unit (the "NFT Offering Price") and 687,500 flow-through shares ("FT Shares") at a purchase price of $0.16 per FT Share (the "FT Offering Price"), for total aggregate proceeds of $715,500 (the "First Tranche"). All dollar amounts in this news release are in Canadian funds.

As previously described, the Company anticipates that, upon the closing of additional tranches, the Offering will consist of a combination of NFT Units at the NFT Offering Price, and FT Shares at the FT Offering Price.

Each NFT Unit will consist of one non-flow-through common share of the Company and one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company for an exercise price of $0.18 per share for a period of 36 months from its date of issuance.

Each FT Share will consist of one flow-through common share of the Company.

The Company will use the proceeds of the sale of FT Shares in the Offering to fund programs to advance one or more of the Company's properties located in the Yukon, Northwest Territories, and Nunavut that will qualify, once renounced, as "flow-through mining expenditures", as that term is defined in the Income Tax Act (Canada). The Company intends to use the net proceeds of the sale of the NFT Units to fund programs to advance one or more of the Company's properties and for general and administrative purposes.

In connection with the First Tranche, the Company paid aggregate cash finder's fees of $7,250 and issued 51,875 non-transferable finder's warrants to certain arm's length finders. Each finder's warrant is exercisable to acquire one common share in the capital of the Company at a price of C$0.18 per share for a period of 36 months from its date of issuance.

The securities issued in connection with the Offering will be subject to a four-month and a day hold period. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange. Additional finder's fees may be payable in connection with the Offering.

Insider Participation

Chad Williams, Non-Executive Chairman and Director of the Company participated in the First Tranche of the Offering by subscribing for 2,307,692 NFT Units, which constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of Mr. Williams in the Offering in reliance of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed 25% of the Company's market capitalization as determined in accordance with MI 61-101. The Company obtained approval by the board of directors of the Company to the Offering, with Mr. Williams declaring and abstaining from voting on the resolutions approving the Offering with respect to his participation in the Offering. No materially contrary view or abstention was expressed or made by any director of the Company in relation thereto.

Caution to US Investors

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, 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.

About Honey Badger Silver Inc.

Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2,3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.

(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.

(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.

(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO

For more information please visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.

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.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "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 and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, risks relating to the anticipated completion of the Offering, capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Honey Badger Silver Inc.

Teck Resources TECK has entered into an option and joint venture agreement with Grid Metals Corp. to explore and develop the Mawka nickel project in southeastern Manitoba, Canada. Per the deal, TECK has the option to acquire up to 70% interest in the project in two stages.

For this, Teck Resources will have to make a total cash payment of CAD$1.6 million ($1.12 million) and fund a total of CAD$15.7 million ($11.02 million) in expenditures. This will be made in different stages by TECK through 2025-2031.

TECK-Grid to Explore Nickel, Copper & Other Metals at Makwa

The focus of the TECK & Grid Metals agreement will be the discovery of a Tier 1 magmatic nickel-copper-PGM-cobalt deposit at Makwa. The agreement is subject to approval by the TSX Venture Exchange.

The Makwa project is one of two copper-nickel-PGM properties owned by Grid Metals. The project boasts excellent infrastructure, including year-round road access, local hydro-electric power and proximity to major rail and trucking routes.

The Makwa project includes two past-producing nickel sulfide mines, three pit-constrained nickel sulfide resources and numerous high-grade nickel and copper-rich magmatic sulfide surface showings.

Details of the Deal Between Teck Resources & Grid Metals

Per Grid Metals’ latest report, the open pit resources at Makwa comprised 14.2 million tons in the indicated category with 0.48% nickel, 0.11% copper, 0.02% cobalt, 0.37 gram per ton of palladium (Pt) and 0.10 gram per Pt. This translates to 0.75% nickel equivalent.

The First Option can be exercised by TECK over four years till May 31, 2028. Teck Resources will have to make a firm commitment of CAD$0.4 million (or minimum cash payment) on or before Jan. 31, 2025. Thereafter it will have to make cash payments of CAD$0.1 million by Jan. 31, 2026, and another CAD$0.1 million by Jan. 31, 2027. In addition, TECK will incur an aggregate of CAD$5.7 million in exploration expenditures over the 2025-2028 period.

Upon the completion of these payments, the company will own 51% of the Makwa project and Grid Metals the remaining 49%. After this, Teck Resources can exercise the second option to raise its stake by 19% in the project. This can be made by incurring CAD$10 million in exploration expenditures over a period of three years (ending May 31, 2031). Teck Resources will have to make a payment of $1 million in cash or by the subscription for Grid shares priced at a 25% premium.

TECK Stock’s Price Performance

The company’s shares have gained 6.5% in the past year against the industry’s 15.4% decline.

Zacks Investment Research

Image Source: Zacks Investment Research

TECK’s Zacks Rank & Stocks to Consider

Teck Resources currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation CRS, DuPont de Nemours, Inc. DD and Axalta Coating Systems AXTA.

CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The consensus estimate for the company’s current fiscal-year earnings is pegged at $6.74 per share, indicating a year-over-year rise of 42%. Its shares have surged 167% in the past year. Carpenter Technology currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for DD’s current-year earnings is pegged at $3.88 per share, indicating a year-over-year rise of 11.5%. DD, which currently carries a Zacks Rank #2 (Buy), beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.9%. The company's shares have gained 13.9% in the past year.

Axalta Coating Systems has an average trailing four-quarter earnings surprise of 11.86%. The Zacks Consensus Estimate for AXTA’s 2024 earnings is pegged at $2.15 per share. The estimate indicates year-over-year growth of 37%. AXTA’s shares have gained 13.9% in the last year. AXTA currently carries a Zacks Rank of 2.

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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report

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Zacks Investment Research

Written by Amy Legate-Wolfe at The Motley Fool Canada

Investing $15,000 in a dividend stock is like planting a financial seed that grows in two delightful ways. Steady, passive income through dividends and the potential for long-term appreciation as the stock’s value increases. Dividend stocks can be a cornerstone of a robust investment strategy, especially when chosen wisely. By investing in a dividend-paying stock, you’re essentially aligning yourself with a company’s financial success, thus earning a slice of its profits while it continues to expand. So, let’s look at one stock that can give you a big piece.

Lundin stock

Lundin Mining (TSX:LUN) stands out as a compelling option right now for dividend-focused investors. This mining giant, specializing in copper and other base metals, is not just about digging up resources. It’s about delivering value to its shareholders. Lundin stock currently offers a dividend yield of approximately 2.62%, equating to $0.36 annually per share, paid out quarterly.

The dividend stock’s third-quarter 2024 earnings reflect its financial strength and operational efficiency. Lundin Mining reported revenue of $1.07 billion, an impressive 8.14% increase year over year. This growth was driven by strong production numbers, particularly from its Candelaria mine, which churned out 50,000 tonnes of copper during the quarter. Copper remains in high demand due to its critical role in renewable energy, electric vehicles, and infrastructure projects. As copper prices show resilience, Lundin is well-positioned to benefit.

A key highlight of Lundin Mining’s strategy is its recent acquisition spree. The dividend stock now owns a 70% stake in the Caserones copper-molybdenum mine in Chile, which significantly boosts its production capacity. Additionally, Lundin’s joint acquisition of Filo with mining giant BHP underscores its commitment to growth and its ability to forge strategic partnerships. These moves are not just about expanding operations. They’re about ensuring long-term revenue streams and enhancing shareholder value.

More to consider

Looking ahead, Lundin Mining’s future outlook is equally promising. The dividend stock invested heavily in diversifying its asset portfolio and bolstering production capabilities. With the Caserones mine adding significant copper output and the potential synergies from its partnership with BHP, Lundin is well-equipped to capitalize on the growing demand for base metals. Moreover, its financial prudence is evident from its operating cash flow of $1.2 billion over the trailing 12 months. This provides a cushion for further investments and consistent dividend payouts.

For dividend-focused investors, Lundin’s payout policy is particularly noteworthy. With a payout ratio of 75.8%, the company demonstrates a commitment to rewarding shareholders while retaining sufficient earnings for reinvestment. The five-year average dividend yield of 3.03% further reflects its consistency in delivering returns. For an investor putting in $15,000, the annual dividend income could be a meaningful addition to their passive-income stream, especially when compounded over time. In fact, should shares rise by the same amount in the last year, here is how much investors could earn in returns and dividends.

COMPANY	RECENT PRICE	NUMBER OF SHARES	DIVIDEND	TOTAL PAYOUT	FREQUENCY	INVESTMENT
LUN – now	$13.30	1,128	$0.36	$406.08	quarterly	$15,000
LUN – 35%	$18	1,128	$0.36	$406.08	quarterly	$20,304

Bottom line

Investing $15,000 in Lundin Mining Corporation offers more than just a financial return. However, that alone could get you $5,304 in returns and $406.08 in dividends for annual returns of $5,710.08. It’s an opportunity to partner with a company that is shaping the future of essential industries. The steady income from dividends, backed by a strong operational and strategic foundation, makes Lundin a great option for passive-income seekers. While no investment is without risk, Lundin Mining’s blend of stability, growth potential, and income generation positions it as a smart choice in today’s market.

The post Invest $15,000 in This Dividend Stock, Create $5,710.08 in Passive Income appeared first on The Motley Fool Canada.

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Most Read from Bloomberg Businessweek

We recently compiled a list of the 8 Best Copper Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against the other copper stocks.

Overview of the Copper Supply and Demand

Copper is recognized as a critical metal due to its extensive applications, particularly in electrical wiring and renewable energy infrastructure. Prices of copper reached a record high during the first half of 2024, selling at $5.11 per pound on May 21, 2024. However, the price dropped slightly during the third quarter but remained elevated to its historic rates from the past two years.

At the start of Q3, copper was priced at $4.42 per pound. It peaked at $4.65 on July 5 but then declined to a low of $3.95 by August 7. The third quarter ended with prices recovering to $4.50 on September 30.

There are several factors affecting the prices of copper. Firstly, the demand for this metal remains high, largely driven by sectors related to the energy transition, including renewable energy and electric vehicles (EVs). However, this demand coincides with a slowdown in the Chinese real estate sector, which is traditionally a major consumer of refined copper. Regardless of the challenges in the real estate market in China, the global demand for copper saw a slight increase of 2.5% in the first half of 2024. The growth was driven by notable demand from China of around 2.7% while other regions also witnessed demand growth of around 2%.

However, despite high consumption, the supply side outpaced the demand. According to a report by the International Copper Study Group (ICSG), there was a surplus of 535,000 metric tons (MT) through the first eight months of 2024. The global copper mine production remained elevated, increasing by 2% to reach 14.86 million MT from January to August 2024. Chile’s Escondida and Collahuasi mines remained key contributors while operations in the Democratic Republic of Congo and Indonesia reported 11% and 22% production growth, respectively. In addition to raw copper refined metal production also witnessed a 5% increase driven by expansion in China and the launching of new facilities in the Democratic Republic of Congo.

According to a report by Investing News Network, analysts believe that the primary reason behind higher prices during the first half of 2024 was not the fundamental supply-demand play, but was led by speculative investment. Analysts back this sentiment on the assumption that market participants would have taken a cautious approach following substantial gains in Q2 resulting in fluctuating prices of copper.

Looking ahead, the ongoing struggles in China’s real estate sector have dampened overall demand for copper. The government's efforts to stimulate the market through various initiatives to boost housing projects are expected to revive global demand further. Moreover, energy transition efforts also continue to fuel demand for copper, the International Energy Forum estimates that approximately 1.1 new mines will need to come online annually until 2050 just to maintain current demand levels.

Our Methodology

To compile the list of the 8 best copper stocks to buy according to hedge funds, we used the Finviz stock screener and our previous articles. Using the two sources we curated an aggregated list of copper stocks sorted by market capitalization. Next, we ranked these companies based on the number of hedge fund holders as of Q3 2024, sourced from Insider Monkey’s database. The list is ranked in ascending order of the number of hedge funds.

Why do we care about what hedge funds do? 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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

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: 22

BHP Group Limited (NYSE:BHP) is a major Australian resources company that specializes in mining and producing various essential commodities. The company operates through three main segments including Copper, Iron Ore, and Coal. The materials extracted by the company are used in key industries including steel for construction, copper for renewable energy technologies, nickel for batteries, and much more. It has a global reach with operations in Australia, the Americas, Europe, and Asia, with significant mining sites such as Olympic Dam and Escondida.

Copper remains one of the key assets of BHP Group Limited (NYSE:BHP). During the fiscal first quarter of 2025, the company produced 476 kilotonnes of copper, which was up 4% year-over-year. Escondida, which is one of the world's largest copper mines remained one of the key contributors to its copper production, its production was up 11% year-over-year, mainly due to a higher concentration of feed grade and improved recoveries.

While copper production is already growing, management has been busy improving its portfolio further. During the quarter, BHP Group Limited (NYSE:BHP) announced a 50/50 joint venture with Lundin Mining in Argentina to advance a major copper discovery, considered to be one of the most significant in decades. Moreover, in Canada, its Jansen Stage 1 potash project is 58% complete, with the first production expected in two years. Looking ahead, management believes that its commodity demand will increase substantially due to the monetary easing in China to stimulate economic growth. It is one of the best copper stocks to buy according to hedge funds.

Overall BHP ranks 7th on our list of the best copper stocks to buy according to hedge funds. 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.

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

We recently compiled a list of the 8 Best Copper Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where Southern Copper Corporation (NYSE:SCCO) stands against the other copper stocks.

Overview of the Copper Supply and Demand

Our Methodology

A large open-pit mining site, its machinery providing a long-term supply of copper.

Southern Copper Corporation (NYSE:SCCO)

Number of Hedge Fund Holders: 25

Southern Copper Corporation (NYSE:SCCO) is a major mining company that primarily focuses on producing copper, along with other valuable metals like molybdenum, silver, and zinc. The company has several mines in Peru and Mexico and also explores new mineral deposits in countries like Argentina, Chile, and Ecuador. In addition to mining, it also uses raw materials through smelting and refining to produce pure metals. This includes turning copper concentrates into refined copper products.

Southern Copper Corporation (NYSE:SCCO) is closely tied to the dynamics of the copper market and currently, the market conditions look favorable. As per the company’s third-quarter results for fiscal 2024, the international copper prices have increased by 10% from $3.79 per pound in Q3 2023 to $4.17 in the last quarter. Due to the changing supply and demand dynamics, management is expecting a slight market surplus of about 100,000 tons of copper for 2024. On the demand side, although China, the largest consumer of copper, remains weak at the moment, management believes that the recently announced economic measures will promote economic growth and fuel demand for copper products.

During the third quarter, copper represented 77% of the company’s total sales. The company grew its copper production by 11% on a quarter-on-quarter basis to reach 252,219 tons. Its Peru production site remains one of the key contributors as it grew production by 18% during the same time, driven by higher mineral throughput at Cuajone and higher ore grades and recoveries at Toquepala. Management expects to produce 7% more copper in 2024 as compared to the previous year by reaching 975,000 tons of copper by the end of the year. It is one of the best copper stocks to buy according to hedge funds.

Overall SCCO ranks 6th on our list of the best copper stocks to buy according to hedge funds. While we acknowledge the potential of SCCO 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 SCCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

We recently compiled a list of the 8 Best Copper Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where Teck Resources Limited (NYSE:TECK) stands against the other copper stocks.

Overview of the Copper Supply and Demand

Our Methodology

A close up of an automated machine processing other Industrial Metals & Mining resources.

Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 68

Teck Resources Limited (NYSE:TECK) is a Canadian company that focuses on mining and producing essential metals, primarily copper and zinc. The company operates several mines across North and South America, including Antamina, Highland Valley Copper, Red Dog Mine, and Carmen de Andacollo.

Management recently transformed its business strategy to concentrate on energy transition metals, which are essential for the shift towards renewable energy and electric vehicles (EVs). This change was marked by the sale of its steelmaking coal business to Glencore for $7.3 billion, completed on July 11, 2024. This divestment allows Teck Resources Limited (NYSE:TECK) to focus primarily on its copper and zinc operations, which are crucial for supporting low-carbon technologies.

In addition, the company has been making significant progress towards its copper growth strategy. During the third quarter of fiscal 2024, Teck Resources Limited (NYSE:TECK) delivered an adjusted EBITDA of $986 million driven by record copper production at its Quebrada Blanca (QB) mine. The mine produced 52,500 tonnes of copper in Q3 2024, which is an increase from 51,300 tonnes in Q2 2024. Moreover, the mill throughput rates also increased, confirming that the plant's design is robust. Management anticipates reaching the design throughput rates by the end of 2024, which would enhance overall production efficiency. Looking ahead, management has updated its guidance for QB mine copper production to a range of 240,000 to 280,000 tonnes, along with molybdenum production expected between 4.0 to 5.5 thousand tonnes. It is one of the best copper stocks to buy according to hedge funds.

Greenlight Capital stated the following regarding Teck Resources Limited (NYSE:TECK) in its first quarter 2024 investor letter:

“Finally, we established a medium-sized macro position to benefit from higher copper prices. Long-time partners may recall that in 2021 we presented Teck Resources Limited (NYSE:TECK) at the Sohn Investment Conference. At the time, our thesis was based on a combination of being bullish on copper and believing that TECK was about to exit the penalty box after a multi-year investment in a new copper mine that was on the brink of finally coming online. Back then, TECK traded at C$31.09. Based on copper at $4.50 a pound, we thought the stock was undervalued by half. It has since doubled (and dramatically outperformed copper peer Freeport-McMoRan) and, over time, we have reduced the position into strength.

As we showed on this slide from our 2021 presentation, our thesis was that after several new mines, including TECK’s, there would not be new supply available in the second half of this decade.

Time has passed, the new mines have come online and the anticipated gap between supply and demand is likely to open up in the next year. While we still believe TECK is undervalued should copper prices rise, it is less undervalued than it once was. Our thesis now is that copper supply is about to fall short of demand, forcing prices substantially higher. Once again, we think the best way to invest in that thesis is the most direct way – in this case through options on copper futures.”

Overall TECK ranks 2nd on our list of the best copper stocks to buy according to hedge funds. While we acknowledge the potential of TECK 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 TECK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

In the latest trading session, Freeport-McMoRan (FCX) closed at $41.59, marking a -1.16% move from the previous day. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq increased by 0.12%.

The mining company's stock has dropped by 2.75% in the past month, falling short of the Basic Materials sector's loss of 1.32% and the S&P 500's gain of 1.27%.

Investors will be eagerly watching for the performance of Freeport-McMoRan in its upcoming earnings disclosure. The company is expected to report EPS of $0.39, up 44.44% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $6.07 billion, showing a 2.77% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates project earnings of $1.49 per share and a revenue of $25.95 billion, demonstrating changes of -3.25% and +13.56%, respectively, from the preceding year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freeport-McMoRan. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.85% lower. At present, Freeport-McMoRan boasts a Zacks Rank of #3 (Hold).

In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 28.16. This denotes a premium relative to the industry's average Forward P/E of 22.68.

Investors should also note that FCX has a PEG ratio of 2.94 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Mining – Non Ferrous industry held an average PEG ratio of 1.

The Mining – Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 31% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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

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

To read this article on Zacks.com click here.

Zacks Investment Research

We recently compiled a list of the 8 Best Copper Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where Freeport-McMoRan Inc. (NYSE:FCX) stands against the other copper stocks.

Overview of the Copper Supply and Demand

Our Methodology

A large open-pit copper mine with heavy machinery extracting minerals from the earth.

Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Holders: 74

Freeport-McMoRan Inc. (NYSE:FCX) is the best copper stock to buy according to hedge funds. It is a major international mining company based in Phoenix, Arizona. It primarily focuses on extracting and producing copper, gold, and molybdenum, which are essential metals used in various industries. Some of the significant mines owned by the company include Grasberg in Indonesia, which is one of the largest copper and gold deposits globally, Morenci, and Cerro Verde.

Two main factors make Freeport-McMoRan Inc. (NYSE:FCX) an attractive investment opportunity. Firstly, its leaching technology is a critical differentiating factor that enables the company to enhance copper production from low-grade ores and previously unrecoverable materials. During the first nine months of 2024, the incremental copper production from its leach initiative was nearly 70% higher than the comparable period last year. This technology stands out as it allows the company to produce substantial amounts of copper without investing in new mining sites. Management estimates that the technology requires an investment of less than $1 billion, which is considerably less than the multibillion-dollar capital investment that a mining expansion project takes.

Secondly, the company has strategically positioned itself to benefit from secular demand trends for copper driven by electrification. During the third quarter of fiscal 2024, Freeport-McMoRan Inc. (NYSE:FCX) reported robust demand from the United States and China as well despite its weak property sector. As a result, its copper sales for the quarter came in 2% above the guidance taking its adjusted EBITDA to $2.7 billion.

Overall FCX ranks 1st on our list of the best copper stocks to buy according to hedge funds. While we acknowledge the potential of FCX 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 FCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Shares Outstanding: 329,527,261 Trading Symbols: TSX: GGD OTCQX: GLGDF

HALIFAX, NS, Dec. 12, 2024 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces the financial results for the year ending September 30, 2024, with Parral revenue increasing by 20%, generating $37 million (all amounts are in U.S. dollars) from the sale of 1.4 million silver equivalent ounces.

GoGold – Silver & Gold (CNW Group/GoGold Resources Inc.)

"The SART Zinc circuit addition which we completed in the year has performed well. Not only has the circuit given us a saleable zinc precipitate, but also removing zinc from the solution has increased the leachability of the gold and silver. This has significantly increased the production and profitability at Parral, which we are seeing in our current December quarter," said Brad Langille, President and CEO. "Looking forward to 2025, we are confident we will have our permit for Los Ricos South and be in a position to make a positive construction decision moving towards production of the Company's second operating mine."

Highlights for the year ending September 30, 2024:

Cash of $72.0 million USD
Revenue of $36.5 million on the sale of 1.4 million silver equivalent ounces at an average realized price per ounce of $25.95 USD
Net income of $1.6 million
Production of 1,482,391 silver equivalent ounces, consisting of 553,382 silver ounces, 8,700 gold ounces, 468 copper tonnes, 316 zinc tonnes
Adjusted cash cost per silver equivalent ounce of $17.62
Adjusted all in sustaining cost per silver equivalent ounce of $24.15

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

Summarized Consolidated Financial Information	Three months ended Sep 30		Year ended Sep 30
(in thousands USD, except per share amounts)	2024	2023	2024	2023
Revenue	$ 10,406	$ 5,690	$ 36,503	$ 30,260
Cost of sales, including depreciation	7,139	5,412	24,313	34,209
Operating income (loss)	4,021	(1,514)	3,230	(11,840)
Net income (loss)	719	(4,295)	1,580	(7,890)
Basic net income (loss) per share	0.002	(0.014)	0.005	(0.025)
Cash flow used in operations	(857)	(140)	(10,678)	(7,419)

Key Performance Indicators1	Three months ended Sep 30		Year ended Sep 30
(in thousands USD, except per ounce amounts)	2024	2023	2024	2023
Total tonnes stacked	363,695	329,944	1,587,360	1,407,249
Silver equivalent ounces sold	362,314	243,518	1,406,660	1,371,026
Adjusted AISC per silver equivalent ounce2	$ 23.26	$ 27.28	$ 24.15	$ 20.78
Adjusted Cash cost per silver equivalent ounce2	$ 17.71	$ 19.72	$ 17.62	$ 15.01
Realized silver price	$ 28.72	$ 23.37	$ 25.95	$ 22.07

1	Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A.
2	Gold, copper and zinc are converted using average market prices.

This news release should be read in conjunction with the consolidated financial statements for the year ended September 30, 2024, notes to the financial statements, and management's discussion and analysis for the year ended September 30, 2024, which have been filed on SEDAR and are available on the Company's website. The Company's annual information form has also been filed and is available on SEDAR and the Company's website.

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

About GoGold Resources

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

CAUTIONARY STATEMENT:

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

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

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

Cautionary non-GAAP Measures and Additional GAAP Measures

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

Additional GAAP measures that are presented on the face of the Company's consolidated statements of comprehensive income include "Operating income (loss)". These measures are intended to provide an indication of the Company's mine and operating performance. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. "Adjusted cash costs per ounce" and "Adjusted all-in sustaining costs per ounce" are used in this analysis and are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, "Adjusted cash costs per ounce" reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. "Adjusted cash costs per ounce" may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. "Adjusted all-in sustaining costs per ounce" include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated December 11, 2024 for the year ended September 30, 2024, as presented on SEDAR.

Cision

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SOURCE GoGold Resources Inc.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, Dec. 12, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has awarded stock options and SAR Equivalent Shares pursuant to its Omnibus Incentive Plan. The Company has granted stock options to acquire an aggregate of 2,400,000 common shares to employees of an Alphamin subsidiary, with each option exercisable for a seven year term to acquire one common share at a price of C$1.10 per share. The options granted vest over a three year period from the date of grant.

The Company has also authorized the issuance of 2,100,000 SAR Equivalent Shares (“SARES”) to two senior officers of the Company. The SARES are functionally equivalent to stock appreciation rights however, any entitlements are satisfied by dividend payments on the SARES. The reference price for the SARES awarded is C$1.10 and dividends shall be payable on the SARES (to the the extent that they are “in-the-money”) on the first, second and third anniversaries of the date of award.

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz SmithCEOAlphamin Resources Corp.Tel: +230 269 4166E-mail: msmith@alphaminresources.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Investing.com — Morgan Stanley expects elevated volatility in the mining sector through 2025, particularly in the first half, citing global growth headwinds and uncertain economic policies in China and the U.S.

The brokerage downgraded Vale SA ADR (NYSE:VALE) to "equal weight," noting the iron ore miner's underperformance relative to peers despite recent positive catalysts, such as a new CEO and agreements addressing legacy issues. Iron ore supply surpluses and uncertain pricing are expected to weigh on the stock in the near term.

Morgan Stanley (NYSE:MS) upgraded Southern Copper Corporation (NYSE:SCCO) and Nexa Resources SA (NYSE:NEXA) to "equal weight," citing tighter supply forecasts for base metals like copper and zinc.

A near 12% pullback in Southern Copper's stock from its recent peak has improved its risk-reward balance, despite ongoing political concerns in Mexico.

The firm continues to favor base metal equities over iron ore stocks, pointing to supply deficits in copper, aluminum, and zinc, as well as potential catalysts such as aluminum producer Alcoa (NYSE:AA), which Morgan Stanley named its "top pick" for self-help initiatives and upside to consensus estimates.

Morgan Stanley sees volatility in mining sector, adjusts ratings

Producers of Netflix hit 'Love is Blind' accused of US labor law violations

Intel executives say manufacturing spinoff is possible

By Melanie Burton

MELBOURNE (Reuters) – BHP and Rio Tinto have used confidentiality agreements to prevent female employees from speaking about sexual harassment at work, according to a lawyer leading Australian class action lawsuits against the miners.

Brisbane-based law firm JGA Saddler filed a class action against each mining giant this week, alleging widespread and systemic sexual harassment and discrimination at Australian mine sites.

The class actions promise more headaches for the two firms, which have struggled to rebuild their public image. A 2022 Western Australia state government review of remote mining sites found women frequently dealt with sexual harassment and sexual assault. The industry has also been held to account for the destruction of Aboriginal heritage, mine fatalities and environmental disasters in recent years.

JGA Saddler has spoken to hundreds of women and seen evidence of the widespread use of non-disclosure agreements by the mining industry, lead litigator Josh Aylward told Reuters in an interview, adding some have expressed concern that the NDAs could prevent them from joining the class actions.

BHP and Rio said they do not currently use NDAs when dealing with sexual harassment allegations.

Mining companies have pressured vulnerable workers to sign agreements because they feared losing their jobs or being blacklisted from the industry, Aylward alleged.

"It's common practice," he said. "There's a lot of other industries that have matured past the use of NDAs and realised that you have to front up for earlier sins, and if people want to talk about what happened to them, then they should be able to do it."

Rio said in a statement to Reuters it would not enforce any historic confidentiality terms that prevented employees from discussing their personal experiences.

A representative for BHP referred Reuters to the company's annual report, where it said it had stopped using NDAs relating to sexual harassment claims in March 2019 and doesn't enforce past agreements.

Both companies also say they take all allegations of sexual harassment seriously and are seeking to stamp it out in the industry.

Angela Green, who worked in BHP's explosives team from 2018-2024, said in a statement she plans to join the class action. She said she was unfairly terminated for falsifying a log book, which she denies, after she had made a complaint about sexual harassment.

Green alleges she was subsequently offered compensation from BHP for the manner of her dismissal on condition she signed an agreement with a confidentiality clause.

"BHP state office said if I signed it then they would clear my record and change it to say I resigned instead of being terminated," she said.

The court filings have yet to be made public. According to a statement from JGA Saddler, the lead applicant in the BHP case alleges she was urinated on by a male co-worker, sexually harassed over a two-way radio and had another male co-worker defecate in front of her.

The lead applicant in the Rio suit alleges she was sent unsolicited sexually explicit messages as well as videos and pictures from a colleague showing him masturbating in his on-site room. After her complaint, she was overlooked for opportunities to upskill, she said in the statement.

JGA Saddler has requested the court redact the lead applicants' names in the filings amid concerns for their personal safety.

The lawsuits were filed at the Federal Court and a judge will be assigned shortly. The judge will then set out times and dates in a hearing, expected to be in February. At that time, the court will order both miners to contact all women who have worked for them since November 2003.

According to its annual report, BHP received 471 reports of sexual harassment in the 2024 financial year across its global operations. It investigated 100 cases and 103 workers were either dismissed, resigned or were removed from site if they were a contractor.

Rio said last month that cases of rape and sexual assault at its mines persisted. An investigation found eight instances of actual or attempted sexual assault.

(Reporting by Melanie Burton; Editing by Edwina Gibbs)

By Daina Beth Solomon

BUENOS AIRES (Reuters) – The head of global mining group Rio Tinto pledged to act if wrongdoing was discovered following the filing of sexual harassment lawsuits against the company.

Brisbane-based law firm JGA Saddler this week filed a class action against Rio and BHP Group, alleging widespread and systemic sexual harassment and discrimination at Australian mine sites.

The lawyers allege both companies have used confidentiality agreements to prevent female employees from speaking about sexual harassment at work.

BHP and Rio said they do not currently use NDAs when dealing with sexual harassment allegations.

Speaking to Reuters, Jakob Stausholm, the chief executive of Rio Tinto, pledged to respond to wrongdoing.

"If something that is not okay is happening, it's unacceptable. And we'll do everything to avoid that," Stausholm said in an interview on Thursday.

"I was devastated when I read the news the other morning," he told Reuters.

BHP issued a statement on Wednesday saying it apologised to anyone who has ever experienced any form of harassment at the company.

The lawsuit was filed after Rio last month released an external report showing cases of rape and sexual assault persist at its mines.

The report was an update to its cultural assessment conducted in early 2022 that outlined a culture of bullying, harassment and racism across its operations.

Rio has implemented a series of changes to improve workers' conditions but has said there is more work to do.

(Reporting by Daina Beth Solomon, additional reporting by Clara Denina; Editing by David Alire Garcia and Keith Weir)

Written by Amy Legate-Wolfe at The Motley Fool Canada

Let’s say that you’ve gotten a windfall of $15,000 and want to put it into your Tax-Free Savings Account (TFSA). It’s a smart move! Investing in a growth dividend stock like Teck Resources (TSX:TECK.B) can be one of the smartest ways to supercharge it. Why? Because it combines the long-term benefits of capital appreciation with the steady income from dividends, all in a tax-sheltered environment where your earnings can compound without being nibbled away by taxes. This is like having the ultimate savings accelerator. Teck is a stock with strong growth potential that also rewards you along the way.

Why Teck stock?

Teck Resources, a Canadian mining giant, is a standout candidate for this strategy. The company has been transitioning its focus to energy transition metals, particularly copper. Copper is the backbone of renewable energy infrastructure, from electric vehicles to wind turbines, and its demand is expected to skyrocket as the world embraces a greener future.

Recent earnings bolster the case for Teck. In its third-quarter 2024 results, Teck delivered an adjusted profit of $0.60 per share, well above analysts’ expectations of $0.37 per share. This impressive performance was fuelled by a staggering 60% increase in copper production at its Quebrada Blanca 2 (QB2) mine. This represents the company’s commitment to scaling operations in this high-demand sector. Revenue growth year over year was a robust 43.7%, demonstrating the impact of their strategic focus on copper and other critical minerals.

Financially, Teck is in an enviable position. The company boasts $7.23 billion in cash as of its most recent quarter, providing it with significant liquidity to fund growth initiatives or weather any economic turbulence. Meanwhile, its debt-to-equity ratio of 36.29% reflects prudent financial management, giving investors confidence in the company’s stability. With a current ratio of 2.92, Teck also demonstrates an ability to meet short-term obligations comfortably.

Even more for investors

Teck’s shareholder-friendly policies further sweeten the deal. This year alone, the company has returned more than $1.3 billion to shareholders through dividends and share buybacks. The forward annual dividend rate of $0.50 per share represents a yield of approximately 0.79%. While this yield might seem modest compared to some higher-dividend stocks, the real magic lies in combining these payouts with the potential for stock price appreciation.

Looking at past performance, Teck has proven its ability to generate value for investors. Over the past five years, the stock has significantly outperformed the market, driven by its strategic pivot towards high-growth sectors like copper. Its forward price-to-earnings (P/E) ratio of 27.17 suggests that investors are willing to pay a premium for the company’s future earnings potential—a reflection of confidence in its growth trajectory.

From a broader perspective, the renewable energy revolution is not a passing trend. It’s a massive shift that will define global economies for decades. Copper is at the heart of this transformation, and companies like Teck that are well-positioned in this market stand to benefit immensely. With the world moving towards net-zero goals and electrification, Teck’s focus on copper aligns with structural, long-term growth drivers that investors crave.

Foolish takeaway

Placing a stock like Teck in a TFSA allows you to leverage its growth story in the most tax-efficient way possible. Every dollar of dividend income and capital gains stays untouched by the taxman, leaving more of your money to reinvest and grow. Over time, this compounding effect can turn an initial $15,000 investment into a substantial nest egg, driven by the combination of reinvested dividends and stock price appreciation.

Ultimately, investing in a growth dividend stock like Teck Resources can be transformative for your TFSA. Its strategic focus on energy transition metals, solid financial performance, commitment to shareholder returns, and promising future outlook make it a top choice for those looking to grow their wealth. With Teck, you’re not just investing in a company. You’re buying into a vision of a sustainable, electrified future. And that’s a story worth being part of.

The post Transform Your TFSA Into a Cash-Creating Machine With $15,000 appeared first on The Motley Fool Canada.

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Most Read from Bloomberg Businessweek

AI-focused tech giants are reportedly set to invest over $1 trillion in infrastructure and power grid development, triggering a significant surge in demand for precious metals like copper (HG=F). BHP Group (BHP) CFO Vandita Pant joins Asking for a Trend to discuss this transformative phenomenon.

“The recognition of critical minerals and their intensity to economic growth is increasing,” she tells Yahoo Finance. This trend is “being amplified through [the] energy transition, through AI and data center demand,” which is projected to drive a 70% increase in metals like copper demand over the next three decades, Pant explains.

Pant highlights the United States, China, and India as the primary regions driving this market segment, noting that BHP is strategically positioned to benefit substantially from these emerging technological and infrastructure developments.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Angel Smith

VANCOUVER, BC, Dec. 11, 2024 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Lundin Mining's intention to renew its normal course issuer bid (the "NCIB"). View PDF

The Company intends to continue to utilize the NCIB at its discretion to make opportunistic purchases to create shareholder value and manage the number of outstanding common shares of the Company (the "Common Shares").

This approval allows the Company to purchase up to 57,597,388 Common Shares, representing 10% of the 776,914,637 issued and outstanding Common Shares as of December 6, 2024, minus those Common Shares beneficially owned, or over which control or direction is exercised by the Company, the senior officers and directors of the Company and every shareholder who owns or exercises control or direction over more than 10% of the outstanding Common Shares, over a period of twelve months commencing on December 16, 2024. The NCIB will expire no later than December 15, 2025.

All purchases made pursuant to the NCIB will be made on the open market through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable securities laws. In accordance with TSX rules, any daily purchases (other than pursuant to a block purchase exemption) on the TSX under the NCIB are limited to a maximum of 560,989 Common Shares, which represents 25% of the average daily trading volume of 2,243,957 Common Shares on the TSX for the six months ended November 30, 2024. The price that Lundin Mining will pay for Common Shares in open market transactions will be the market price at the time of purchase.

In connection with the NCIB renewal, Lundin Mining entered into an automatic share purchase plan ("ASPP") with its designated broker to allow for the repurchase of Common Shares at times when the Company ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise (any such period being a "Blackout Period"). Before entering a Blackout Period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the plan. At this time, the Company has not instructed the broker to actively repurchase Common Shares. Purchases made pursuant to the plan, if any, will be made by the Company's designated broker based upon the parameters prescribed by the TSX, applicable Canadian securities laws and the terms of the written agreement entered between the Company and its designated broker. Outside of these Blackout Periods, Common Shares will be purchasable by Lundin Mining at its discretion under its NCIB.

The ASPP will terminate on the earliest of the date on which: (i) the purchase limit under the NCIB has been reached; (ii) the NCIB expires; and (iii) the ASPP otherwise terminates in accordance with its terms. The ASPP constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and the agreement governing the plan has been pre-cleared by the TSX.

The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any Common Shares that are purchased under the NCIB will be cancelled.

Under the Company's previous NCIB that commenced on December 11, 2023 and expired on December 10, 2024, the Company sought and received approval from the TSX to purchase up to 52,538,870 Common Shares. The Company purchased nil Common Shares under its previous NCIB through open market transactions.

About Lundin Mining

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

The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on December 11, 2024 at 14:30 Vancouver Time.

Cautionary Statement in Forward-Looking Information

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements with respect to Lundin Mining's proposed NCIB, the Company's pre-defined plan with its broker to allow for the repurchase of Common Shares and the timing, number and price of Common Shares that may be purchased under the NCIB. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking information.

Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management; assumed and future price of copper, zinc, gold, nickel and other metals; anticipated costs; ability to achieve goals; the prompt and effective integration of acquisitions; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the Common Shares will, from time to time, trade below their value; the Company will complete purchases of Common Shares pursuant to the NCIB; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: the market price of the Common Shares being too high to ensure that purchases benefit the Company and its shareholders; and other risks and uncertainties, including but not limited to those described in the "Risks and Uncertainties" section of the Company's MD&A for the three and nine months ended September 30, 2024 and the "Risks and Uncertainties" section of the Company's Annual Information Form for the year ended December 31, 2023, which are available on SEDAR+ at www.sedarplus.ca under the Company's profile.

All of the forward-looking information in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecasted or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. There can be no assurance that the Common Shares will, from time to time, trade below their value and that the Company will complete purchases of Common Shares pursuant to the NCIB. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

Lundin Mining Announces TSX Approval for a Normal Course Issuer Bid (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/11/c6943.html

Key Insights

Significant control over Aurelia Metals by retail investors implies that the general public has more power to influence management and governance-related decisions
The top 25 shareholders own 47% of the company
Insiders own 23% of Aurelia Metals

If you want to know who really controls Aurelia Metals Limited (ASX:AMI), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 53% to be precise, is retail investors. Put another way, the group faces the maximum upside potential (or downside risk).

And institutions on the other hand have a 23% ownership in the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies.

Let's delve deeper into each type of owner of Aurelia Metals, beginning with the chart below.

Check out our latest analysis for Aurelia Metals

ASX:AMI Ownership Breakdown December 11th 2024What Does The Institutional Ownership Tell Us About Aurelia Metals?

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

As you can see, institutional investors have a fair amount of stake in Aurelia Metals. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Aurelia Metals' earnings history below. Of course, the future is what really matters.

ASX:AMI Earnings and Revenue Growth December 11th 2024

Aurelia Metals is not owned by hedge funds. Our data shows that Franklyn Brazil is the largest shareholder with 19% of shares outstanding. For context, the second largest shareholder holds about 4.8% of the shares outstanding, followed by an ownership of 3.5% by the third-largest shareholder.

On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.

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

Insider Ownership Of Aurelia Metals

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. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our information suggests that insiders maintain a significant holding in Aurelia Metals Limited. Insiders own AU$71m worth of shares in the AU$313m company. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.

General Public Ownership

The general public, who are usually individual investors, hold a substantial 53% stake in Aurelia Metals, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important.

Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.

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.

Brisbane, Queensland, Australia–(Newsfile Corp. – December 11, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.

CUSTOMER ENGAGEMENT UPDATE

GMG continues to make progress in testing with companies in multiple industries for the use of THERMAL-XR® in their products, including on heat sinks for electronics. Figure 1 shows an aluminium heat sink that is commonly used in electronics for removing heat from printed circuit boards, electrical circuits and processing silicon chips, and that has been coated with THERMAL-XR®.

Figure 1: THERMAL-XR® Coated Electronics Heat Sink

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/233324_9491c90934ed3928_001full.jpg

HEAT SINK MINIATURISATION:

Third-party verified modelling demonstrates that applying THERMAL-XR® to a heat sink could reduce its size by up to 39%, while maintaining equivalent thermal performance, offering the potential for weight and material cost savings. Figure 2 shows that the maximum temperature reached by a heat sink coated with THERMAL-XR® is 62 degrees centigrade, 23% lower than the maximum temperature of 80 degrees Celsius reached by a heat sink of equal size that has not been coated with THERMAL-XR®. Figure 3 shows that a heat sink coated with THERMAL-XR® that is 39% smaller in terms of width achieves the same performance as a heat sink that has not been coated with THERMAL-XR®.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/233324_9491c90934ed3928_002full.jpg

Material	Ambient Temp. (˚C)	Power (W)	Emissivity	Convection Type	Heat Sink Dimensions (mm)			Max Temp. (˚C)	Temperature Difference Between Aluminium and THERMAL-XR®
					Width	Length	Height		ΔT(˚C)	ΔT%
Aluminium	25	80	0.11	Natural Convection	62	58	38	80	-18	23%
THERMAL-XR®			0.95					62

Figure 2: Modelling of an Electronic Heat Sink with THERMAL-XR® coated on all sides, excluding the base, shows a 23% reduction in maximum temperature reached.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/233324_9491c90934ed3928_003full.jpg

Material	Ambient Temp. (˚C)	Power (W)	Emissivity	Convection Type	No. of Fins	Heat Sink Size (mm)				Temperature (˚C)
						Width	Length	Height	ΔW%	Max	Min
Aluminium	25	80	0.11	Natural Convection	8	62	58	38	–	80	76.7
THERMAL-XR®			0.95		5	38	58	38	-39%	80	75

Figure 3: A heat sink coated with THERMAL-XR® on all sides, excluding the base, that is 39% smaller achieves the same results and temperature as the bare aluminium heat sink depicted in Figure 1.

Global Printed Circuit Board (PCB) production is projected[1] to reach 530 million square meters annually by the year 2030, or about 5.3 trillion printed circuit boards. As PCB density increases, higher current loads lead to more heat, with 5.2 billion units expected to require heat sinks for cooling. THERMAL-XR® coated on the heat sinks, enhances the heat sink efficiency, enabling smaller heat sinks and more compact PCB assemblies. The total amount of THERMAL-XR® that could be used for this application to improve performance is 26.5 million litres per annum by 2030, assuming 0.1% will use the coating.

GMG's Managing Director and CEO, Craig Nicol, commented: "Heat sinks are a critical component of modern electronics, but they come with various challenges, especially as devices become smaller, faster, and more powerful. GMG's THERMAL-XR® offers a potential solution in heat sink miniaturization, enabling up to 39% size reduction while maintaining thermal performance. This has the potential to not only cut material costs but also unlock new opportunities for compact and efficient electronics designs, addressing the rising thermal management demands of the global printed circuit board market."

About THERMAL-XR® powered by GMG Graphene:

THERMAL-XR® COATING SYSTEM is a unique method of improving the thermal heat transfer of heat exchange surfaces. The process coats and protects heat exchange surfaces while increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

THERMAL-XR® is powered by GMG Graphene. PATENT PENDING

About GMG www.graphenemg.com

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

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the progression of testing and sales of THERMAL-XR® in multiple industries, the benefits of using THERMAL-XR® on heat sinks, the projected growth of PCB production, and the number of PCBs which will require heat sinks in the future.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will continue to receive interest in testing and buying THERMAL-XR® from multiple industries, that the use of THERMAL-XR® on heat sinks will result in the benefits expected by management, that the use of THERMAL-XR® will allow heat sinks to be smaller while delivering equivalent thermal performance, that PCB production will grow as currently projected, and that the number of PCBs requiring heat sinks in the future will align with current estimates. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not continue to receive interest in testing and purchasing THERMAL-XR® from multiple industries, that THERMAL-XR® will not have the expected benefits when applied to heat sinks, that the size of heat sinks will not be reduced, that PCB production will not grow as expected, that PCBs will not require heat sinks in the future, that THERMAL-XR® coated heat sinks will not enable more compact printed circuit board assemblies, that there will not be demand for THERMAL-XR® in the heat sink market, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

[1] Areas of PCB production projected from the source, Prismark Printed Circuit Board Market Report 2021, page 13

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233324

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

VANCOUVER, BC, Dec. 10, 2024 /CNW/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report the results from an additional four drill holes including another infill hole at the Rincones target with over 100 metres of significant copper, gold, cobalt and iron mineralization:

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

102.6 m averaging 0.22% Cu, 0.04 g/t Au, 100 g/t Co and 16.2% Fe starting at 67.4m depth in SP-DDH-31, including
- 24.3 m averaging 0.48% Cu, 0.07 g/t Au, 214 g/t Co and 31% Fe

Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "Our Phase 2 Drill Program has gone extremely well. We were initially focused on infill drilling Rincones to support estimating resources but we discovered that the mineralization footprint is much larger in extent than expected and there are often much longer significant intervals downhole than expected, and we still have results from six holes to look forward to. On top of that, indications are that Rincones has the potential to grow even larger with the subsequent drill programs. All of that makes us very excited for our first resource estimate and NI 43-101 technical report that are underway and will be completed early next year."

Mr. McEwen continued, "In addition to the drill program the team has been busy with surface exploration work and has identified new prospects within our 20,000 hectares of concessions. Data is being processed and we expect to be able to announce exciting new drill targets next year that could be tested in the Phase 3 drill program, once we are issued the new permit to expand our drill platforms. We are very pleased to be ending the year on such a positive note and look forward to continued success in 2025."

The holes reported herein are part of the Phase 2 diamond drilling campaign at the San Pietro Iron Oxide-Copper-Gold-Cobalt ("IOCG") Project in Chile ("San Pietro" or the "Project") announced on April 24, 2024. The drilling is now complete, with twenty-seven holes drilled totaling approximately 9100m. Assays from the final six holes are pending and expected early in the new year.

The Company has engaged independent consultants and Qualified Persons to complete its first Mineral Resource Estimate and the supporting NI 43-101 Technical Report for the Project. Resource modelling and supporting work is underway with completion targeted early in 2025, pending the final assays from Phase 2.

Table 1. Summary of Intervals, Phase 2 Drilling[Cu Grade >0.20% or Co Grade >200 g/t or Au Grade >0.2 g/t or Fe Grade >30%]

Hole		From (m)	To (m)	Interval (m)	Cu (%)	Au(g/t)	Co (g/t)	Fe (%)
Rincones Target
SP-DDH-31		67.40	170.00	102.60	0.22	0.04	100	16.2
	includes	67.40	72.40	5.00	0.50	0.07	108	14.8
	and	92.00	96.00	4.00	0.56	0.12	169	17.6
	and	114.55	120.30	5.75	0.51	0.08	123	15.3
	and	136.00	160.30	24.30	0.48	0.07	214	31.0
	including	146.85	158.00	11.15	0.64	0.10	383	44.1
		291.50	299.00	7.50	0.26	0.08	103	14.9
SP-DDH-32		6.00	18.20	12.20	0.31	0.05	71	13.5
		47.00	49.00	2.00	0.34	0.07	80	21.3
		69.40	86.00	16.60	0.24	0.04	78	13.9
		169.00	182.80	13.80	0.15	0.06	288	17.3
SP-DDH-33		302.00	305.00	3.00	0.25	0.03	25	13.1
		311.00	313.00	2.00	0.32	0.04	49	9.8
		323.30	329.00	5.70	0.29	0.05	118	19.4
		378.73	381.38	2.65	2.13	0.14	127	33.0
Colla Target
SP-DDH-34		29.00	40.85	11.85	0.03	<0.01	142	53.3
		98.55	112.37	13.82	0.07	0.03	149	55.6
		226.00	228.85	2.85	0.06	0.01	421	17.0
		311.40	320.00	8.60	0.17	0.03	454	18.4
		398.00	406.00	8.00	<0.01	0.02	244	17.4
Note: Intervals are downhole length. See hole descriptions in text for additional details.

San Pietro Phase 2 Drill Program Details

The San Pietro Project hosts multiple targets with strong Iron oxide-Copper-Gold and Cobalt mineralization (see Figure 1).This mineralization is typically found within a pile of fine to porphyritic andesites that exhibit widespread potassic feldspar alteration. The mineralization is often associated with areas where a superimposed quartz-scapolite alteration is more intense and there is a development of brecciation and massive replacement of magnetite.

In 2023, the Company completed a Phase 1 drill program of approximately 4000 metres of diamond drilling in 13 holes to add to the database of ~34,000 metres of historic drilling at San Pietro. Strongly mineralized intervals were intercepted at all targets tested as reported in company news releases on June 13, June 27 and July 12, 2023.

The Company focused this Phase 2 drill program mainly on the Rincones advanced exploration target with the goal of completing an initial Mineral Resource Estimate. In addition, 2 holes (SP-DDH-25 and SP-DDH-34) with a total of 607 metres were drilled at the nearby Colla target.

SP-DDH-31

This hole was collared in the NE part of the Rincones target, 50 metres along section from SP-DDH-18 and drilled in the opposite direction, to the SSW (see Figure 2). Hole SP-DDH-31 confirmed the presence of a sub-horizonal magnetite manto body from 146 to 188 metres deep that is an offset of the mantos reported in SP-DDH-18 which returned multiple mineralized intervals including 39.8 m averaging 0.27% Cu, 0.06 g/t Au, 144 g/t Co and 30.8% Fe (see news release dated August 8, 2024). Mineralization in the magnetite mantos of SP-DDH-31 includes scapolite-actinolite alteration with disseminated pyrite crosscut by a series of magnetite-quartz-moly-pyrite veinlets plus specularite with chalcopyrite, following the general model of the target. The magnetite mantos are very high in iron and returned a best interval of 11.15 m with 0.64% Cu, 0.10 g/t Au, 44.1% Fe and 383 g/t Co. As in most of the holes in the NE of Rincones, this interval is anomalous in molybdenum with 99 g/t Mo. This high iron interval is within an interval of 24.3 m with assays that average 0.48% Cu, 0.07 g/t Au, 214 g/t Co, 31% Fe and 58 g/t Mo (see Table 1).

SP-DDH-32

On the north-western edge of the Rincones target hole SP-DDH-32 was collared 80 metres NW of historic hole RA11DH-008 to test the western continuity of a system of E-W trending specularite breccias. In the first 95 metres, hole SP-DDH-32 intercepted a series of specularite-calcite veinlets and breccias in the oxide zone with the best intercept of 12.2 m averaging 0.31% Cu starting at 6 m deep.

SP-DDH-33

Hole SP-DDH-33 targeted the SE extension of the mineralization at the Rincones target. From 302 to 329 metres it intercepted a series of veinlets and crackle breccias with calcite-specularite-chalcopyrite-pyrite, with the best intercepts shown in Table 1. From 378.73 to 381.38 m a specularite breccia with patches of chalcopyrite-pyrite averaged 2.61% Cu and 0.14 g/t Au over 2.65 m.

SP-DDH-34

The Colla target is approximately two kilometres southwest of Rincones and while grades of copper and gold can be significant, it is mainly considered a shallow, high cobalt and iron prospect, both of which can add significant value to IOCG deposits. Collared 210 metres NW of SP-DDH-02, SP-DDH-34 was designed to test sub-outcropping massive magnetite replacement bodies. From surface to 170 metres depth, a series of magnetite mantos with disseminated pyrite were intercepted. Iron values were very high, with a best interval of 13.82 metres grading 55.6% Fe, as shown in Table 1. Below these magnetite mantos several crackle breccias with chalcopyrite and pyrite contain elevated cobalt mineralization, including 8.6 metres averaging 0.17% Cu and 454 g/t Co (Table 1).

Table 2. Drill Hole Collar Information[PSAD 56 / UTM Zone 19 S]

Hole	Easting	Northing	Elevation(m)	Azimuth (˚)	Dip (˚)	Final Depth (m)
SP-DDH-31	391546	7072048.7	914	200	-67	350
SP-DDH-32	390554	7072328	1049	200	-60	320
SP-DDH-33	391093	7071385	959	20	-60	425
SP-DDH-34	390519	7070077	1095	235	-60	422

Methodology & QA/QC

This drilling campaign was completed by Sociedad de Servicios Andinos SpA of Copiapó, Chile, using diamond drill producing HQ-sized core. The Golden Arrow field team, supervised by senior geologists, photographed and logged the entire length of core for each drillhole, as well as measured it for recovery and marked it for sampling. Pieces of whole core approximately 10 to 15 cm long were selected and measured for specific gravity on average every 20 metres and targeting all different lithologies. Subsequently, the core was cut in half with an electric saw. One half was labelled, bagged and sent for analysis and the other half retained onsite. After completing the sampling of each hole, the samples were shipped to ALS Laboratory in Copiapó, Chile by a contract truck service. Sample preparation and gold analysis by Fire Assay and reading by atomic absorption on 30 gm sample by method Au-AA23 was completed at the ALS facility in Santiago de Chile. Multi-element package by ICP-OES reading following a four-acid digestion by method ME-ICP61 was performed at ALS facilities in Lima, Peru. Samples with over limits in copper (+ 10,000 ppm) were re-assayed by ore grade method Cu-OG62 that includes four acid digestion and ICP-OES reading. The Company follows industry standard procedures for the work carried out on the San Pietro Project, with a quality assurance/quality control (QA/QC) program. Blank and standard samples were inserted in each batch of samples sent to the laboratory for analysis. Golden Arrow detected no significant QA/QC issues during review of the data. The trajectory of all the holes drilled at San Pietro during this Phase 2 were measured using the gyroscope equipment "Champ Navigator" that assures no interference from the magnetite in the ground. Additionally, all the core was orientated using the "Champ Ori" core orientator to measure the azimuth and dip of structures.

About the San Pietro IOCG Project

The San Pietro Project covers approximately 20,000 hectares, 100 kilometres north of Copiapó. Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a potential new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major iron oxide-copper-gold ("IOCG") deposits in Chile.

The Project is hosted by andesite units in a Cretaceous-aged volcano-sedimentary sequence associated with intrusive rocks including granodiorites and diorites of similar age. The Project is located east of the Atacama Fault system, a major north-south regional structure, which was instrumental in controlling the emplacement of the ore deposits in the area.

Mineralization at San Pietro is typical of an IOCG system, with the addition of cobalt, and occurs in mantos, breccias and veins within a zone of alteration characterized by an association of actinolite, epidote, chlorite and scapolite. The mantos are replacement of andesite by magnetite and sulphides, with a roughly southeast strike and a gentle dip to the SW. Breccias and veins crosscut the mantos, are often subvertical, and filled with specularite and sulphides.

Qualified Persons

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

About Golden Arrow:

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

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

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

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________Mr. Joseph Grosso, Executive Chairman, President and CEO

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

This news release contains forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with exploration activities; the possibility that future exploration. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Cision

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SOURCE Golden Arrow Resources Corporation

Cision

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If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, the ROCE of Alphamin Resources (CVE:AFM) looks great, so lets see what the trend can tell us.

What Is Return On Capital Employed (ROCE)?

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Alphamin Resources, this is the formula:

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

0.39 = US$177m ÷ (US$590m – US$140m) (Based on the trailing twelve months to September 2024).

Therefore, Alphamin Resources has an ROCE of 39%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 1.4%.

Check out our latest analysis for Alphamin Resources

TSXV:AFM Return on Capital Employed December 10th 2024

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

What The Trend Of ROCE Can Tell Us

The fact that Alphamin Resources is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 39% which is a sight for sore eyes. And unsurprisingly, like most companies trying to break into the black, Alphamin Resources is utilizing 88% more capital than it was five years ago. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

The Key Takeaway

Long story short, we're delighted to see that Alphamin Resources' reinvestment activities have paid off and the company is now profitable. Since the stock has returned a staggering 773% to shareholders over the last five years, it looks like investors are recognizing these changes. In light of that, we think it's worth looking further into this stock because if Alphamin Resources can keep these trends up, it could have a bright future ahead.

On a final note, we've found 1 warning sign for Alphamin Resources that we think you should be aware of.

If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.

Tuesday, December 10, 2024

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Oracle Corporation (ORCL) and Merck & Co., Inc. (MRK), as well as two micro-cap stocks, Canterbury Park Holding Corporation (CPHC) and CompX International Inc. (CIX). These research reports have been hand-picked from roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>

Alphabet shares have lagged the broader Tech sector this year (+25.3% vs. +33.1%) as well as the S&P 500 index (+25.3% vs. +28.2%), mostly reflecting regulatory uncertainty. The Zacks analyst believes that the company’s Google Cloud Platform products are benefiting from accelerated growth across AI infrastructure, enterprise AI platform Vertex and generative AI solutions. Its dominant position in the search engine market is a strong growth driver. Major search updates and removal of bad ads to enhance the search results continue to boost traffic on Google’s search engine.

However, increasing litigation issues and expenses remain concerns. Rising cloud competition from Microsoft and Amazon is a concern.

(You can read the full research report on Alphabet here >>>)

Oracle shares have outperformed the Zacks Computer – Software industry over the past year (+65.4% vs. +23.4%). The Zacks analyst believes that solid adoption of strategic cloud applications, autonomous database offerings and Oracle Cloud Infrastructure and recovery in cloud revenue growth have been benefiting the company. The recent partnership with Amazon for Oracle Database@AWS and general availability of Oracle Database@Google bodes well.

Yet, higher spending on product enhancements, especially toward the cloud platform amid increasing competition in the cloud domain remain major causes of concern.

(You can read the full research report on Oracle here >>>)

Shares of Merck have underperformed the Zacks Large Cap Pharmaceuticals industry over the past year (-0.5% vs. +12.9%). Per the Zacks analyst, generic competition for several drugs, rising competitive pressure on diabetes franchise and declining Gardasil sales in China may pose challenges for the company. There are concerns about Merck’s ability to grow its non-oncology business ahead of Keytruda’s loss of exclusivity in 2028.

However, Keytruda, and new products have been driving Merck’s sales. Animal health and vaccine products are core growth drivers. Merck boasts a strong cancer pipeline, including Keytruda, which should drive long-term growth.

(You can read the full research report on Merck here >>>)

Canterbury Park’s shares have underperformed the Zacks Gaming industry over the last six months (-4.9% vs. +19.8%). The Zacks analyst believes that weak casino revenues and substantial losses from equity investments have ailed the company. Increased competition also remains a concern. Canterbury Park faces ongoing regulatory hurdles, particularly with the introduction of 500 on-track ADW historical horse racing terminals, which are currently subject to legal challenges and legislative scrutiny.

Yet, Canterbury Park's Canterbury Commons Development offers significant long-term revenue potential through diversified projects like an amphitheater, Winners Circle and residential units, driving growth beyond traditional gaming. Also, the company’s vision of a regional destination is progressing, with leasing success indicating solid demand.

(You can read the full research report on Canterbury Park here >>>)

CompX’s shares have outperformed the Zacks Office Supplies industry over the last six months (+31.8% vs. -11.1%). The Zacks analyst believes that a diversified customer base, strategic inventory management and growth in the company’s Security Products segment, which includes mechanical and electrical cabinet locks has been aiding the company.

Yet, the Marine Components segment has been declining in sales due to reduced towboat demand. Rising raw material costs and and exposure to macroeconomic conditions and competitive pressures in mature markets also pose risks.

(You can read the full research report on CompX here >>>)

Other noteworthy reports we are featuring today include Wells Fargo & Company (WFC), Morgan Stanley (MS) and Southern Copper Corporation (SCCO).Director of ResearchSheraz MianNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

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Keytruda to Remain Merck's (MRK) Key Top-Line Driver

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Expansion Actions to Drive Southern Copper (SCCO), Costs AilThe Zacks analyst believes Southern Copper is poised well to gain from its industry-leading copper reserves and expansion actions. However, higher labor costs will hurt margins.

Pilgrim's Pride's (PPC) Operational Excellence to Fuel SalesPer the Zacks analyst, Pilgrim's Pride's focus on quality, service, and innovation has been enhancing its performance. Net sales of $4,585 million jumped 5.2% year over year in the quarter.

Rising Premiums Aid Molina Healthcare (MOH), High MCR Ratio HurtsPer the Zacks analyst, Molina Healthcare's rising revenues can be attributed to strong premium revenues and solid membership growth. A high medical care ratio remains a concern.

Restructuring Efforts, Acquisitions Aid Morgan Stanley (MS)Per the Zacks analyst, relatively high rates, strategic alliances, global footprint and Morgan Stanley's focus on less capital-markets dependent operations will support its financials, going forward.

Deposit Growth Aid Wells Fargo (WFC), Lower Loan Balance AilPer the Zacks Analyst, Wells Fargo's rising deposit balance will support the company's financials. However, a lower loan balance due to the asset cap will impede growth.

Solid Bookings & Fleet Expansion to Aid Royal Caribbean (RCL)Per the Zacks analyst, Royal Caribbean is likely to benefit from robust booking trends, fleet expansion and digital initiatives. Also, strength in consumer onboard spending bodes well.

New Upgrades

Triumph Group (TGI) Gains on Defense Orders & Air TrafficAs per the Zacks analyst, Triumph Group is likely to benefit from increasing defense order growth from the Pentagon and US allies. Also, improving commercial air traffic should boost its growth.

Strength in Aerospace Unit Boosts Plexus (PLXS) PerformancePer the Zacks analyst, momentum in the Aerospace/Defense sector is propelling Plexus' performance, with new program ramp-ups anticipated to fuel growth across all three divisions in fiscal 2025.

Robust Afirma Sales, LT Growth Drivers Aid Veracyte (VCYT)Per the Zacks analyst, the robust volume growth of Veracyte's Afirma test is backed by its performance evidence and ease of use. Progress with long-term (LT) growth drivers look promising.

New Downgrades

Ironwood's (IRWD) Overdependence on Linzess Poses ConcernPer the Zacks analyst, Ironwood's heavy dependence on its sole marketed drug Linzess for growth is a woe. Also, competition for Linzess in the target market is intensifying, which is an overhang.

Unfavorable Demand, Supply Issue May Hurt Enphase (ENPH)Per the Zacks analyst, unfavorable demand in parts of Europe may continue to hurt Enphase Energy's performance. Supply constraints for semiconductors can also impact the company.

Knight-Swift (KNX) Grapples With Rising Operating ExpensesPer the Zacks Analyst, high costs related to driver wages, equipment, maintenance, fuel and other expenses are increasing Knight-Swift's operating expenses. This is likely to weigh on the bottom line.

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

Wells Fargo & Company (WFC) : Free Stock Analysis Report

Morgan Stanley (MS) : Free Stock Analysis Report

Merck & Co., Inc. (MRK) : Free Stock Analysis Report

Oracle Corporation (ORCL) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

Alphabet Inc. (GOOGL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Southern Copper shows rising price performance, earning an upgrade to its IBD Relative Strength Rating.

VANCOUVER, BC, Dec. 10, 2024 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce that Lundin Mining's Swedish short-form document prepared in accordance with Article 1.4 da) and Annex IX of Regulation (EU) 2017/1129 (the "Short Form Document") for the proposed offer of new common shares of Lundin Mining (the "Lundin Mining Shares") to holders of Euroclear Sweden AB registered common shares of Filo Corp. ("Filo") in connection with the previously announced arrangement under the Canada Business Corporations Act whereby the Company and BHP Investments Canada Inc. ("BHP" and together with Lundin Mining, the "Purchaser Parties"), a wholly-owned subsidiary of BHP Group Limited will, among other things, acquire all of the issued and outstanding common shares of Filo not already owned by the Purchaser Parties and their respective affiliates (the "Arrangement"), has been filed with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). View PDF

The Short Form Document is available on Lundin Mining's website (www.lundinmining.com).

The completion of the Arrangement and the issuance of the new Lundin Mining Shares to shareholders of Filo remain subject to the satisfaction of customary closing conditions for a transaction of this nature, including, among other things, regulatory approvals and relevant stock exchange approvals. The Arrangement is anticipated to be completed in the first quarter of 2025 (the "Effective Date") subject to the satisfaction or waiver of closing conditions. Trading of the new Lundin Mining Shares on Nasdaq Stockholm is expected to commence as soon as possible following the Arrangement becoming effective on the Effective Date, subject to Nasdaq Stockholm approving the admission to trading of such shares and completion of the Arrangement.

About Lundin Mining

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

The information was submitted for publication, through the agency of the contact persons set out below on December 10, 2024 at 1:00 PM PST.

Cautionary Statement on Forward-Looking Information

Certain of the statements made and information contained herein are "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the completion of the Arrangement and the expected timing thereof; the satisfaction of the conditions precedent to the Arrangement; the listing of the new Lundin Mining Shares on Nasdaq Stockholm and the timing thereof; and expectations for other economic, business, and/or competitive factors. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking information.

Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including the Company's ability to achieve goals; the prompt and effective integration of acquisitions, including the completion of the Arrangement; the establishment of the 50/50 joint arrangement with BHP and the realization of synergies and economies of scale in connection therewith; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information and undue reliance should not be placed on such information. Such factors include, but are not limited to, global financial conditions, market volatility and inflation; the ability to consummate the Arrangement; the ability to obtain requisite regulatory approvals and the satisfaction of other remaining conditions to the consummation of the Arrangement on the proposed terms and schedule; the establishment of the 50/50 joint arrangement with BHP and the realization of synergies and economies of scale in connection therewith; the inability to currently control Filo and the ability to satisfy the relevant conditions and complete the Arrangement and establish the 50/50 joint arrangement with BHP on the proposed terms and schedule; risks relating to joint ventures, joint arrangements and operations; the potential impact of the consummation of the Arrangement on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Arrangement. This forward-looking information may be affected by risks and uncertainties in the business of Lundin Mining and Filo and market conditions; and other risks and uncertainties, including but not limited to those described in the "Risks and Uncertainties" section of the Company's MD&A for the three and nine months ended September 30, 2024 and the "Risks and Uncertainties" section of the Company's Annual Information Form for the year ended December 31, 2023, which are available on SEDAR+ at www.sedarplus.com under the Company's profile.

All of the forward-looking information in this document is qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecasted or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

Lundin Mining Publishes Swedish Short Form Document for Offer of New Lundin Mining Shares in Connection with the Acquisition of Filo Corp. (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/10/c6436.html

Canada Carbon Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Toronto, ON, Canada, Dec. 10, 2024 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V : CCB) is pleased to announce a non-brokered private placement of up to 27,500,000 flow-through units (each, a “FT Unit”) at a price of $0.02 per FT Unit for aggregate gross proceeds of up to $550,000 (the “Offering”). Each FT Unit shall be comprised of one (1) flow-through share in the capital of the Company (each, a “FT Share”) and one (1) common share purchase warrant (each, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one (1) common share in the capital of the Company at a price of $0.07 per share for a period of 60 months from the date of issuance. The FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).

All securities issued pursuant to the Offering 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. The proceeds from the Offering will be used by the Company for eligible exploration expenditures. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

In connection with the Offering, the Company may pay a finder’s fee to eligible arm’s length parties. The finder’s fee may consist of a cash fee equal to up to 8% of the gross proceeds of the Offering and finder’s warrants (each, a “Finder’s Warrant”) equal to up to 8% of the FT Units issued pursuant to the Offering. Each Finder’s Warrant shall entitle the holder to acquire one (1) common share in the capital of the Company at a price of $0.07 per Common Share for a period of 60 months from the date of issuance.

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.

CANADA CARBON INC. “Ellerton Castor”Chief Executive Officer and DirectorContact InformationE-mail inquiries: info@canadacarbon.comP: (905) 407-1212

FORWARD LOOKING STATEMENTS

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 Offering and use of proceeds from the Offering. 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 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.

62593204.1

Futures tied to Canada's main stock index rose on Monday, helped by oil and metal prices, while investors looked ahead to this week's Bank of Canada's interest rate decision.

The TSX gained 11.76 points to conclude Friday at 25,691.80. On the week, the gain was nearly 44 points, or 0.17%.

December futures zoomed 0.4% Monday.

The Canadian dollar nicked higher 0.07 cents to 70.75 cents U.S.

The Bank of Canada is expected to cut the interest rate by half a percentage point on Wednesday, marking its second consecutive rate cut of such magnitude.

Bets for a hefty cut jumped after Friday's data showed a sharp rise in the unemployment rate, with nearly 80% of respondents in a Reuters poll predicting a 50-bps cut on Dec. 11 to 3.25%.

In corporate news, Swedish mining group Boliden agreed to buy Lundin Mining's Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden.

ON BAYSTREET

The TSX Venture Exchange poked ahead 1.93 points to 610.22, declining on the week four points, or 0.66%.

ON WALLSTREET

U.S. stock futures were slightly lower on Monday after the S&P 500 and NASDAQ Composite posted their third straight winning week, ahead of key inflation data due out this week.

Futures for the Dow Jones Industrial average forged higher 19 points to 44,725.

Read:

Futures for the S&P 500 sank 7.25 points, or 0.1%, to 6,091.25

Futures for the NASDAQ Composite Index slid 54 points, or 0.3%, to 21,478.50.

The S&P 500 and NASDAQ closed at fresh records Friday, rising 1% and 3.3% for the week, respectively. The Dow was the lone laggard, closing the week down 0.6%.

Those moves come after the November jobs report showed stronger-than-expected growth, but not so much strength as to dent investor hopes the Federal Reserve will lower interest rates this month. Markets are pricing in an 85% chance the target rate will be lowered by a quarter point at the conclusion of the Dec. 18 meeting.

The November consumer price index, due out Wednesday, is expected to show a slight uptick in pricing pressures. Economists polled by Dow Jones expect a 0.3% and 2.7% monthly and yearly increase, respectively. That would be up from 0.2% and 2.6%, respectively, from the prior month.

On Monday, investors await October wholesale inventories data, due at 10 a.m. ET.

In Japan, the Nikkei 225 gained 0.2% Friday, while in Hong Kong, the Hang Seng jumped 2.8%

Oil prices poked 87 cents to $68.07 U.S. a barrel.

Gold prices rocketed $20.00 to $2,655.90 U.S. an ounce.

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