TORONTO, July 07, 2021–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), is pleased to report that it has signed an agreement with the Mexican Ministries of Economy, Interior and Labour committing to a reopening at the Cosalá Operations shut for over 17 months by an illegal blockade.

After the long period of denied access, the agreement contemplates immediate right to possession of the property with a joint inspection coordinated by the Ministry of Labor this Thursday, so that the mine can restart operations in a safe and sustainable manner. Following the inspection and Company review, the Company will provide an update on a schedule to a return to normal operations at the mine and mill.

Once production can be initiated, it is anticipated that the current higher silver prices will allow the Company to target the higher-grade silver ores in the Upper Zone of San Rafael and develop the silver-copper EC120 project. Mining these silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver per annum in the years following the restart. Coupled with the exploration success at the Galena Complex in Idaho, where the Company is targeting to reach peak historical annual production levels of approximately 5 million ounces per year, the Company expects to significantly increase silver production over the next few years.

"I am very pleased that this agreement could be signed," stated Americas Gold and Silver President & CEO Darren Blasutti. "Through extensive deliberations with senior Mexican ministers, certain union representatives, the will of our workers and the community and the President of Mexico, the agreement is a significant step to ensure the long-term stability of the operations by its signatories. I would like to personally thank all parties involved including our employees and representatives in Mexico, the Mexican and Sinaloa governments, the people of Cosalá, and the organizers of numerous petitions and rallies who have all played important roles in providing a long-term solution for the benefit of the Cosalá Operations. The Company is eager to get the operation ramped-up for all to benefit from the current strong silver, zinc and lead prices."

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other precious metals, the expected prices of gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures; the reopening at the Cosalá Operations, including the expected production levels and potential additional mineral resources thereat; the expected resolution of the illegal blockade at the Company’s Cosalá Operations and the restart of mining operations, including the expected timing thereof. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential’, "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate the Company’s operations ; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. 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, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward‐looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210707005341/en/

Contacts

Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416-874-1708

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416‐848‐9503

Shares Outstanding: 277,497,367
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, July 7, 2021 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for the quarter ending June 30, 2021 of 575,302 silver equivalent ounces ("AgEq"), consisting of 315,632 silver ounces, 3,170 gold ounces, and 120 tonnes of copper. Parral has generated positive free cash flow for ten consecutive quarters, with estimated free cash flows exceeding US$5.5 million this quarter.

"Parral continues to be an engine of free cash flow, generating in excess of US$5.5 million this quarter. We finished the quarter with a strong cash balance of over $73 million US," said Brad Langille, President and CEO. "Parral's free cash flow, when reinvested in Los Ricos, is creating exceptional value growth for our shareholders."

Table 1: Quarterly Production Summary

Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

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 production and cash flows of the Parral tailings mine, the ability of GoGold to self fund its ongoing exploration and administrative costs, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

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

View original content:https://www.prnewswire.com/news-releases/parral-reports-tenth-consecutive-quarter-of-positive-cash-flow-on-production-of-575k-ageq-oz-301326718.html

SOURCE GoGold Resources Inc.

View original content: http://www.newswire.ca/en/releases/archive/July2021/07/c9083.html

Figure 1

Sample Locations

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, July 07, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN) is pleased to provide the results of the first assays after accessing the Virginius Vein on the 1800 level as well an update on progress towards first production.

INITIAL ASSAY RESULTS

The initial samples of the Virginius Vein intersection on the 1800 level assayed 38.611 ounces per ton (opt) (1,323.8 g/t) of silver equivalent¹ over a vein width of 2.5 feet, including 85.782 opt (2,941.1 g/t) of silver equivalent¹ over 0.6 feet (see below Table 1 and Figure 1 for details). These results compare favorably with the reserve grade in this location of 24.7 opt (846.8 g/t) silver equivalent¹ over 1.4 feet as reported in the 2018 feasibility study (the “2018 FS”) prepared in accordance with National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). A copy of the 2018 FS is posted on the Company’s website www.aurcana.com and is also available on the Company’s profile on SEDAR at www.sedar.com.

Assay Details

_____________________________
¹ Silver equivalent is based on the 2Q 2021 average London prices of Ag US$26.6387/oz, Au US$1,805.04/oz, Pb US$0.9568/lb and Zn US$1.3206/lb

Figure 1 accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c6412ec5-6c77-4d31-94c5-2797d9b42e55

RESTART PROGRESS UPDATE

The Revenue-Virginius project remains on track to reach full production (270 stpd) by September 2021.

• Development ore to be delivered to the process plant in July 2021 for commissioning and restart.

• Ore throughput will be ramped up to 110 short tons per day (stpd) during August, and then to full production of 270 stpd during September.

• Concentrate shipments are anticipated to begin in early August. Trafigura Trading LLC is the off-taker for 100% of the concentrates and will pay 95% of the contained metals value based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.

• Payable silver equivalent² production for the period between August and December 2021 is forecast to be 1,300,000-1,600,000 ounces at an estimated cash operating costs of between US$10.00 to US$12.00/oz silver after by-product credits³.

_____________________________
² Silver equivalent is based on the 2Q 2021 average London prices of Ag US$26.6387/oz, Au US$1,805.04/oz, Pb US$0.9568/lb and Zn US$1.3206/lb; includes payability and payment timing of the Trafigura offtake contract.

³ By-product credit metal pricing is the same as Silver equivalent pricing

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101

ABOUT AURCANA CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

“Kevin Drover”
President & CEO

For further information, visit the website at www.aurcana.com or contact:

Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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

In this article, we will be looking at the 10 best silver mining stocks to invest in. If you want to skip our detailed analysis of the precious metals industry, you can go directly to the 5 Best Silver Mining Stocks to Invest In.

As inflation fears are beginning to grow, more attention is being focused on the precious metals industry, particularly on gold and silver as viable hedges against inflation. Silver itself can be considered to be doing even better than gold, considering the metal's dual use as both a precious and industrial metal. A Bloomberg report has explained how silver may be set to outperform gold during these financially turbulent times, as the metal is also a core material in solar panels and plays a large role in the energy industry as well. Analysts and major stakeholders like Philip Klapwijk, the managing director of Precious Metals Insights Ltd., has commented that in light of silver's role in industrial sectors like the solar, 5G and automotive sectors, demand for the metal seems set to rise steadily over the coming years, especially in light of more robust investment in the metal leading to the creation of more silver storage spaces as well.

The Silver Institute has stated that physical investments in silver are expected to reach 257 million ounces this year, which would mark the highest value in six years of investing in the metal. Citigroup has also forecasted the metal to be traded at a higher value of $28 to $30 an ounce in the latter half of 2021, while Morgan Stanley stated that the value would average $25 an ounce, a 22% increase from 2020. Additionally, to make the case for silver beating gold this time around, analyst Rohit Savant from CPM Group has commented that silver's demand in the energy industry would boost its price even higher, resulting in the metal beating gold because of a combination of factors including cheaper valuation and strong investment demand.

The retail-investor frenzy led by the online investors of Reddit's WallStreetBets forum, infamous for their short squeeze of GameStop Corp. (NYSE: GME), has also racked up silver demand. This January, the metal reached an eight-year high, with a rise in most-active futures by 13% to $30.35 an ounce and a purchasing spree of silver coins and bars, according to Bloomberg. BlackRock Inc. managed iShares Silver Trust (NYSE: SLV) declared a net inflow of $944 million during this time period, with CME Group raising futures margins by 18%. Conflicting opinions on Reddit and elsewhere have also made it clear that a short squeeze of a deeper market like the silver trade may not be as easy as it was for GameStop Corp. (NYSE: GME), as also commented by Howie Lee, an Oversea-Chinese Banking Corp. economist.

Regardless, rising inflation, higher demand because in a range of industrial sectors, and a retail-investor driven buying binge has resulted in silver being considered not only a good hedge against inflation, or a typical precious metal, but an overall smart investment choice for anyone in any position. As such, stocks like First Majestic Silver Corp. (NYSE: AG), Wheaton Precious Metals Corp. (NYSE: WPM), Hecla Mining Company (NYSE: HL), and iShares Silver Trust (NYSE: SLV) are becoming increasingly attractive investment options. We have thus compiled a list of the best silver mining stocks to invest in.

Photo by Ricardo Gomez Angel on Unsplash

Investing is becoming difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Without further ado, let's look at the 10 best silver mining stocks to invest in. These stocks have been selected based on hedge fund sentiment, fundamentals, analysts' ratings, and growth potential based on core business strengths.

10 Best Silver Mining Stocks to Invest In

10. Silvercorp Metals Inc. (NYSE: SVM)

Number of Hedge Fund Holders: 10

Silvercorp Metals Inc. (NYSE: SVM) is a mining company working to acquire, explore, develop, and mine mineral properties in China and Mexico with a focus on silver, gold, lead, and zinc metals. The company owns the Ying silver-lead-zinc project in the Ying Mining District in Henan Province, China, and ranks 10th on our list of the best silver mining stocks to invest in.

Raymond James has initiated coverage of Silvercorp Metals Inc. (NYSE: SVM) with a Market Perform rating, with analyst Craig Stanley commenting that the company's financial year 2022 production can be expected to be 9.3 million Ag equivalent ounces. This May, Silvercorp Metals Inc. (NYSE: SVM) announced its semi-annual dividend of $0.0125 with a forward yield of 0.39%. In the fiscal fourth quarter of 2021, Silvercorp Metals Inc. (NYSE: SVM) had an EPS of $0.03, missing estimates by -$0.02. The company's revenue was $35.73 million, up 89.47% year over year but missing estimates by -$0.47 million. The company's gross profit margin is 65.48% and the stock has gained 6.53% in the past year. It currently has three Buy ratings and a consensus Overweight rating, according to the Wall Street Journal.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Silvercorp Metals Inc. (NYSE: SVM). The total value of their stakes was roughly $30.8 million. This is compared to 12 hedge fund holders in the previous quarter with a total stake value of about $51.3 million. Like First Majestic Silver Corp. (NYSE: AG), Wheaton Precious Metals Corp. (NYSE: WPM), Hecla Mining Company (NYSE: HL), and iShares Silver Trust (NYSE: SLV), Silvercorp Metals Inc. (NYSE: SVM) is a good silver mining stock to invest in.

9. Endeavour Silver Corp. (NYSE: EXK)

Number of Hedge Fund Holders: 10

Endeavour Silver Corp. (NYSE: EXK) is a precious metals mining company working to acquire, explore, develop, extract, process, and refine mining properties in Mexico and Chile. The company explores gold and silver deposits among other precious metals and ranks 9th on our list of the best silver mining stocks to invest in.

This April, Endeavour Silver Corp. (NYSE: EXK) gained in light of robust growth in its first-quarter production: gold production was up 31% year over year to 11,109 ounces, while silver production was up 22% year over year to 1.05 million ounces. In the first quarter of 2021, Endeavour Silver Corp. (NYSE: EXK) had an EPS of -$0.03, missing estimates by -$0.06. The company's revenue was $34.43 million, up 56.17% year over year but missing estimates by -$4.35 million. The company's gross profit margin is 43.92% and Endeavour Silver Corp. (NYSE: EXK) has gained 7.37% in the past 6 months and 8.7% year to date as well.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Endeavour Silver Corp. (NYSE: EXK). The total value of their stakes was roughly $9.02 million. This is compared to 10 hedge fund holders in the previous quarter with a total stake value of about $19.5 million. Like First Majestic Silver Corp. (NYSE: AG), Wheaton Precious Metals Corp. (NYSE: WPM), Hecla Mining Company (NYSE: HL), and iShares Silver Trust (NYSE: SLV), Endeavour Silver Corp. (NYSE: EXK) is a good silver mining stock to invest in.

8. Fortuna Silver Mines Inc. (NYSE: FSM)

Number of Hedge Fund Holders: 12

Fortuna Silver Mines Inc. (NYSE: FSM) is a mining company extracting and processing precious and base metal deposits in Latin America. The company's properties include the Caylloma silver, lead, and zinc mine in southern Peru, the San Jose silver and gold mine in Southern Mexico, and the Lindero gold project in Argentina. It ranks 8th on our list of the best silver mining stocks to invest in.

This July, BMO Capital resumed its coverage of Fortuna Silver Mines Inc. (NYSE: FSM) with an Outperform rating. Analyst Ryan Thompson considers the selloff since the announcement of the acquisition of Roxgold (OTC: ROGFF) is overdone, and that the company is actually a strong and diversified investment option. On June 29th, Fortuna Silver Mines Inc. (NYSE: FSM) shareholders approved the company's acquisition of Roxgold (OTC: ROGFF). The deal was announced earlier this year and was valued at $891 million. In the first quarter of 2021, Fortuna Silver Mines Inc. (NYSE: FSM) had an EPS of $0.14, beating estimates by $0.05. The company's revenue was $117.8 million, up 148% year over year and higher than the previous quarter's $103.5 million revenue. Its gross profit margin is 44.11% and the stock has gained 13.22% in the past year.

By the end of the first quarter of 2021, 12 hedge funds out of the 866 tracked by Insider Monkey held stakes in Fortuna Silver Mines Inc. (NYSE: FSM). The total value of their stakes was roughly $19.8 million. This is compared to 11 hedge fund holders in the previous quarter with a total stake value of about $29.7 million. Like First Majestic Silver Corp. (NYSE: AG), Wheaton Precious Metals Corp. (NYSE: WPM), Hecla Mining Company (NYSE: HL), and iShares Silver Trust (NYSE: SLV), Fortuna Silver Mines Inc. (NYSE: FSM) is a good silver mining stock to invest in.

7. First Majestic Silver Corp. (NYSE: AG)

Number of Hedge Fund Holders: 15

First Majestic Silver Corp. (NYSE: AG) explores and develops mineral properties, mainly silver and gold, in Mexico. The company holds 100% interest in the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine. It ranks 7th on our list of the best silver mining stocks to invest in.

In May, National Bank analyst Don DeMarco upped the stock's price target to C$21 from C$20 and kept a Sector Perform rating.

This May, First Majestic Silver Corp. (NYSE: AG) declared its quarterly dividend of $0.0045 per share, with a forward yield of 0.12%. In the first quarter of 2021, First Majestic Silver Corp. (NYSE: AG) had an EPS of $0.03, missing estimates by $0.03, while its revenue was $100.52 million. The company's gross profit margin is 40.74% and it has gained 9.75% in the past 6 months and 9.9% year to date.

By the end of the first quarter of 2021, 15 hedge funds out of the 866 tracked by Insider Monkey held stakes in First Majestic Silver Corp. (NYSE: AG). The total value of their stakes was roughly $54.7 million. This is compared to 12 hedge fund holders in the previous quarter with a total stake value of about $84.8 million.

6. Hecla Mining Company (NYSE: HL)

Number of Hedge Fund Holders: 16

Hecla Mining Company (NYSE: HL) operates in the US and internationally to discover and develop precious and base metal properties. It offers lead, zinc, and bulk concentrates, alongside unrefined gold and silver bullion bars. The company ranks 6th on our list of the best silver mining stocks to invest in.

This May, Hecla Mining Company (NYSE: HL) announced its quarterly dividend of $0.01125 per share, representing a 28.4% increase from the company's previous dividend of $0.00875. In the first quarter of 2021, Hecla Mining Company (NYSE: HL) had an EPS of $0.06, beating estimates by $0.02. Its revenue was $210.85 million, up 53.99% year over year and beating estimates by $6.37 million. The company has a gross profit margin of 47.78% and Hecla Mining Company (NYSE: HL) has gained 7.18% in the past 6 months and 9.87% year to date. In May, the stock's price target was raised by CIBC analyst Cosmos Chiu to $7.50 from $6.75 with a Neutral rating.

By the end of the first quarter of 2021, 16 hedge funds out of the 866 tracked by Insider Monkey held stakes in Hecla Mining Company (NYSE: HL). The total value of their stakes was roughly $39.7 million. This is compared to 10 hedge fund holders in the previous quarter with a total stake value of about $38.05 million.

Click to continue reading and see the 5 Best Silver Mining Stocks to Invest In.

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Disclosure: None. 10 Best Silver Mining Stocks to Invest In is originally published on Insider Monkey.

CHICAGO, July 06, 2021–(BUSINESS WIRE)–Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that it will report its second quarter 2021 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, July 28, 2021. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, July 29, 2021.

Hosting the call will be Mitchell J. Krebs, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Senior Vice President and Chief Financial Officer, Michael "Mick" Routledge, Senior Vice President and Chief Operating Officer, and other members of management. A replay of the call will be available through August 5, 2021.

About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, the Company has interests in several precious metals exploration projects throughout North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210706005621/en/

Contacts

Coeur Mining, Inc.
104 S. Michigan Avenue, Suite 900
Chicago, Illinois 60603
Attention: Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com

TORONTO, July 06, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE and TSX: MUX) announces a non-brokered private placement financing of up to 8,000,000 common shares of its wholly-owned subsidiary McEwen Copper Inc. at a subscription price of US$10.00 per common share, for gross proceeds of up to US$80 million (the "Offering"). McEwen Copper currently has 17,500,000 common shares outstanding.

A lead order to purchase 50% of the Offering has been committed by Rob McEwen, Chairman and Chief Owner of McEwen Mining. His investment corporation, Evanachan Limited, will purchase 4,000,000 common shares of McEwen Copper for US$40 million and is prepared to close on this portion of the Offering immediately.

Subscription for the remaining 4,000,000 common shares is available to qualified accredited investors, subject to a US$2 million minimum investment and certain other conditions. The securities sold in the Offering are private and subject to transfer restrictions until such time they become listed on a public exchange.

Pursuant to this transaction, McEwen Copper will hold a 100% interest in the Los Azules copper project in San Juan, Argentina, and a 100% interest in the Elder Creek exploration property in Nevada, subject to a 1.25% net smelter return (NSR) royalty on both assets payable to McEwen Mining.

Assuming completion of the full amount of the Offering, McEwen Mining will be the controlling shareholder and own 68.6% of McEwen Copper. The new investors, including Rob McEwen, will own 31.4%.

McEwen Copper intends to pursue an initial public listing within 12 months from the closing of this Offering. Proceeds from the Offering will be used exclusively by McEwen Copper to advance the Los Azules project to a pre-feasibility study, construction of a new year-round access road to the project, exploration drilling at Los Azules and Elder Creek, environmental permitting and community relations, and general corporate purposes.

"This is a significant and exciting moment for McEwen Mining because of the value it should release. Currently, the market appears to be giving us little value for our Los Azules copper deposit, despite its impressive size and robust economics at present copper prices. Unfortunately, the scale of the required project development expenditures would require McEwen Mining to issue a massive number of additional shares. This share dilution would not be acceptable. However, we believe that by putting our copper assets, Los Azules and Elder Creek, into a separately listed company exclusively focused on copper, we can create an attractive copper investment vehicle. It will allow us to raise the money necessary to fund progress towards the rapid development of one of the world's largest copper resources. We expect that McEwen Copper will compare very favorably to other single-asset copper developers. Within 12 months of closing this Offering we plan to take the company public. In the interim, we will be investigating ways to make a share distribution to you, MUX shareowners, of a portion of McEwen Mining’s holdings of McEwen Copper in a tax-efficient way," stated Rob McEwen, Chairman and Chief Owner.

The proposed Offering was reviewed and approved by the disinterested members of the board of McEwen Mining. McEwen Mining will retain management direction over McEwen Copper and has engaged consultants with significant expertise and experience developing and operating copper mines in South America.

Los Azules is an advanced large-scale porphyry copper exploration project located in the prolific Andean Cordillera copper belt, 56 miles (90 km) north of Glencore’s El Pachón project and near the border with Chile. In 2017, McEwen Mining completed a positive Preliminary Economic Assessment (PEA) on the project, which is available at www.mcewenmining.com/operations/los-azules. Elder Creek is an early-stage copper-gold porphyry exploration project located in Northern Nevada 6 miles (9 km) from SSR Mining’s Marigold Mine Complex.

The Offering is expected to close by July 30, 2021.

This news release and the information included herein do not constitute an offer to buy or the solicitation of an offer to subscribe for or to buy any of the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

CAUTION STATEMENT CONCERNING FORWARD-LOOKING INFORMATION

This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the private securities litigation reform act of 1995. The forward-looking statements are intended to be subject to the safe harbor provided by section 27a of the securities act of 1933, section 21e of the securities exchange act of 1934 and private securities litigation reform act of 1995.

This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.

ABOUT MCEWEN MINING

McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina.

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Pan American Silver Corp. (TSE:PAAS) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. It may sound complicated, but actually it is quite simple!

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

See our latest analysis for Pan American Silver

Crunching the numbers

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

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$3.0b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (1.5%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 6.5%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$258m× (1 + 1.5%) ÷ (6.5%– 1.5%) = US$5.3b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$5.3b÷ ( 1 + 6.5%)¹⁰= US$2.8b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$5.8b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of CA$35.6, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

Important assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Pan American Silver as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.5%, which is based on a levered beta of 1.049. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Next Steps:

Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Pan American Silver, we've compiled three additional elements you should look at:

1. Financial Health: Does PAAS have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.

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

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

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

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

TSX: MSV; OTCQX: MISVF; WKN:A0ESX5

VANCOUVER, BC, July 5, 2021 /CNW/ – Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) (OTCQX: MISVF) (WKN: A0ESX5) is pleased to announce the following:

The Annual General Meeting of shareholders was held on June 30, 2021 and all resolutions were approved.

Detailed voting results at the Meeting are set out as follows:

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX listed company focusing on the exploration and development of mineral resource projects. The Company's primary focus is to advance our properties, the Fuwan Silver Project and the Changkeng Gold Project, towards production. The Fuwan Silver Project and the Changkeng Gold Project are adjoined and are located approximately 45 kilometres southwest of Guangzhou City, China. We also seek to identify and acquire additional precious metal dominant projects that we believe will enhance shareholder value. For more information on Minco Silver, please visit the Company's website at www.mincosilver.ca or contact Jennifer Trevitt, at 1-888-288-8288 or (604) 688-8002 pr@mincosilver.ca

SOURCE Minco Silver Corporation

View original content: http://www.newswire.ca/en/releases/archive/July2021/05/c7918.html

Fortuna Silver Mines Inc. FSM and Roxgold Inc. recently completed the previously announced business combination, which has resulted in a low-cost intermediate gold and silver producer with four operating mines in Americas and West Africa — two of the world’s fastest growing precious metals producing regions. The combined company has a projected annual gold equivalent production profile of approximately 450,000 ounces. It has one of the best organic growth pipelines among any of the intermediate precious metal producers as well as peer-leading free cash flow generation, increased scale and diversification, and lower costs.

Canada-based Fortuna Silver had three mines — San Jose mine in Mexico, Lindero Mine in Argentina and Caylloma Mine in Peru. Following the combination with RoxGold, it now has operations in West Africa with the addition of Roxgold’s high-grade Yaramoko Gold Mine located in Burkina Faso and its advanced development project Séguéla Gold Project located in Côte d’Ivoire.

Financials Details

Fortuna acquired all of Roxgold’s shares in exchange for 0.283 of a common share of Fortuna and C$0.001 (0.00081) in cash for each Roxgold Share held. Roxgold is now a wholly-owned subsidiary of Fortuna. Following both the companies’ shareholder approval, the British Columbia Supreme Court granted a final order on Jun 30, 2021 approving the arrangement.

Rationale of the Deal

Following the merger, Fortuna Silver’s is expected to produce approximately 450,000 gold equivalent ounces, which is expected to increase further once the Séguéla comes online. Roxgold’s Yaramoko and Séguéla are low-cost assets with low technical complexity contributing meaningfully to growth, while reducing overall costs. Fortuna Silver’s All-In Sustaining Cost (AISC) is projected at approximately $950 per gold equivalent ounce, lower than nearest peers like Coeur Mining, Inc. CDE, Pan American Silver Corp. PAAS, First Majestic Silver Corp. AG, Hochschild Mining and Hecla Mining Company.

It will have an extensive brownfield and greenfield organic growth potential supported by a large base of mineral reserves and mineral resources in Latin America and West Africa. Backed by a strong balance sheet, significantly higher liquidity will provide the company the flexibility to pursue other organic and external growth opportunities. The combined company will have a projected EBITDA of around $487 million in 2021 and free cash flow of $211 million — outperforming peers like Hecla Mining, Hochschild, Coeur Mining and First Majestic. Over the time span of 2021 to 2023, the company is expected to generate pro forma average annual EBITDA of more than $500 million. Silver will continue to be a meaningful contributor to revenues.

Price Performance

Image Source: Zacks Investment Research

Shares of the company have gained 13.2% over the past year compared with the industry’s rally of 32.4%.

Zacks Rank

Fortuna Silver currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Fortuna Silver Mines Inc. (FSM) : Free Stock Analysis Report

Coeur Mining, Inc. (CDE) : Free Stock Analysis Report

Pan American Silver Corp. (PAAS) : Free Stock Analysis Report

First Majestic Silver Corp. (AG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Investors focused on the Basic Materials space have likely heard of Impala Platinum Holdings (IMPUY), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Impala Platinum Holdings is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IMPUY is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for IMPUY's full-year earnings has moved 6.32% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, IMPUY has gained about 22.82% so far this year. At the same time, Basic Materials stocks have gained an average of 19.54%. As we can see, Impala Platinum Holdings is performing better than its sector in the calendar year.

Looking more specifically, IMPUY belongs to the Mining – Miscellaneous industry, a group that includes 47 individual stocks and currently sits at #106 in the Zacks Industry Rank. Stocks in this group have gained about 31.07% so far this year, so IMPUY is slightly underperforming its industry this group in terms of year-to-date returns.

IMPUY will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.

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Impala Platinum Holdings Ltd. (IMPUY) : Free Stock Analysis Report
 
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VANCOUVER, British Columbia, July 02, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (“Fortuna”) (NYSE: FSM | TSX: FVI) and Roxgold Inc. (“Roxgold”) (TSX: ROXG | OTCQX: ROGFF) are pleased to announce the completion of the previously announced business combination between Fortuna and Roxgold (the "Transaction") to create a global premier growth-oriented intermediate gold and silver producer. For additional details related to the Transaction, please refer to the joint news release dated April 26, 2021, “Fortuna And Roxgold Agree To Business Combination Creating A Low-Cost Intermediate Global Precious Metals Producer”.

Jorge A. Ganoza, President and CEO of Fortuna, commented, “The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest growing precious metals producing regions in the world.” Mr. Ganoza added, “We look forward to a successful integration and to continue building the business in West Africa on the solid foundations cemented by Roxgold.”

John Dorward, President and Chief Executive Officer of Roxgold, commented, “I would like to thank the Roxgold shareholders for their support. I am very proud of the Roxgold team and what we accomplished together and believe Fortuna is now positioned with one of the best organic growth pipelines among any of the intermediate precious metal producers, supported by peer-leading free cash flow generation, increased scale and diversification, and a lower cost of capital.”

The Transaction was completed by way of a court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) pursuant to the arrangement agreement between Fortuna and Roxgold dated effective April 26, 2021. Under the terms of the Transaction, Fortuna acquired all the issued and outstanding common shares ("Roxgold Shares") of Roxgold in exchange for 0.283 of a common share of Fortuna (a "Fortuna Share") and C$0.001 in cash for each Roxgold Share held. Upon completion of the Transaction, Roxgold is a wholly-owned subsidiary of Fortuna.

The Transaction was approved by Roxgold shareholders at a special shareholder meeting held on June 28, 2021 and the issuance of Fortuna Shares under the terms of the Transaction was approved by Fortuna shareholders at Fortuna's annual and special meeting held on June 28, 2021. Following the shareholder meetings, the British Columbia Supreme Court granted a final order on June 30, 2021 approving the Arrangement.

Addition to Fortuna's Board of Directors

Upon completion of the Transaction, Kate Harcourt, a member of the board of directors of Roxgold, was appointed to the board of directors of Fortuna.

Information for former Roxgold Shareholders

Fortuna will continue under the name "Fortuna Silver Mines Inc." with the ticker symbol "FVI" on the Toronto Stock Exchange and "FSM" on the New York Stock Exchange. The Roxgold Shares are expected to be delisted from the TSX and OTCQX two to three trading days following closing and an application will be made to have Roxgold cease to be a reporting issuer.

In order to receive the Fortuna Shares and cash consideration under the Arrangement, registered Roxgold shareholders who hold physical share certificates or DRS Statements must submit a letter of transmittal to Computershare Investor Services Inc. A copy of the letter of transmittal is available on Roxgold's SEDAR profile at www.sedar.com. Roxgold shareholders who hold their Roxgold Shares though a broker or other intermediary should follow the instructions provided by such broker or other intermediary.

Advisors and Counsel

INFOR Financial Inc. acted as financial advisor to Fortuna in connection with the Transaction. Scotiabank acted as financial advisor to the Fortuna Board of Directors in connection with the Transaction. Blake, Cassels & Graydon LLP and Paul Weiss LLP acted as Fortuna’s Canadian and United States legal advisors, respectively.

BMO Capital Markets acted as financial advisor to Roxgold in connection with the Transaction. Canaccord Genuity Corp. acted as financial advisor to the Roxgold special committee and Board of Directors in connection with the Transaction. Davies Ward Phillips & Vineberg LLP acted as Roxgold’s legal advisor.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines and a development project in Argentina, Mexico, Peru, Côte d’Ivoire, and Burkina Faso. Sustainability is integral to all of Fortuna's operations and relationships. Fortuna produces gold and silver and generates shared value over the long-term for its shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit Fortuna´s website.

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included, other than statements of historical fact, which address activities, events or developments that Fortuna or Roxgold expects or anticipates may or will occur in the future, are forward-looking information.

The Forward-looking Statements in this news release may include, without limitation, statements about Fortuna and Roxgold’s current expectations, anticipated synergies and benefits of the Transaction, statements with respect to the trading of the Fortuna shares on the Toronto Stock Exchange and New York Stock Exchange, and the de-listing of the Roxgold Shares. Readers are also cautioned that such additional information is not exhaustive. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “anticipated”, “estimated”, "expected", “potential”, “future”, “assumed”, “projected”, “planned”, “to be”, "will" or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these factors are independent and management's future course of action would depend on its assessment of all information at that time. Readers are urged to consult the disclosure provided under the heading "Risk Factors" in each of Fortuna’s and Roxgold’s annual information form for the year ended December 31, 2020 which has been filed on SEDAR at www.sedar.com for further information regarding the risks and other factors applicable to the Arrangement.

Although Fortuna and Roxgold believe that the expectations conveyed by the Forward-looking Statements are reasonable based on information available at the date of preparation, no assurances can be given as to future results, levels of activity and achievements. Fortuna and Roxgold disclaim any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, July 2, 2021 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") announces that at the Annual General Meeting of shareholders held on June 30, 2021, each of the 6 nominees listed in the management information circular filed on June 2, 2021 with regulatory authorities were elected as directors of the Company. 25,321,568 shares were voted representing 21.76% of the outstanding shares of the Company.

The Company is pleased to announce all resolutions received support from our shareholders at the meeting. Incumbent directors Joseph Grosso, Nikolaos Cacos, David Terry, John Gammon, Louis Salley and Alfred Hills were re-elected to the Board of Directors of the Company.

The Company also announces that it received shareholder approval for its New Stock Option Plan at the Annual General & Special Meeting of shareholders held on September 17, 2020. As it is a Fixed Plan, annual shareholder approval was not required.

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. The Company is well leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.

Golden Arrow is actively exploring a portfolio that includes a new epithermal gold project in Argentina, a district–scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/golden-arrow-announces-voting-results-301325021.html

SOURCE Golden Arrow Resources Corporation

Statistically speaking, long term investing is a profitable endeavour. But unfortunately, some companies simply don't succeed. Zooming in on an example, the Fresnillo plc (LON:FRES) share price dropped 62% in the last half decade. That's not a lot of fun for true believers. Unfortunately the share price momentum is still quite negative, with prices down 14% in thirty days.

See our latest analysis for Fresnillo

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

While the share price declined over five years, Fresnillo actually managed to increase EPS by an average of 40% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS.

Due to the lack of correlation between the EPS growth and the falling share price, it's worth taking a look at other metrics to try to understand the share price movement.

In contrast to the share price, revenue has actually increased by 6.8% a year in the five year period. So it seems one might have to take closer look at the fundamentals to understand why the share price languishes. After all, there may be an opportunity.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. If you are thinking of buying or selling Fresnillo stock, you should check out this free report showing analyst profit forecasts.

What About Dividends?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Fresnillo the TSR over the last 5 years was -58%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Fresnillo shareholders are down 5.1% for the year (even including dividends), but the market itself is up 25%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 10% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Fresnillo that you should be aware of.

Of course Fresnillo may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

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

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

Photo by Dominik Vanyi on Unsplash

Anyone who has a finger on the pulse of the global economic situation has probably heard about inflation lately, especially with the U.S. Federal Reserve Chairman Jerome Powell recently discussing the Fed’s view about how much is tolerable and how long it will last.

As concerns regarding inflation have risen, so too has chatter about hedges. This makes now a particularly unique time for precious metals and the companies that mine them.

Traditionally, assets like gold, silver and platinum have long been considered hedges against inflation. So, while consumers may be looking at higher costs for goods, investors are looking at so-called “safe haven” assets. One of the challenges of investing in miners, however, is that it can be difficult to figure out how to choose amongst a large number of possibilities.

To help narrow down the field, we took a look at the OTCQX Best 50 list as a guide—the OTCQX Best 50 is a ranking of top performing companies on the OTCQX Best Market based on 2020’s total return and average daily dollar volume growth—here are four companies who recently reported earnings.

Calibre Mining Corp. (OTCQX: CXBMF)

Calibre is a multi-asset gold producing company with 2,700,000 tonnes of annual installed processing capacity. The company showed a 33% year-over-year increase in revenue to the tune of $82 million in the last year, announced in Q3 2021. Additionally, it made strides in net income and operating income, with year-over-year 31.69% and 39.55% increases respectively from Q3 2021.

K92 Mining Inc (OTCQX: KNTNF)

K92 is a mining company with a significant operation at the Kainantu Gold Mine site in the Eastern Highlands province of Papua New Guinea with gold, silver, and copper production opportunities. KNTNF has been on a significant upward trend over the last two years, at times being priced as low as $1.27 per share in June of 2019. The security has seen continued growth and now is priced roughly at a $5-7 range. This previous quarter, they announced that they had experienced multiple significant events: “record quarterly revenue of US$29.5 million, increasing 7% from Q1 2020”, sold 21,879 oz of gold, 394,635 lbs of copper and 7,463 oz of silver, had fully paid off a $5 million loan, and had an increased cash balance of $66 million.

Discovery Silver Corp. (OTCQX: DSVSF)

Discovery Silver is a mining company building a large-scale, high-margin silver asset in Mexico “with the optionality to expand into one of the largest primary silver mines in the world”. With a ticker that was $0.68 a year ago, to now gains of 150% and a price of $1.70, DSVSF has decreased from a recent high of $2.18. While Discovery reported a decline in net income of 8.7% this most recent quarter, their massive opportunity in silver may come to fruition in perfect time for inflationary concerns.

GoGold Resources, Inc. (OTCQX: GLGDF)

GoGold Resources is a Canadian-based silver and gold producer with multiple large-scale projects located in Mexico. This year, GoGold announced that their Parral site had “Generated $6.3M US of Free Cash Flow for Quarter Ending March 31, 2021” by producing and selling a significant amount of silver. GLGDF has gone on a massive 272% run in the past year, moving from $0.71 a year ago, to a price of $2.65 now. Their most recent earnings report included an EBITDA of $9.1M CAD, and an EPS of 0.03.

To learn more about other mining, metals, and other companies that trade on the OTCQX Market visit: https://www.otcmarkets.com

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Shares Outstanding: 277,497,367
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, June 30, 2021 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to present its first ever Sustainability Update that sets out the Company's priorities with respect to its environmental, social and governance ("ESG") practices.

"We're pleased to release our first Sustainability Update which outlines our vision, values, and achievements related to ESG practices. Silver is a metal that is a key component of the emerging green economy. As we remove old mine tailings from within the city of Parral, we produce silver at a low carbon footprint of 0.004 tCO₂e per ounce of silver produced," said Brad Langille, President and CEO. "At GoGold, community is everything. Our philosophy has always been to do business in a way that not only helps our communities and employees thrive, but that also protects natural ecosystems while increasing shareholder value. Acting on our values, our strong commitment to upholding ethical practices, and strict regulatory compliance has solidified a positive reputation for GoGold in the communities in which we operate and beyond."

The full update is available for download at www.gogoldresources.com/sustainability/

Highlights of the Update:

• 1.9 million tonnes of tailings waste removed at our Parral operation

• 30,000m³ of water saved at our Parral operation

• 12,000 hours of safety and professional development training

• $1.1 million USD spent on community investment including sponsorships, donations, and community benefit agreements

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 GoGold's future plans in the areas of sustainable development, health, safety, environment, community development, the Los Ricos South and North projects, and future plans and objectives of GoGold, including the intention to undertake further exploration at Los Ricos North, and the prospect of further discoveries there, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

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

View original content:https://www.prnewswire.com/news-releases/gogold-presents-its-first-sustainability-update-outlining-esg-practices-301322948.html

SOURCE GoGold Resources Inc.

(Bloomberg) — McEwen Mining Inc. is in talks to sell a stake in a copper project in Argentina as the gold and silver producer looks to tap into booming prices of the metal used in wiring.

The company run by Canadian gold veteran Rob McEwen is holding conversations with another mining company as part of a proposal that could see a portion of the copper project sold privately and then taken public within 12 months, McEwen said in an interview.

His firm’s shares rose the most among global peers on Wednesday.

“The market seems to prefer a pure copper play as opposed to a large copper project in a smaller precious metals company,” he said on Tuesday. “With the increase in copper price, there’s more interest.”

McEwen, the founder and former head of Goldcorp, is looking at ways to monetize both the copper project and certain silver assets to focus on its gold mines that missed guidance in past years, with the company forced to raise funds. Those setbacks have now been turned around, he said.

McEwen, 71, described Los Azules in San Juan province near the Chilean border as “one of the larger undeveloped copper projects in the world not owned by a major,” with potential annual production of more than 200,000 metric tons and a valuation in excess of $5 billion at today’s copper prices.

He expects to have a decision on the strategy for the project in the next month, adding that the would-be partner has the capability to take it through to production.

Argentina, where interventionist policies have held back mining, is now “looking a little more favorable” as authorities look to diversify from farming and politicians in Chile and Peru seek a greater share of mining profits.

McEwen Mining shares climbed as much as 5.3% in New York on Wednesday, the best performance in an index of 24 global gold and silver producers.

(Adds shares in third and last paragraphs)

More stories like this are available on bloomberg.com

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

©2021 Bloomberg L.P.

TORONTO, June 30, 2021–(BUSINESS WIRE)–Silver Bear Resources Plc ("Silver Bear" or the "Company") (TSX: SBR) announces the voting results of its annual general and special meeting (the "Meeting") held today in Moscow, Russia. A total of 592,185,048 ordinary shares were voted in connection with the Meeting, representing approximately 87.8% of the issued and outstanding ordinary shares of the Company eligible to vote at the Meeting. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedar.com.

Note:

1. Voting on all Resolutions at the Meeting was conducted by a show of hands. The voting results on these matters represent the proxy votes entitled to vote at the Meeting.

2. Voting on Resolution 10 at the Meeting represented the disinterested shareholders voting results.

About Silver Bear

Silver Bear (TSX: SBR) is focused on the development of its wholly-owned Mangazeisky Silver Project, covering a licence area of approximately 570 km² that includes the high-grade Vertikalny deposit (amongst the highest- grade silver deposits in the world), located 400 km north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April 2018, the Company attained first silver production as a result of commissioning activities, at this time the Company is working toward achieving full commercial production in 2019. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Company’s website at www.silverbearresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005946/en/

Contacts

Vadim Ilchuk
President and Chief Executive Officer
T: +7 985 866 8877
info@silverbearresources.com

Judith Webster
Investor Relations Manager & Corporate Secretary
T: +416 453 8818
jwebster@silverbearresources.com

In this article, we will be looking at the 10 best gold and silver stocks to buy amid rising inflation. To skip our detailed analysis of the metals and mining industry, you can click to read ahead and see the 5 Best Gold and Silver Stocks to Buy Amid Rising Inflation.

Despite the fact that gold prices are rapidly dropping at present, especially due to the Federal Reserve's latest policy comments and the strength of the dollar, precious metals and gold remain a lucrative entry point for long-term investors. Investors who are looking for viable hedges against inflation can make use of commodities and gold to achieve their goal, as mentioned by Katerina Simonetti, the senior Vice President at Morgan Stanley Private Wealth Management in Philadelphia. Gold thus exists as a good option for long-term investments rather than short-term investments. According to Simonetti, the aim should be to ensure good performance in the long run at lower risk levels when looking for a good hedge against inflation.

With the coronavirus pandemic came increasingly difficult challenges to be faced by nearly every industry in the world. But more than just industries taking hits, your average citizen has had to deal with the economic challenges thrown their way just as much. One of the worst of these challenges is inflation, which is on the rise yet again. According to the Bureau of Labor Statistics in their May CPI inflation report, prices have been climbing just as they were in the previous month. In May, the index for car and truck rentals rose by 12.1%, compared to the previous month's 16.2% hike, while household furnishings and operations index rose by 1.3%, representing a monthly increase so large it became the first of its kind since January 1976. All in all, prices rose by as much as 5% year over year, representing an alarming growth in the CPI.

Typical goods like food and beverages, cars, and household furniture were not the only commodities to see a rise in prices since the advent of COVID-19 though. The economic recession caused by the pandemic also led to rising gold prices, according to S&P Global. In August 2020, gold prices crossed the $2,000 an ounce mark. Investors began stockpiling to secure their own wealth in the panic caused by the pandemic, leading to deficits in the supply of precious metals like gold and silver and subsequent price hikes like the one above. As reported by Reuters this January, the prices of gold and palladium rose by over 20% as well, and silver prices saw an even greater 47% hike. This increase can be attributed to silver's dual role in being not only a precious metal but also a metal that can be used for industrial purposes.

With rising prices of these precious metals coupled with increasing market volatility thanks to the pandemic, investors are beginning to start eyeing gold and silver stocks more seriously. Silver has been outperforming gold with its greater price hikes while the price of gold has been falling from its $2,043 per ounce high of August 2020. Yet, the market volatility of today and the rising inflation witnessed from the Bureau of Labor Statistic's reports and the Federal Reserves comments signaling rising expectations for inflation in 2021, bring the attention back to gold. According to CNBC, investors are currently observing gold. Traditionally a safe-haven stock, gold is considered the best place to invest in times of economic recession, while being ignored in times of stability.

As inflation rises, gold and silver mining companies like Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Wheaton Precious Metals Corp. (NYSE: WPM) and First Majestic Silver Corp. (NYSE: AG) are getting a lot of attention. We have thus compiled this list of the 10 best gold and silver stocks to buy now.

Investing is becoming difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Pixabay/Public Domain

Without further ado, here are the 10 best gold and silver stocks to buy amid rising inflation. We took into account hedge fund sentiment, analysts' comments, ratings, future growth potential and fundamentals while choosing these stocks.

Best Gold and Silver Stocks to Buy Amid Rising Inflation

10. First Majestic Silver Corp. (NYSE: AG)

Number of Hedge Fund Holders: 15

First Majestic Silver Corp. (NYSE: AG) is a company focusing on the acquisition and exploration of mineral properties. The company primarily operates in silver and gold production in Mexico and holds 100% interest in the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine. It ranks 10th on our list of the best gold and silver stocks to buy amid rising inflation.

This May, First Majestic Silver Corp. (NYSE: AG) declared its quarterly dividend of $0.0045 per share, with a forward yield of 0.12%. The stock has gained 65% over the last 12 months.

By the end of the first quarter of 2021, 15 hedge funds out of the 866 tracked by Insider Monkey held stakes in First Majestic Silver Corp. (NYSE: AG). The total value of their stakes was roughly $54.7 million. This is compared to 12 hedge funds out of 887 in the previous quarter holding stakes valued at about $84.8 million.

9. Alamos Gold Inc. (NYSE: AGI)

Number of Hedge Fund Holders: 22

Alamos Gold Inc. (NYSE: AGI) operates in the acquisition and extraction of gold in North America, Canada, and Mexico. The company also explores silver and other precious metals, and its flagship project is the Young-Davidson mind located in Canada. It ranks 9th on our list of the best gold and silver stocks to buy amid rising inflation.

On April 9th, Alamos Gold Inc. (NYSE: AGI) announced that it had purchased about 15.9 million shares of Manitou Gold, making up 2.5% of the company's outstanding shares. The company will have beneficial ownership over 19.96% of the issued and outstanding shares. For the first quarter of 2021, Alamos Gold Inc. (NYSE: AGI) had EPS of $0.13, in line with estimates. The company's revenue was valued at 227.4 million, representing a 13.45% growth year over year and it also has a gross profit margin of 58.39%.

By the end of the first quarter of 2021, 22 hedge funds out of the 866 tracked by Insider Monkey held stakes in Alamos Gold Inc. (NYSE: AGI). The total value of their stakes was roughly $267 million. This is compared to 17 hedge funds out of 887 in the previous quarter holding stakes valued at about $309 million.

Like Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Wheaton Precious Metals Corp. (NYSE: WPM) and First Majestic Silver Corp. (NYSE: AG), Alamos Gold Inc. (NYSE: AGI) is a good precious metal stock to invest in.

Palm Valley Capital mentioned Alamos Gold Inc. (NYSE: AGI) in its first-quarter 2021 investor letter. Here's what they said:

8. iShares Silver Trust (NYSE: SLV)

Number of Hedge Fund Holders: 25

iShares Silver Trust (NYSE: SLV) is an exchange-traded fund managed by iShares Delaware Trust Sponsor LLC. It invests in the commodity markets with a focus on silver. The fund tracks the silver bullion's daily performance and ranks 8th on our list of the best gold and silver stocks to buy amid inflation.

iShares Silver Trust (NYSE: SLV) has $14.79 billion in assets under management and in the past year, the fund's price returns have been up 46.03% versus the S&P 500's price return rise of 36.38%. The fund's total return has been up 46.03% versus 10.40% for the S&P 500. The stock has gained 2.77% in the past 6 months.

By the end of the first quarter of 2021, 25 hedge funds out of the 866 tracked by Insider Monkey held stakes in iShares Silver Trust (NYSE: SLV). The total value of their stakes was roughly $208 million. This is compared to 28 hedge funds out of 887 in the previous quarter holding stakes valued at about $199 million.

Like Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Wheaton Precious Metals Corp. (NYSE: WPM), and First Majestic Silver Corp. (NYSE: AG), iShares Silver Trust (NYSE: SLV) is a good precious metal option to invest in.

7. Pan American Silver Corp. (NASDAQ: PAAS)

Number of Hedge Fund Holders: 27

Pan American Silver Corp. (NASDAQ: PAAS) is a company operating in the extraction and refining of precious metals including silver, gold, zinc, and lead, through mines in Canada, Mexico, Peru, Argentina, and Bolivia. The company holds interests in the La Colorada, Dolores, Huaron, and Morococha mines, among a range of others. It ranks 7th on our list of the best gold and silver stocks to buy amid rising inflation.

Pan American Silver Corp. (NASDAQ: PAAS) declared a $0.07 per share quarterly dividend this May, with a forward yield of 0.84%. For the first quarter of 2021, the company has EPS of $0.18 versus estimates of $0.29 and revenue valued at $368.1 million. The company also has a gross profit margin of 46.36% and has gained 0.84% in the past year. The stock has a consensus Buy rating.

By the end of the first quarter of 2021, 27 hedge funds out of the 866 tracked by Insider Monkey held stakes in Pan American Silver Corp. (NASDAQ: PAAS). The total value of their stakes was roughly $352 million. This is compared to 27 hedge funds out of 887 in the previous quarter holding stakes valued at about $466 million.

Like Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Wheaton Precious Metals Corp. (NYSE: WPM), and First Majestic Silver Corp. (NYSE: AG), Pan American Silver Corp. (NASDAQ: PAAS) is a good precious metal stock to invest in.

6. Kinross Gold Corporation (NYSE: KGC)

Number of Hedge Fund Holders: 27

Kinross Gold Corporation (NYSE: KGC) is a company working to acquire and develop gold properties in the US, Russia, Brazil, Chile, Ghana, and Mauritania. The company also extracts and processes gold-containing ores and reclaims gold mining properties while producing and selling silver as well. It ranks 6th on our list of the best gold and silver stocks to buy amid rising inflation.

On June 21st, Kinross Gold Corporation (NYSE: KGC) was reported to have said that mining activities at Tasiast mine in Mauritania have resumed operations after the damage from a fire shut down work last week. Restart costs are expected to be around $5o million, hence the company reduced the total production guidance for this year to 2.1 million ounces of gold. For 2022 and 2023, the company retained annual production guidance at 2.7 and 2.9 million ounces respectively. On June 23rd, the stock was upgraded to Outperform with an $8 price target by Credit Suisse.

For the first quarter of 2021, Kinross Gold Corporation (NYSE: KGC) had EPS of $0.15, in line with estimates for the quarter. Revenue was valued at $986.5 million, representing a 20.31% growth year over year. The company also has a gross profit margin of 59.2%.

By the end of the first quarter of 2021, 27 hedge funds out of the 866 tracked by Insider Monkey held stakes in Kinross Gold Corporation (NYSE: KGC). The total value of their stakes was roughly $444 million. This is compared to 36 hedge funds out of 887 in the previous quarter holding stakes valued at about $694 million.

Like Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Wheaton Precious Metals Corp. (NYSE: WPM), and First Majestic Silver Corp. (NYSE: AG), Kinross Gold Corporation (NYSE: KGC) is a good precious metal stock to invest in.

Click to continue reading and see the 5 Best Gold and Silver Stocks to Buy Amid Rising Inflation.

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Disclosure: None. 10 Best Gold and Silver Stocks to Buy Amid Rising Inflation was originally published on Insider Monkey.

(Bloomberg) — McEwen Mining Inc. is in talks to sell a stake in a copper project in Argentina as the gold and silver producer looks to tap into booming prices of the metal used in wiring.

The company run by Canadian gold veteran Rob McEwen is holding conversations with another mining company as part of a proposal that could see a portion of the copper project sold privately and then taken public within 12 months, McEwen said Tuesday.

“The market seems to prefer a pure copper play as opposed to a large copper project in a smaller precious metals company,” he said in an interview. “With the increase in copper price, there’s more interest.”

McEwen, the founder and former head of Goldcorp, is looking at ways to monetize both the copper project and certain silver assets to focus on its gold mines that missed guidance in past years, with the company forced to raise funds. He said those setbacks have now been turned around.

McEwen, 71, described Los Azules in San Juan province near the Chilean border as “one of the larger undeveloped copper projects in the world not owned by a major,” with potential annual production of more than 200,000 metric tons and a valuation in excess of $5 billion at today’s copper prices.

He expects to have a decision on the strategy for the project in the next month, adding that the would-be partner has the capability to take it through to production.

Argentina, where interventionist policies have held back mining, is now “looking a little more favorable” as authorities look to diversify from farming and politicians in Chile and Peru seek a greater share of mining profits

More stories like this are available on bloomberg.com

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

©2021 Bloomberg L.P.

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Gold Resource Corporation (NYSE:GORO).

Gold Resource Corporation (NYSE:GORO) shareholders have witnessed a decrease in hedge fund sentiment of late. Gold Resource Corporation (NYSE:GORO) was in 6 hedge funds' portfolios at the end of March. The all time high for this statistic is 10. There were 7 hedge funds in our database with GORO positions at the end of the fourth quarter. Our calculations also showed that GORO isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). We have been able to outperform the passive index funds by tracking the moves of corporate insiders and hedge funds, and we believe small investors can benefit a lot from reading hedge fund investor letters and 13F filings.

David Nierenberg of Nierenberg Investment

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund owns nearly 40% of this $24 biotech stock and is trying to buy the rest for around $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind let's analyze the new hedge fund action encompassing Gold Resource Corporation (NYSE:GORO).

Do Hedge Funds Think GORO Is A Good Stock To Buy Now?

At Q1's end, a total of 6 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -14% from the fourth quarter of 2020. The graph below displays the number of hedge funds with bullish position in GORO over the last 23 quarters. With hedgies' capital changing hands, there exists a select group of key hedge fund managers who were adding to their stakes substantially (or already accumulated large positions).

More specifically, AQR Capital Management was the largest shareholder of Gold Resource Corporation (NYSE:GORO), with a stake worth $0.8 million reported as of the end of March. Trailing AQR Capital Management was Two Sigma Advisors, which amassed a stake valued at $0.4 million. Engineers Gate Manager, Citadel Investment Group, and Citadel Investment Group were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Nierenberg Investment Management allocated the biggest weight to Gold Resource Corporation (NYSE:GORO), around 0.03% of its 13F portfolio. Engineers Gate Manager is also relatively very bullish on the stock, designating 0.02 percent of its 13F equity portfolio to GORO.

Due to the fact that Gold Resource Corporation (NYSE:GORO) has experienced falling interest from the aggregate hedge fund industry, we can see that there lies a certain "tier" of hedge funds who sold off their full holdings in the first quarter. It's worth mentioning that Paul Marshall and Ian Wace's Marshall Wace LLP cut the biggest position of all the hedgies followed by Insider Monkey, totaling close to $0.4 million in stock, and David Harding's Winton Capital Management was right behind this move, as the fund sold off about $0.3 million worth. These moves are interesting, as total hedge fund interest was cut by 1 funds in the first quarter.

Let's now review hedge fund activity in other stocks similar to Gold Resource Corporation (NYSE:GORO). These stocks are Jowell Global Ltd. (NASDAQ:JWEL), Community Bankers Trust Corp. (NASDAQ:ESXB), Gencor Industries, Inc. (NASDAQ:GENC), Chemung Financial Corp. (NASDAQ:CHMG), Quad/Graphics, Inc. (NYSE:QUAD), OptiNose, Inc. (NASDAQ:OPTN), and Comstock Mining, Inc. (NYSE:LODE). This group of stocks' market valuations resemble GORO's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position JWEL,1,279,1 ESXB,6,19789,1 GENC,2,26276,-1 CHMG,3,8868,0 QUAD,10,9438,2 OPTN,10,6714,0 LODE,4,1097,0 Average,5.1,10352,0.4 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 5.1 hedge funds with bullish positions and the average amount invested in these stocks was $10 million. That figure was $2 million in GORO's case. Quad/Graphics, Inc. (NYSE:QUAD) is the most popular stock in this table. On the other hand Jowell Global Ltd. (NASDAQ:JWEL) is the least popular one with only 1 bullish hedge fund positions. Gold Resource Corporation (NYSE:GORO) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for GORO is 49.8. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 19.3% in 2021 through June 25th and beat the market again by 4.8 percentage points. Unfortunately GORO wasn't nearly as popular as these 5 stocks and hedge funds that were betting on GORO were disappointed as the stock returned -2.6% since the end of March (through 6/25) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as many of these stocks already outperformed the market since 2019.

Get real-time email alerts: Follow Gold Resource Corp (NYSEMKT:GORO)

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

VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of April 28, 2021 regarding the Default Notice received from Pala Investments Ltd (“Pala”) and the subsequent Standstill Agreement entered into with Pala.

The Company announces that it has today entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the standstill period until September 30, 2021.

Furthermore, Melior has also today entered into a further amended demand promissory note (the “Amended Promissory Note”) with Pala extending the maturity of the loan from June 30, 2021 to September 30, 2021. All other terms of the Amended Promissory Note remain unchanged.

MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
info@meliorresources.com

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

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is ANGLO AMER ADR (NGLOY). NGLOY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 6.24, while its industry has an average P/E of 7.48. Over the past year, NGLOY's Forward P/E has been as high as 12.90 and as low as 5.75, with a median of 8.42.

We should also highlight that NGLOY has a P/B ratio of 1.70. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.22. Over the past 12 months, NGLOY's P/B has been as high as 2.04 and as low as 1.03, with a median of 1.49.

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

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Gold has long been regarded as a safe haven in times of market turmoil. Gold stocks, as represented by the VanEck Vectors Gold Miners ETF (GDX), have underperformed the broader market over the past year as the U.S. and other economies have begun to recover amid the global pandemic.

In this article, we will take a look at the 15 best very cheap stocks to buy right now. You can skip our detailed analysis of these companies and go directly to the 5 Best Very Cheap Stocks to Buy Right Now.

The pandemic-led recession brought massive financial distress to the global market. Many businesses from small to large-cap enterprises across all industries have struggled during the surge of COVID-19. While the unemployment rate peaked in April 2020, according to an analysis by Congressional Research Service, investors are optimistic about the market's rebound, driven by anticipation of a period of high growth as the vaccination rate increases and the economy completely reopens.

The global market has slowly bounced back from its dark days. The Federal Reserve has upped its 2021 GDP forecast to 7% from 6.5%. Officials are also seeing a decline in the unemployment rate for the year to 4.5% from 5.8% recorded in May. Investors remain confident about the market's recovery with S&P 500 Index gaining over 36% in the last twelve months. On the other hand, The Russell 2000 Index and Russell 3000 are up 62% and 39% respectively, over the past twelve months. The market signals a healthy recovery that's why many investors, young and novice retail traders, are encouraged to diversify their portfolios with cheap stocks that offer long-term growth.

What Best Very Cheap Stocks Should You Invest In?

To make money investing in cheap stocks, it is crucial to study a stock's valuation, the company's financial health, business model, and its long-term growth potential.

Investors are crazy about cheap stocks in tech, biopharma, renewable energy, and crypto industries. One such cheap stock is Sundial Growers Inc. (NASDAQ: SNDL). Since its foundation in 2006, the Canadian cannabis grower has created a name for itself in the modern cannabis industry. Sundial Growers Inc. (NASDAQ: SNDL) sells weed products for adult use in Canada. The company's market capitalization is $1.95 billion. The stock has returned almost 122% to investors so far this year. SNDL's stock has also increased by 49% in the last month. The stock's 52-week range is $0.1380 – $3.9600

Another cheap stock that is gaining a lot of attention is AI firm Ideanomics, Inc. (NASDAQ: IDEX). The New York-based company was founded in 2004 and operates two divisions, Ideanomics Mobility and Ideanomics Capital. The company has established operations in China, Malaysia, and Ukraine. The company offers financing solutions for commercial EVs and provides fintech solutions for the financial sector. Ideanomics, Inc. (NASDAQ: IDEX) has recently acquired California-based electric tractor manufacturer Solectrac Inc. The company has a market cap of $1.34 billion. The stock has offered investors returns exceeding 175% over the past twelve months. Shares of IDEX are also up 28% in the last month. The stock's 52-week range is $0.8000 – $5.5300

Photo by Yiorgos Ntrahas on Unsplash

Nokia Corporation (NYSE: NOK) is one of the best very cheap stocks to buy right now if you are looking to diversify your tech portfolio. The company has scooped up a total of 165 commercial 5G deals globally. In April 2021, Nokia Corporation (NYSE: NOK) locked in a deal with Chunghwa Telecom to provide 5G services in Taiwan. Subsequently, the 5G company also won an agreement with a major telecom company Etisalat, to provide ultra-fast 5G broadband services in UAE. The company has a market cap of $31 billion. The stock has offered investors returns exceeding 29% over the past twelve months. Shares of NOK are also up 11% in the last month.

In 2016, chip-maker Advanced Micro Devices, Inc. (NASDAQ: AMD) traded for only $8 per share. Today, the chip giant is already trading for $85.62 per share and has a market cap of $104 billion. With the success of its Ryzen processors, Advanced Micro Devices, Inc.'s (NASDAQ: AMD) innovative semiconductor technology has grown significantly over the last five years.

Online retailer Amazon.com, Inc. (NASDAQ: AMZN) started trading at $18 per share in 1997. Today, the stock trades for $3,401.46 per share and has a market cap of $1.71 trillion. The once-small virtual bookseller has grown into one of the world's largest e-commerce platforms. Amazon.com, Inc. (NASDAQ: AMZN) has expanded its business outside e-commerce to cloud computing services, video-on-demand subscription services, and food and grocery, and acquisitions among other things. Amazon.com, Inc. (NASDAQ: AMZN) recently announced the acquisition of Wickr, a secure messaging app based in New York, with the aim of making its services available to Amazon Web Services users. The stock has gained 27% in the last twelve months.

Apple Inc. (NASDAQ: AAPL) was not always among the world's largest technology companies. The iPad-maker was trading for under 80 cents per share in the early 2000s, and it is now trading for over $133 per share as of this writing. The $2 trillion dollar tech company sells trendy electronic products such as iPhone, iMac, iPad, and iWatch. In the midst of the COVID-19 pandemic, Apple Inc.'s (NASDAQ: AAPL) contactless payment service Apple Pay became more popular. The stock has gained 47% in the past twelve months.

Choosing valuable stocks is becoming difficult by the day, even for smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26, 2021, our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017, and they lost 13% through November 16. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Our Methodology

We picked affordable stocks with positive growth catalysts to provide you with the most accurate list of the best very cheap stocks to buy right now. We also took into account analysts' ratings, hedge fund sentiment, and fundamentals while choosing these stocks.

With this context in mind, here is the list of the 15 best very cheap stocks to buy right now.

Best Very Cheap Stocks to Buy Right Now

15. Torchlight Energy Resources, Inc. (NASDAQ: TRCH)

Number of Hedge Fund Holders: 4 Price as of June 25: $4.95

We start our list of the 15 best very cheap stocks to buy right now with Torchlight Energy Resources, Inc. (NASDAQ: TRCH). The Texas-based oil and gas company was founded in 2010. Torchlight Energy Resources, Inc. is one of the fastest-growing oil penny stocks as the company primarily focuses on the acquisition and development of high-value domestic oil fields in Texas. Torchlight Energy and Metamaterial Inc. (OTC: MMATF), a developer of smart materials and optical solutions, announced plans to merge in December 2020, which is expected to be completed in the second quarter of 2021.

The company has a market cap of $475 million. Torchlight Energy Resources, Inc.'s share price is up a whopping 576% in the last year, a massive gain in a single year. It's also up 68% in about a month. As of March 31, the company's total assets equaled $56 million.

Like Sundial Growers Inc. (NASDAQ: SNDL), Ideanomics, Inc. (NASDAQ: IDEX), and Nokia Corporation (NYSE: NOK), Torchlight Energy Resources, Inc. (NASDAQ: TRCH) is one of the best very cheap stocks to buy right now.

There were 4 hedge funds that reported owning stakes in Torchlight Energy Resources, Inc. (NASDAQ: TRCH) at the end of the first quarter, up from 1 fund a quarter earlier. The total value of these stakes at the end of Q1 is $3.21 million.

14. Comstock Mining Inc. (NYSE: LODE)

Number of Hedge Fund Holders: 4 Price as of June 25: $3.47

Comstock Mining Inc. (NYSE: LODE) ranks 14th on the list of 15 best very cheap stocks to buy right now. The Nevada-based mining firm was founded in 1999. Comstock Mining Inc. is one of the fastest-growing producers of silver and gold in the Basin and Range Province of Nevada. The company promotes sustainable mining by collecting natural products using cutting-edge technology.

The company has a market cap of $186 million. Shares of LODE surged 516% over the last twelve months. The stock is also up 30% in the past month. The company's first-quarter net income was $8.2 million, or $0.22 per common share, compared to a loss of $0.3 million, or $(0.01) per common share, in the first quarter of 2020. Total assets increased by 63% to $70.0 million in Q1 2021, driven by $17.0 million in equity raises, capital ventures in LINICO, and increases in notes receivable and advances.

Like Sundial Growers Inc. (NASDAQ: SNDL), Ideanomics, Inc. (NASDAQ: IDEX), and Nokia Corporation (NYSE: NOK), Comstock Mining Inc. (NYSE: LODE) is one of the best very cheap stocks to buy right now for new investors.

There were 4 hedge funds that reported owning stakes in Comstock Mining Inc. (NYSE: LODE) at the end of the first quarter. The total value of these stakes at the end of Q1 is $1.09 million.

13. Lloyds Banking Group plc (NYSE: LYG)

Number of Hedge Fund Holders: 5 Price as of June 25: $2.60

Lloyds Banking Group plc (NYSE: LYG) ranks 13th on the 15 best very cheap stocks to buy right now. The London-based consumer bank provides personal and commercial financial solutions such as leasing, debt capital market services, and risk management. On top of that, Lloyds Banking Group plc also offers insurance life and car insurance products. The British bank supports the commercialization of electric vehicles by leasing cars. The company's motor business has financed over 1.1 million cars. The company currently pays an annual dividend of $0.03 per share, with a 1.17% dividend yield.

The company has a market cap of $48 billion. Shares of LYG increased 57% over the past twelve months. The company's net income in the first quarter of 2021 came in at $5.2 billion. On April 12, Deutsche Bank upgraded Lloyds Banking Group plc to a Buy rating.

There were 5 hedge funds that reported owning stakes in Lloyds Banking Group plc (NYSE: LYG) at the end of the first quarter. The total value of these stakes at the end of Q1 is $14.1 million.

Here is what Fiduciary Management has to say about Lloyds Banking Group plc in their Q1 2021 investor letter:

12. Ayro, Inc. (NASDAQ: AYRO)

Number of Hedge Fund Holders: 5 Price as of June 25: $4.99

Ayro, Inc. (NASDAQ: AYRO) ranks 12th on the list of 15 best very cheap stocks to buy right now. Founded in 2017, the Texas-based automaker creates and sells fully electric vehicles for local delivery and urban transportation. Ayro, Inc. launched the first fully electric vaccine vehicle (EVV) in March, with the goal of increasing COVID-19 vaccination and testing availability. In June, the company received its first order of its new light-duty EV Club Car Current worth $2 million.

The company has a market cap of $200 million. Shares of AYRO jumped 110% over the past twelve months. The company's revenue in the first quarter of 2021 came in at $788,869, up 437% from $146,819 in the same period in 2020. As of March 21, Ayro, Inc. (NASDAQ: AYRO) has total assets amounting to $97,193,229 versus its total liabilities of $3,216,769.

Like Sundial Growers Inc. (NASDAQ: SNDL), Ideanomics, Inc. (NASDAQ: IDEX), and Nokia Corporation (NYSE: NOK), Ayro, Inc. (NASDAQ: AYRO) is one of the best very cheap stocks to buy right now.

There were 5 hedge funds that reported owning stakes in Ayro, Inc. (NASDAQ: AYRO) at the end of the first quarter, up from 3 funds a quarter earlier. The total value of these stakes at the end of Q1 is $4.04 million.

11. Genius Brands International, Inc. (NASDAQ: GNUS)

Number of Hedge Fund Holders: 6 Price as of June 25: $2.01

Ranking 11th on our list of the 15 best very cheap stocks to buy now is Genius Brands International, Inc. (NASDAQ: GNUS). Genius Brands International, Inc. CEO Andy Heyward reckons the company has the potential to become the Netflix (NASDAQ: NFLX) of children's television. The company owns and operates Kartoon Channel!, which delivers family-friendly entertainment across a multitude of platforms including Amazon.com, Inc.'s (NASDAQ: AMZN) Amazon Prime, Apple Inc.'s (NASDAQ: AAPL) Apple TV, Roku, Inc. (NASDAQ: ROKU), and Alphabet Inc.'s (GOOG) Google Play. The company's portfolio of children's programs includes "Llama Llama" for Netflix and "Stan Lee's Superhero Kindergarten". On June 8, the company announced to join the Russell 3000 index.

The company has a market cap of $617 million. Shares of GNUS jumped 44% over the past month. The stock is also up 14% in the last five days. The company's first-quarter revenue increased 218% to $1.1 million, up from $334,739 in the same quarter in 2020. In February, Genius Brands International, Inc. (NASDAQ: GNUS) finalized the acquisition of ChizComm Ltd. and ChizComm Beacon Media, a Canadian marketing and media company, for over $100 million in annual media expenditure.

There were 5 hedge funds that reported owning stakes in Genius Brands International, Inc. (NASDAQ: GNUS) at the end of the first quarter. The total value of these stakes at the end of Q1 is $5.42 million.

10. Atossa Therapeutics, Inc. (NASDAQ: ATOS)

Number of Hedge Fund Holders: 6 Price as of June 25: $8.62

Ranking 10th on the list of 15 best very cheap stocks to buy right now is Atossa Therapeutics, Inc. (NASDAQ: ATOS). The Seattle-based clinical-stage pharmaceutical company creates innovative treatments for breast cancer and infectious diseases, such as COVID-19. The company is also in Phase 2 clinical trial of COVID-19 nasal spray. AT-301 nasal spray is designed as an at-home prescription to prevent COVID-19 symptoms and to slow the rate of infection. In the first quarter of 2021, Atossa Therapeutics, Inc. (NASDAQ: ATOS) has seen a surge in research and development expenses amounting to $1.38 million, a 47% increase from $939,000 in the same quarter in 2020.

The company has a market cap of $521 million. Year to date, the stock has offered over 354% of returns to investors. Shares of ATOS are also up 49% in the last month. The pharmaceutical firm had estimated $137.7 million in cash, cash equivalents, and restricted cash as of March 31, 2021. Analysts covered a Buy rating on Atossa Therapeutics, Inc., with an average price target of $7.50 per share.

Like Sundial Growers Inc. (NASDAQ: SNDL), Ideanomics, Inc. (NASDAQ: IDEX), and Nokia Corporation (NYSE: NOK), Atossa Therapeutics, Inc. (NASDAQ: ATOS) is one of the best very cheap stocks to buy right now.

There were 6 hedge funds that reported owning stakes in Atossa Therapeutics, Inc. (NASDAQ: ATOS) at the end of the first quarter, up from 3 funds a quarter earlier. The total value of these stakes at the end of Q1 is $7.81 million.

9. Sundial Growers Inc. (NASDAQ: SNDL)

Number of Hedge Fund Holders: 7 Price as of June 25: $0.97

Sundial Growers Inc. (NASDAQ: SNDL) ranks 9th on the list of 15 best very cheap stocks to buy right now. The Canadian cannabis company was founded in 2006 and has since made a name for itself in modern-day cannabis farming. The company offers buds, pre-rolls, and cannabis-infused vapes for adult use in Canada. In May, Sundial Growers Inc. (NASDAQ: SNDL) announced its acquisition of Canadian cannabis retailer Inner Spirit Holdings Ltd for $131 million. The company markets cannabis through its brands including Sundial, Top Leaf, Palmetto, and Grasslands. In the first quarter of 2021, Sundial Growers Inc. sold 3,989 kilograms of cannabis.

The company has a market cap of $1.95 billion. Year to date, the stock has offered over 122% of returns to investors. Shares of SNDL are also up 49% in the last month. The company's revenue from branded products in the first quarter of 2021 came in at $7.2 million. The company also recorded $2.8 million in revenue from interest to third-party loans, plus $12.9 million in capital gains. On March 10, Cantor Fitzgerald initiated coverage on Sundial Growers Inc. with a Neutral rating and a price target of $1.15 per share.

There were 7 hedge funds that reported owning stakes in Sundial Growers Inc. (NASDAQ: SNDL) at the end of the first quarter, up from 2 funds a quarter earlier. The total value of these stakes at the end of Q1 is $18.8 million.

8. Ideanomics, Inc. (NASDAQ: IDEX)

Number of Hedge Fund Holders: 7 Price as of June 25: $3.09

Ideanomics, Inc. (NASDAQ: IDEX) ranks 8th on the list of 15 best very cheap stocks to buy right now. The New York-based AI company was founded in 2004 and promotes the commercialization of electric vehicle use. Aside from offering EVs and electric motorbikes, the company also markets charging infrastructure and fully electric farming tractors. In May, the company completed its $50 million acquisition of California-based fuel cell engine manufacturer U.S. Hybrid.

The company has a market cap of $1.34 billion. The stock has offered investors returns exceeding 175% over the past twelve months. Shares of IDEX are also up 28% in the last month. First-quarter revenue came in at $32.7 million, up from $378,000 in the first quarter of 2020. On April 14, Roth Capital initiated coverage on Ideanomics, Inc. with a Buy rating and a price target of $7 per share.

There were 7 hedge funds that reported owning stakes in Ideanomics, Inc. (NASDAQ: IDEX) at the end of the first quarter, up from 5 funds a quarter earlier. The total value of these stakes at the end of Q1 is $20.9 million.

7. Denison Mines Corp. (NYSE: DNN)

Number of Hedge Fund Holders: 10 Price as of June 25: $1.32

Denison Mines Corp. (NYSE: DNN) ranks 7th on the list of 10 best very cheap stocks to buy right now. The Toronto-based uranium exploration and development company was founded in 1997 as International Uranium Corporation. The company has an interest in Wheeler River (90%), Hook-Carter (80%), Waterbury (64.2%), and McClean Lake Mill (22.5%).

The company has a market cap of $1.12 billion. The stock has offered investors returns exceeding 313% over the past twelve months. Shares of DNN are also up 24% in the last month. The company's revenue in the first quarter of 2021 increased 13% to $3.82 million, up from $3.4 million in the previous quarter. Three analysts posted a Buy rating on Denison Mines Corp., with an average price target of $1.61 per share.

There were 10 hedge funds that reported owning stakes in Denison Mines Corp. (NYSE: DNN) at the end of the first quarter, up from 6 funds a quarter earlier. The total value of these stakes at the end of Q1 is $18.2 million.

6. Globalstar, Inc. (NYSE: GSAT)

Number of Hedge Fund Holders: 10 Price as of June 25: $1.88

Globalstar, Inc. (NYSE: GSAT) ranks 6th on the list of 15 best very cheap stocks to buy right now. The Louisiana-based satellite network company provides asset management, emergency, and remote communications, data management and mapping services, and embedded satellite transmitters to the workforce in various industries such as agriculture, forestry, energy, transportation, construction, commercial maritime, and government and public safety.

The company has a market cap of $2.3 billion. The stock has offered investors returns exceeding 280% over the past twelve months. Shares of GSAT are also up 14% in the last month. First-quarter revenue came in at $27 million, down from $32 million in the first quarter of 2020.

Like Sundial Growers Inc. (NASDAQ: SNDL), Ideanomics, Inc. (NASDAQ: IDEX), and Nokia Corporation (NYSE: NOK), Globalstar, Inc. (NYSE: GSAT) is one of the best very cheap stocks to buy right now.

There were 10 hedge funds that reported owning stakes in Globalstar, Inc. (NYSE: GSAT) at the end of the first quarter, up from 9 funds a quarter earlier. The total value of these stakes at the end of Q1 is $163 million.

Click to continue reading and see the 5 Best Very Cheap Stocks to Buy Right Now.

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Disclosure: None. 15 Best Very Cheap Stocks to Buy Right Now is originally published on Insider Monkey.

VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (“Fortuna”) (NYSE: FSM | TSX: FVI) and Roxgold Inc. (“Roxgold”) (TSX: ROXG | OTCQX: ROGFF) are pleased to announce that shareholders of both Fortuna and Roxgold have approved all matters voted on at Fortuna's annual and special meeting as well as at Roxgold's special meeting and annual meeting held earlier today, including the proposed acquisition by Fortuna of all of the outstanding common shares of Roxgold ("Roxgold Shares") by way of a proposed plan of arrangement (the "Arrangement"), pursuant to the terms and subject to the conditions of the arrangement agreement between Fortuna and Roxgold dated effective April 26, 2021 (for additional information, please refer to the joint news release dated April 26, 2021, “Fortuna And Roxgold Agree To Business Combination Creating A Low-Cost Intermediate Global Precious Metals Producer”)

Subject to the satisfaction or waiver of the remaining conditions to the Arrangement, including approval of the Arrangement by the British Columbia Supreme Court, which application will be heard June 30, 2021, closing of the Arrangement is expected to occur on July 2, 2021.

Following completion of the Arrangement, current Fortuna shareholders and former Roxgold shareholders will own approximately 63.6% and 36.4% of the outstanding Fortuna Shares, respectively. Post-arrangement, Fortuna will continue under the name "Fortuna Silver Mines Inc." with the ticker symbol "FVI" on the Toronto Stock Exchange and "FSM" on the New York Stock Exchange, and Roxgold will be a wholly-owned subsidiary of Fortuna. Roxgold will be delisted from the Toronto Stock Exchange and an application will be made for Roxgold to cease to be a reporting issuer.

Fortuna Voting Results

The issuance by Fortuna of up to 110,128,963 common shares of Fortuna ("Fortuna Shares") to the shareholders of Roxgold in exchange for all of the issued and outstanding Roxgold Shares pursuant to the Arrangement was approved by 96.65% of the votes cast by Fortuna shareholders present by virtual attendance or represented by proxy at Fortuna's annual and special meeting.

All matters presented for approval at the Fortuna annual and special meeting were duly authorized and approved as follows:

Detailed voting results regarding the election of Fortuna directors are as follows:

Roxgold Voting Results

The Arrangement with Fortuna was approved by 84.80% of the votes cast by Roxgold shareholders present by virtual attendance or represented by proxy at Roxgold's special virtual meeting, as well as 84.15% of votes cast after excluding the votes cast by a director and an officer of Roxgold in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

All matters presented for approval at Roxgold's special meeting and its annual meeting were duly authorized and approved as follows:

Detailed voting results regarding the election of Roxgold directors are as follows:

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Peru, Mexico, and Argentina. Sustainability is integral to all of Fortuna's operations and relationships. Fortuna produces silver and gold and generates shared value over the long-term for its shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit Fortuna's website.

About Roxgold Inc.

Roxgold is a Canadian-based gold mining company with assets located in West Africa. Roxgold owns and operates the high-grade Yaramoko Gold Mine located on the Houndé greenstone belt in Burkina Faso and is also advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included, other than statements of historical fact, which address activities, events or developments that Fortuna or Roxgold expects or anticipates may or will occur in the future, are forward-looking information.

The Forward-looking Statements in this news release may include, without limitation, statements about Fortuna and Roxgold’s current expectations, estimates and projections for the pro forma company, the timing and anticipated receipt of required court approvals, the anticipated timing of the completion of the Arrangement. Readers are also cautioned that such additional information is not exhaustive. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “anticipated”, “estimated”, "expected", “potential”, “future”, “assumed”, “projected”, “planned”, “to be”, "will" or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these factors are independent and management's future course of action would depend on its assessment of all information at that time. Readers are urged to consult the disclosure provided under the heading "Risk Factors" in each of Fortuna’s and Roxgold’s annual information form for the year ended December 31, 2020 which has been filed on SEDAR at www.sedar.com for further information regarding the risks and other factors applicable to the Arrangement.

Although Fortuna and Roxgold believe that the expectations conveyed by the Forward-looking Statements are reasonable based on information available at the date of preparation, no assurances can be given as to future results, levels of activity and achievements. Fortuna and Roxgold disclaim any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

Vancouver, British Columbia–(Newsfile Corp. – June 28, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the results from the five large diameter (PQ or 88 mm) core drill holes completed at its flagship Metates project in Durango, Mexico. The drill program was undertaken to provide new core intercepts for a comprehensive metallurgical testwork program and to confirm the higher-grade nature of the Metates intrusive hosted mineralization.

Alan Pangbourne, CEO, states: "The drill results from Metates are higher than expected further supporting our thesis that within the world class deposit, a higher-grade component exists from which we can build a foundation for a new mine plan. We look forward to completing ongoing efforts to re-scope and optimize this impressive project."

Mr. Pangbourne continued, "The assay results on average are over 18% higher than the comparable block model gold equivalent grades in the current resource model. Two of the five holes are the best ever holes drilled at Metates and four are in the previous top 20 based on a grade – thickness product. The new drill assays will be integrated into a new mineral resource estimate along with the metallurgical test results which we anticipate completing with the prefeasibility study supporting the proposed heap leaching processing option in 2022."

Drill Assay Highlights:

A map showing drill hole locations, a drill hole long section along the plane of the inclined holes and all the assay data are available at https://chesapeakegold.com/wp-content/uploads/2021/06/2021.06.28-Drill-Results.pdf

CKG21-086 Cross Section:

To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/752/88838_b2c3f0d4640e29ba_002full.jpg

All five drill holes targeted the intrusive hosted mineralization. The holes were spaced at approximately 100 metre intervals along the strike of the main Metates intrusive and enclosing sedimentary rocks. The holes were drilled at an azimuth of 215 degrees and angled at 60 degrees to the southwest and cut the dipping intrusive body with the reported mineralized intercepts interpreted to be near true thickness. The holes also confirmed the anticipated as-modeled contacts and rock types intercepted in each hole including the intrusive and sediment contacts and limits of mineralization.

The drill program totalled 2,333 metres. Using a 0.35 g/t gold-silver equivalent (AuEq) cut off grade (AuEq = Au g/t + Ag g/t/75), 87% of all the assay intervals exceeded this cut-off.

Sample Preparation, Analysis and QA/QC Program.

All the assays reported by Chesapeake in this news release are from PQ drill core which was logged and sampled in a secure storage facility located at the Metates project. PQ core was cut using disc rock saws and ¼ was sampled. Core samples were sent to ALS Laboratory for preparation in Zacatecas City, Mexico, and subsequently pulps were sent to ALS Laboratories in Vancouver, Canada, which is an accredited mineral analysis laboratory.

All core samples containing mostly 3 metre intervals of ¼ core were prepared using a method whereby the entire sample was crushed to 90% passing -2mm, a split subsample of 1000 g was pulverized to better than 85% passing 75 microns and then a 250 g pulp was taken.

Samples were analyzed for gold using 50 g fire assay fusion with an ICP finish (Method Au-ICP22). Silver and other elements were analyzed by 4 acid digestion with a ICP finish (Method ME-ICP61). Gold (>5 ppm) and silver (>100 ppm) over limits were analyzed by fire assay and gravimetric finish.

Core sample duplicates, preparation (crush and pulp) duplicates and certified standards and blanks from CDN Resource Laboratories were inserted into the samples stream as part of the sampling protocol for the QA/QC program.

Alberto Galicia, P.Geo, Vice President Exploration and Gary Parkison, CPG, Vice President Development, are Qualified Persons as defined by NI43-101 and have reviewed and approved the technical information in this release.

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with over 18 million ounces of gold and over 500 million ounces of silver.

Chesapeake has also developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at invest@chesapeakegold.com or (604) 731-1094.

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

Forward-looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration and drilling programs at the Metates Property, including metallurgical testing, mineralization estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a pre-feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Metates Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88838

TORONTO, June 25, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) announces that on Wednesday, June 23, 2021, it acquired 4,963,455 common shares of NevGold Corp. (formerly Silver Mountain Mines Inc.)(“NevGold”), and shares purchase warrants exercisable to acquire an additional 2,481,727 common shares of NevGold at $0.60 per share until June 22, 2023, pursuant to the terms of a private transaction. As of this date, McEwen beneficially owns securities representing 10% of the currently outstanding shares of NevGold on a non-diluted basis, and approximately 14.3% on a partially-diluted basis.

These securities were issued to McEwen in partial consideration for the sale of the Limousine Butte and Cedar Wash projects in Nevada. The securities were acquired for investment purposes. McEwen has a long-term view of the investment and may increase or decrease its ownership in the future on the open market or through private transactions.

This press release is being issued pursuant to Nation Instrument 62-103, which also requires an Early Warning Report be filed with regulatory authorities in each jurisdiction in which NevGold is a reporting issuer. A copy of the Early Warning Report will be filed on NevGold’s profile on SEDAR. NevGold can be contacted at c/o Suite 900 – 800 West Pender Street, Vancouver, BC, V6C 2V6.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc.

ABOUT MCEWEN MINING

McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina.

Toronto, Ontario–(Newsfile Corp. – June 25, 2021) – Churchill Resources Inc. (TSXV: CRI) ("Churchill" or the "Company") is pleased to announce that it has entered into a binding letter of intent dated June 24, 2021 (the "LOI") with Altius Resources Inc. ("Altius") to acquire a 100% undivided interest in certain mining claims comprising the Florence Lake Ni-Cu-PGE property in central Labrador near the coastal community of Hopedale and 175 km south of the Voisey's Bay mine (the "Florence Lake Property"). The Florence Lake Property is host to several Raglan-type ultramafic volcanic-hosted massive and disseminated sulphide nickel showings, and was last explored by Falconbridge between 1990-1997 during which time approximately 6,250m of drilling in 45 shallow holes were conducted, with drill core present on the property for relogging and sampling.

Highlights of that work included drill testing of the high-grade Baikie Showing where shallow drilling (<-100m depths) returned:

DDH FLK-92-02: 2.19% Ni, 0.22% Cu, 0.16% Co over 11.32 metres from 44.7 to 56m
DDH FLK-92-12: 1.33% Ni, 0.05% Cu over 13.5 metres from 83.0 to 96.5m

The Baikie Showing has demonstrated mineralized continuity over 110m of strike length from twelve drillhole intercepts and mapping, and is interpreted as a near vertically plunging subzone of disseminated, semi-massive and massive sulphide mineralization, consistent with the Raglan or Kambalda style of nickel deposits. Other showings along strike have generated +1.0% nickel grab samples or short intersections and need modern exploration work along with Baikie.

The Florence Lake Property is in need of modern, helicopter-borne magnetic and time domain EM surveying and Churchill has engaged a leading contractor for this work in September, with compilations of all historical data already well along. Ground follow-up, prospecting and till sampling work will also be initiated this fall.

Paul Sobie, President and Chief Executive Officer of Churchill remarked, "We're really pleased to have entered into this second arrangement to potentially acquire a high-grade nickel sulphide project from Altius, and it's location 15km from tidewater in Newfoundland and Labrador really enhances its attractiveness. Altius is a great partner and we're excited to build on our relationship with the team there. We look forward to advancing both Taylor Brook and Florence Lake in the coming months."

LOI Terms

Under the terms of the LOI, the Company shall have the exclusive option for a period of 24 months to acquire an undivided 100% ownership interest in the Florence Lake Property by:

1. issuing such number common shares in the capital of the Company ("Common Shares") to Altius, or its nominee, upon the execution date of a definitive option agreement ("Option Agreement") which represents 9.9% of the pro forma basic number of Common Shares outstanding following the issuance of such Common Shares to Altius (which as at today's date would be 1,373,946 Common Shares);

1. incurring a minimum of $1,500,000 in exploration expenditures within 12 months following the execution date of the Option Agreement;

1. completing an equity financing on a private placement basis for aggregate gross proceeds of at least $4 million (the "Private Placement");

1. following the completion of the Private Placement, issuing to Altius 7,000,000 Common Shares or such lesser number of Common Shares such that after such issuance, Altius shall not own more than 19.9% of the Common Shares outstanding following the issuance of such Common Shares to Altius, on a partially diluted basis; and

1. providing Altius with a nomination right to elect one nominee to the board of directors of Churchill until such time that Altius beneficially owns less than 9.9% of the Common Shares; and

1. providing Altius with a pre-emptive right to participate in future equity financings of Churchill to maintain its share ownership percentage interest in Churchill to a maximum of 19.9% of the issued and outstanding Common Shares until such time that Altius beneficially owns less than 9.9% of the Common Shares.

Following the date that the option is deemed to have been exercised in accordance with its terms, Churchill will issue and grant to Altius a 1.6% gross sales royalty on any minerals produced from the claims comprising the Florence Lake Property.

The transaction, including the issuance of Common Shares to Altius, and execution of a definitive investors rights agreement, is subject to all the necessary approvals from the TSXV. Any securities issued in connection with the transaction will be subject to applicable statutory hold periods.

Florence Lake Property

The Florence Lake Project is comprised of three map-staked licenses in two blocks, with the northern Florence Lake Block comprising Licenses 027520M (50 claims) and 032167M (151 claims) totaling 5,025ha or 50.25km². The southern Seahorse Lake Block is comprised of license 032231M containing 172 claims which cover 4,300ha or 43km². These licenses require $78,139.00 in assessment work during the current year.

Unless otherwise indicated, the scientific and technical information contained in this news release has been reviewed and approved by Paul Sobie, P.Geo, who is a "qualified person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Churchill Resources

Churchill is managed by career mining industry professionals which currently holds three exploration projects, namely Taylor Brook in Newfoundland, Pelly Bay in Nunavut and White River in Ontario. All three projects are at the evaluation stage, with known mineralized Ni-Cu-Co showings at Taylor Brook and Pelly Bay, and diamondiferous kimberlitic intrusives at White River and Pelly Bay. The primary focus of Churchill is on the continued exploration and development of the Taylor Brook and Florence Lake Project.

Further Information

For further information regarding Churchill, please contact:

Churchill Resources Inc.
Paul Sobie, Chief Executive Officer
Tel. 416.365.0930 (o)
647.988.0930 (m)

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about Churchill's objectives, goals and exploration activities proposed to be conducted on its properties; future growth potential of Churchill, including whether any proposed exploration programs at any of its properties will be successful; exploration results; and future exploration plans and costs. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. In particular, this release contains forward-looking information relating to, among other things, the entering into of a definitive Option Agreement and other ancillary transaction documents with respect to the Florence Lake Property and the exercise of such option; the number of Common Shares that may be issued in connection with the transactions discussed herein, and the parties' ability to satisfy due diligence requirements, closing conditions and receive necessary regulatory approvals. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Such factors, among other things, include: exploration results on the Florence Lake Property; the expected benefits to Churchill relating to the exploration proposed to be conducted on its properties; receipt of all regulatory approvals in connection with the transaction contemplated herein; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Churchill's properties, if required; fluctuations in genera macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and ongoing uncertainties relating to the COVID-19 pandemic Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Churchill cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Churchill assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88648

VIRGINIA CITY, Nev., June 24, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” or the “Company”) today announced its execution of agreements to purchase an additional 5% of its 45%-owned technology development partner, Quantum Generative Materials LLC (“GenMat”), in exchange for $50 million.

The Company will provide an initial $15 million in cash and stock over the next six months, and an additional $35 million upon GenMat’s realization of key development milestones. The proceeds will be used to expand on the development efforts of GenMat’s founders, with the primary goal of commercializing new quantum computing technologies to accelerate material science discovery and development.

Quantum Computing

Classical computing relies on binary states in order to complete logical operations and that state is either on or off. True or false. One or zero. In contrast, quantum computing is based on physical systems that can be in multiple states simultaneously, with each state having a probability of occurring after measurement. To a quantum computer, that state can simultaneously be black, white, and every shade of grey in between. The distinction is powerful, and it gives quantum computers the potential to process exponentially more operations far more efficiently than classical computers. GenMat is developing a proprietary quantum operating system to exploit that potential and harness emerging quantum computing technologies to develop breakthrough new materials for use in high-impact applications, including batteries, mining and carbon capture and utilization.

“Quantum computing has the profound potential to resolve urgent challenges of our time, such as global resource scarcity and climate change,” said Corrado De Gasperis, Comstock’s Executive Chairman and Chief Executive Officer. “We have been working for some time on the frontier of new materials development with GenMat’s world-class team and network of quantum computing professionals and material scientists. We believe that their work will make many positive and disruptive contributions, especially in our existing and planned industries. We are honored to participate and provide funding and commercialization support to such an exceptional and growing team of transformational professionals.”

Strategic to Existing Lines of Business

While GenMat’s intended offerings will be industry agnostic when it emerges from stealth mode, Comstock is laser focused on applications that accelerate the development of new clean technologies to address resource scarcity by facilitating climate smart mining, electrification, and decarbonization. Consequently, in addition to its investment, Comstock also secured exclusive rights to use GenMat’s quantum technologies to complement and enhance its existing operations and planned technological and new business developments.

“Comstock’s lithium-ion battery operations provide an excellent example of the application potential of GenMat’s work,” continued De Gasperis. World-wide lithium-ion battery (“LIB”) production capacity has increased tenfold in the past decade. According to a recent report from the International Energy Agency (“IEA”), demand for lithium is expected to increase to about 155 kilotons per year by 2030, in part to fill global demand for electric vehicles (“EVs”). ARK Invest recently concluded that EV sales will increase from about 2 million EVs per year to about 40% of global auto sales within five to six years. Tesla CEO Elon Musk provided a similar estimate, tweeting his view that the industry could produce 30 million EVs per year by 2027. Hitting that output will require about 1.8 million tons per year of lithium carbonate equivalent (“LCE”), or about five times more than the entire lithium mining industry produces today, and more than fifteen times the total LCE used in producing new EVs in 2020. The mining and battery manufacturing industries can scale up to meet that demand, however, there are only about 80 million tons of identified lithium resources worldwide, and EV batteries are typically rated for eight to ten years of use.

Mr. De Gasperis concluded, “Among other applications, we plan to use GenMat’s platform to enhance our extraction and refining of lithium and other scarce electrification metals, and then to design and produce dramatically improved battery components with those and other metals. Even then, we would be barely scratching the surface of the potential that quantum computing technologies offer. We’re looking forward to supporting GenMat’s development, and using our license rights to systemically maximize financial, natural and social impact for all of our stakeholders.”

About Comstock Mining Inc.

Comstock (NYSE: LODE) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Comstock is also set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4, 2021. Membership in the Russell Microcap^® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

TORONTO, June 24, 2021 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce the appointment of Mr. W. Douglas Eaton, B.A., B.Sc. to the Board of Directors effectively immediately.

Chad Williams, Executive Chairman of Honey Badger Silver commented, “We are very fortunate to have Doug join the Honey Badger Board. He is renowned industry-wide for his leading technical and geological expertise that has led to significant discoveries, particularly in the Yukon where he will be a tremendous support to our efforts and in building our silver asset base.”

Mr. Eaton obtained a Bachelor of Science degree in Geology from the University of British Columbia in 1980, and a Bachelor of Arts degree from the University of Alberta in 1971. He has been with consulting firm Archer, Cathro & Associates (1981) Limited since 1971 serving as principal since 1981. He has exceptional knowledge of Yukon geology and has contributed to several important discoveries, including the Blende Ag-Pb-Zn deposit, Marg Zn-Cu-Pb-Ag-Au, Klaza Au-Ag deposit and the Wolverine Zn-Ag-Pb-Cu-Au deposit. He was a 2012 recipient of the H.H. “Spud” Huestis Award for excellence in prospecting and exploration for his role in the discovery and development of the Rackla Gold Belt.

Mr. Eaton has served as a director and officer of numerous public companies on the TSX Venture Exchange for over three decades and is currently President and CEO of Strategic Metals Ltd.

The Company also announces that Mr. Chad Gilfillan has chosen to step down from the Board.

“Chad Gilfillan has been an extremely valuable Board member and has contributed to the direction and growth of the company. We are fortunate to have benefitted from his capital markets expertise,” said Chad Williams, Executive Chairman and Director of Honey Badger Silver.

Extension of Flow-Through Financing

The Company also reports that it has extended its Flow-Through Financing (the “FT Offering”) for aggregate proceeds of $1.5 million. As previously announced, the FT Offering consists of 10 million shares (the “Flow-Through Shares”) that qualify as flow-through shares for purposes of the Income Tax Act (Canada), at a price of $0.15 per Flow-Through Share.

The FT Offering is now expected to close on or before July 23, 2021. The Company plans to pay finder's fees of up to 7% in cash and 7% in finder's warrants in connection with the FT Offering. Further information is available by contacting Ms. Anne Mitchell of Grove Corporate Services Ltd. at anne@grovecorp.ca Tel: (416) 642-1807, ext 309.

For more information, please visit our new website at http://www.honeybadgersilver.com.
Or contact: Ms. Christina Slater at cslater@honeybadgersilver.com.

About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

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