COEUR D'ALENE, Idaho, June 24, 2021–(BUSINESS WIRE)–Hecla Mining Company (NYSE: HL) today announced the following changes in senior management.

Luke Russell, Vice President – External Affairs, is retiring on August 2, 2021, after eight years of service leading the environmental, sustainability and government affairs activities. Following his retirement Luke will consult on government affairs.

Robert Brown, Vice President – Corporate Development, has been appointed Vice President – Corporate Development and Sustainability effective July 1, 2021. Rob has managed corporate development for the past five years and will now also coordinate Hecla’s sustainability activities.

Kurt Allen, Director – Exploration, has been appointed Vice President – Exploration effective July 1, 2021. Kurt has over 34 years with Hecla and has held various geology positions in both exploration and operations.

Michael Clary, Vice President – Human Resources and Senior Counsel, has been appointed Sr. Vice President and Chief Administrative Officer effective July 1, 2021. Mike has over 27 years with Hecla in operations administration, accounting, legal, and human resources.

"I want to thank Luke for the past eight years for making our impact on the environment small but our contributions to communities large," said Phillips S. Baker, Jr., President and CEO. "Rob will pick up the focus of our industry leading sustainability efforts to make them stronger and more transparent. Under Kurt’s direction our exploration projects are the most prospective in our history, and we anticipate new discoveries and expansion of existing ones. Finally, Mike has the unusual combination of years of experience with Hecla combined with working in different functions making him uniquely qualified as a senior leader of our business."

Cautionary Statements to Investors on Forward-Looking Statements

This news release may contain "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, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. When a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements in this news release may include: (i) that our sustainability efforts will become stronger and more transparent; and (ii) that we anticipate to make new discoveries in our exploration projects and expansions of existing ones.

Material risks that could cause actual results to differ from forward-looking statements include, but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating risks; (iii) currency fluctuations; (iv) increased production costs and variances in ore grade or recovery rates from those assumed in mining plans; (v) community relations; (vi) conflict resolution and outcome of projects or oppositions; (vii) litigation, political, regulatory, labor and environmental risks; and (viii) exploration risks and results, including that mineral resources are not mineral reserves, they do not have demonstrated economic viability and there is no certainty that they can be upgraded to mineral reserves through continued exploration. For a more detailed discussion of such risks and other factors, see the Company’s 2020 Form 10-K, filed on February 18, 2021, with the Securities and Exchange Commission (SEC), as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors’ own risk.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.

Category: Press Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210624005934/en/

Contacts

Jeanne DuPont
Senior Communications Coordinator
800-HECLA91 (800-432-5291)
Investor Relations
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com

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

VANCOUVER, BC, June 24, 2021 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report that the Transient Electromagnetic (TEM) surface geophysical survey at the Rosales Copper Project has identified large, near-surface conductive anomaly targets and prompted the Company to plan its first drill campaign at the project. Furthermore, based on the results to date the Company has applied for an additional 900 hectares of concessions adjacent to the southern boundaries of the project area (See Figure 1: https://bit.ly/3gMWFmC).

"The TEM survey has performed even better than expected, and we are excited to have identified significant areas with near-surface anomalies that are prospective for sulphide copper mineralization," stated Brian McEwen, Golden Arrow VP Exploration and Development. "Drill testing these is now our priority and we plan to start that imminently."

The highest priority target based on size, strong conductivity and correlation with high-copper values in surface rock-chip samples is a conductive area of 850 by 500 metres that may include several conductive zones ("G1", see Figure 2a: https://bit.ly/3xNtSE5). The shallowest part of anomaly is estimated to be at approximately 100 metres below surface with the depth extent still to be determined. A second large conductive anomaly is situated approximately 500 metres to the southeast, ("G-2" see Figure 2b: https://bit.ly/3xNtSE5) with dimensions of 600 by 400 metres, and it is open to the south. The upper reaches of this anomaly are also interpreted to be within 100 metres of surface. A third conductive target has been identified 2650 metres to the northwest of G1.

Following the TEM survey, Golden Arrow engaged Quantec to complete a 440 line-kilometre ground magnetic survey at 100-metre line separation to provide additional detailed geophysical information throughout the entire project area and to detect possible porphyry targets at depth. The new survey is underway and expected to be completed by approximately the end of June.

Compiled interpretation of both surveys will allow final targets to be refined for drill testing. A tender for reverse circulation (RC) drilling of up to 2,000 metres has been put out for bid, with a plan to commence drilling in August.

Rosales Project and Program Details
The Rosales Project currently includes 3444 hectares of 100% held mineral claims (not including 900 additional hectares under application). The project is road-accessible and is situated less than 90 kilometres from the mining centre of Copiapo, with world-class exploration and mining infrastructure readily available. The Project is situated in the Atacama Region, a prolific mining region that hosts multiple large precious and base metal mines.

The initial reconnaissance program at Rosales identified two general areas of prospective mineralization: The Margarita Mine trend (MMT), and the NW Target. The MMT is a 3.5-kilometre-long structural corridor, oriented northeast-southwest, mainly defined by felsic dykes. Chalcocite and chrysocolla were identified in outcrop in an area covering 350 by 400 metres, and samples from this area averaged 1.74% copper with a highest value of 4.37% copper hosted in andesitic volcanoclastic rocks and andesites (See News Release dated July 20, 2020 filed on SEDAR). This mineralization is coating fractures and disseminated in the matrix of the volcanoclastic host rock. There are also indications manto-type mineralization two to four metres thick in this zone.

The NW Target is located 2.7 kilometres to the northwest of the MMT. It includes outcrop with veinlets and fractures hosting quartz-chalcocite-copper oxides within an area measuring 1,500 by 400 metres. This mineralization is hosted by porphyritic andesite and dacite, which may represent a dome complex. Eight chip samples averaged 3.19% Cu and 13.9 g/t Ag with a highest value of 5.74% Cu and 37.1 g/t Ag (See News Release dated July 20, 2020 filed on SEDAR).

The goal of the geophysical program announced on April 29, 2021, was to detect and delineate prospective electromagnetic conductor responses consistent with near-surface copper stockwork mineralization, potentially related to larger copper systems at depth, and associated with surface anomalies in the MMT and NW target areas described above. Quantec Geoscience Chile Ltda. ("Quantec") was awarded the contract for completing the survey. Golden Arrow also engaged independent geophysical consultant Miles Rideout to guide the program, provide additional interpretations of the data, and recommendations for next steps.

The survey utilized a Geonics Ltd. 'Protem' geophysical system operated with an in-loop profiling configuration, transmitting 25 Hz current in overlapping 800 m x 800 m transmitter loops and covering a total of 850 hectares. Three-component receiver measurements were acquired at 50 metre intervals along east-west lines spaced with 100 metre line separation.

Transient or time-domain electromagnetic profiling is one of the best proven geophysical techniques for the detection of conductive sulphide minerals. TEM was originally developed in Canada and has been credited with many mining discoveries over five decades. Unlike Induced Polarization surveys, TEM data are largely unaffected by disseminated pyrite mineralization and can detect and delineate conductive sulphide bodies within larger disseminated formations. Additionally, sulphide minerals associated with weak induced polarization response can present excellent TEM conductors as long as the sulphide grains form continuous paths of electrical conductivity. This is the reason that TEM surveys are preferentially sensitive to high-grade and massive sulphide bodies.

TEM profile data presents decay intervals from earliest interval (channel 1) to the latest interval (channel 20). Current in the TEM transmit loop induces secondary eddy current in the ground, from near surface to depths of hundreds of metres. Eddy currents attenuate fastest in areas with poor conductivity but persist for relatively long periods in good electrical conductors. The relative electrical conductivity of target features is often discriminated by which channels present strong anomalous response. Early-time gates typically show poor conductors such as clays or water-saturated sediment. Late-time gates only respond to the best-quality conductors, which often represent zones of metallic conductivity as found in many sulphide minerals. Better conductivity is usually attributable to more massive textures and greater conductor thickness. Chalcocite, bornite and chalcopyrite are copper sulphides often associated with high-conductivity TEM responses. Historic investigation in the Copiapo district has demonstrated that pyrite is rarely associated TEM anomalies, attributable to pyrite's predominant tendency to form discontinuous grains, which do not facilitate electrical conduction.

In the MMT target two anomalous zones were detected; one with the highest conductivity and very strong responses to channel 20 (G-1 in Figure 2a). The dimensions of this target are 850 by 500 metres, though the target may comprise multiple conductive zones. Interpretation of the TEM profiles indicates the shallowest portions of this target are approximately 100 metres below surface. The depth extent of this target has not yet been determined. This conductive target is the highest priority target for drilling due to its size, excellent conductivity and correlation with high-copper values in surface rock-chip samples.

At 500 metres to the southeast, a second large conductive zone (G-2- Figure 2b) has been detected with dimensions 600 by 400 metres in channel 14 response. This zone remains open to the south, to the southern border of the project, and Golden Arrow has applied for three additional concessions of 300 hectares each to cover the extension of the anomaly in this area. This southeast target is somewhat less conductive than the central target, with the TEM response attenuating significantly beyond channel 17. This earlier response suggests more disseminated textures or different composition. Interpretation of TEM profiles indicates the upper portions of this target are less than 100 metres below surface. Due to its earlier-time anomalous response, this is the second priority area for drilling.

At the NW target a third conductive zone has been identified at the northern limit of the TEM survey coverage (G3 in Figure 2, 2650 metres NNW of G-1 in Figure 2a). A very broad early and mid-time response resolves to a narrow, highly conductive lineament in channel 20. This zone is approximately 100 metres wide, and has been delineated over 400 metres length, and it remains open to the north. Considering the setting this response is consistent with a highly conductive structure located below a relatively thin unit of conductive sediment. This is the third priority target. Geochemical sampling shows positive copper values at all three TEM targets, thus the Company considers all three to be highly prospective.

Golden Arrow's geophysical consultant Miles Rideout stated "We chose the TEM profiling technique as an expedient method to directly detect high-quality sulphide targets. The observed TEM responses show broader conductors consistent with manto deposits and strong narrow features consistent with feeder structures. It is easy to recommend drilling based on these very positive results."

Qualified Persons

The technical portions of this news release have been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development to the Company and a Qualified Person as defined in National Instrument 43-101.

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.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

View original content to download multimedia:http://www.prnewswire.com/news-releases/golden-arrow-identifies-drill-targets-and-expands-tenements-at-rosales-copper-project-chile-301319165.html

SOURCE Golden Arrow Resources Corporation

Here are five stocks added to the Zacks Rank #5 (Strong Sell) List today:

The Pennant Group, Inc. PNTG through subsidiaries offers home health, hospice and senior living services. The Zacks Consensus Estimate for its current year earnings has been revised 5.4% downward over the last 30 days.

Guild Holdings Company GHLD provides financial services. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 60 days.

eXp World Holdings, Inc. EXPI provides cloud-based real estate brokerage services. The Zacks Consensus Estimate for its current year earnings has been revised 12% downward over the last 60 days.

ACRES Commercial Realty Corp. ACR is a real estate investment trust which is primarily focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments. The Zacks Consensus Estimate for its current year earnings has been revised 45.1% downward over the last 60 days.

First Majestic Silver Corp. AG is engaged in the production, development, exploration, and acquisition of silver mines. The Zacks Consensus Estimate for its current year earnings has been revised 11.5% downward over the last 60 days.

View the entire Zacks Rank #5 List.

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To read this article on Zacks.com click here.
 
Zacks Investment Research

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

HALIFAX, NS, June 23, 2021 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 7 new drill holes from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-048 intersected 61.3m of 285 g/t silver equivalent ("AgEq"), including 1.0m of 5,071 g/t AgEq contained within 9.3m of 1,127 g/t AgEq. See Table 1 for breakdown of silver and gold values.

"Hole 48 is our easternmost hole drilled to date at El Favor, with some of the highest grades we've seen to date in the deposit," said Brad Langille, President and CEO. "Adding strike length to the eastern end of El Favor at these grades could contribute greatly to the upcoming resource."

Table 1: Drill Hole Intersections

Three of the four major veins (Salomon, Guitarrillas and Los Chivos) appear to converge into a 100m wide zone at the western end of the El Favor deposit in the vicinity of the Hundido Pit at an elevation of 1300m. The wallrock in between the veins is strongly silicified, altered and mineralized. The merging of these veins continue to provide significant widths of good grade which could be potentially amenable to bulk mining. Currently at El Favor drilling is underway on an eastern extension of the structure where good mineralization has been encountered, such as hole LRGF-21-048.

The Eastern end of the El Orito deposit (as presently defined) is located about 800 metres along strike to the west of the Hundido Pit (see Figure 2). Wide zones of precious and base metal mineralization were cut by drill holes at El Orito at elevations between 600 to 800m. Geological mapping, sampling and Induced Polarization ("IP") surveying programs in the area between El Orito and El Favor are underway.

Table 2: Drill Hole Locations

VRIFY Slide Deck and 3D Presentation

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

Access the GoGold Company Profile on VRIFY at: https://vrify.com

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/explore/decks/9404 and on the Company's website at: www.gogoldresources.com.

Los Ricos District Exploration Projects
The Company's two exploration projects at its Los Ricos property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019 and an initial resource was announced on July 29, 2020 which indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes. An initial PEA on the project was announced on January 20, 2021 indicating an NPV_5% of US$295M.

The Los Ricos North Project was launched in March 2020 and includes drilling at the El Favor, La Trini, Casados and El Orito targets. During 2020, GoGold's exploration team identified over 100 targets on the Los Ricos North properties, demonstrating the significant exploration potential. The Company plans to drill 10 of these targets as part of its 2021 drilling program which is planned to exceed 100,000 metres of drilling and will be one of the largest in Mexico.

Procedure, Quality Assurance / Quality Control and Data Verification
The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold's QA/QC protocols.

Mr. David Duncan, P. Geo. 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 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 to download multimedia:http://www.prnewswire.com/news-releases/gogold-drills-5-071-gt-ageq-over-1-0m-within-61-3m-of-285-gt-ageq-at-el-favor-in-los-ricos-north-301318088.html

SOURCE GoGold Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/23/c2652.html

In this article we will check out the progression of hedge fund sentiment towards McEwen Mining Inc (NYSE:MUX) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Is McEwen Mining Inc (NYSE:MUX) a healthy stock for your portfolio? Hedge funds were becoming less hopeful. The number of bullish hedge fund bets fell by 5 in recent months. McEwen Mining Inc (NYSE:MUX) was in 5 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 12. Our calculations also showed that MUX isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 10 hedge funds in our database with MUX holdings at the end of December.

In the financial world there are dozens of methods investors have at their disposal to analyze publicly traded companies. Some of the most useful methods are hedge fund and insider trading indicators. Our researchers have shown that, historically, those who follow the best picks of the top money managers can outclass the market by a significant margin (see the details here). Also, our monthly newsletter's portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .

John Overdeck of Two Sigma Advisors

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 $23 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. Keeping this in mind let's go over the fresh hedge fund action surrounding McEwen Mining Inc (NYSE:MUX).

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

Heading into the second quarter of 2021, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -50% from the previous quarter. By comparison, 8 hedge funds held shares or bullish call options in MUX a year ago. With hedge funds' capital changing hands, there exists a select group of notable hedge fund managers who were boosting their holdings meaningfully (or already accumulated large positions).

According to Insider Monkey's hedge fund database, Weiss Asset Management, managed by Andrew Weiss, holds the most valuable position in McEwen Mining Inc (NYSE:MUX). Weiss Asset Management has a $16.1 million position in the stock, comprising 0.4% of its 13F portfolio. The second most bullish fund manager is John Overdeck and David Siegel of Two Sigma Advisors, with a $1.5 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other peers with similar optimism contain Ken Griffin's Citadel Investment Group, Israel Englander's Millennium Management and Ken Griffin's Citadel Investment Group. In terms of the portfolio weights assigned to each position Weiss Asset Management allocated the biggest weight to McEwen Mining Inc (NYSE:MUX), around 0.44% of its 13F portfolio. Heathbridge Capital Management is also relatively very bullish on the stock, designating 0.02 percent of its 13F equity portfolio to MUX.

Due to the fact that McEwen Mining Inc (NYSE:MUX) has witnessed bearish sentiment from the smart money, we can see that there was a specific group of funds that decided to sell off their positions entirely in the first quarter. At the top of the heap, Eric Sprott's Sprott Asset Management said goodbye to the biggest position of the "upper crust" of funds watched by Insider Monkey, totaling an estimated $1.1 million in stock. Orkun Kilic's fund, Berry Street Capital, also cut its stock, about $1 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest fell by 5 funds in the first quarter.

Let's now review hedge fund activity in other stocks – not necessarily in the same industry as McEwen Mining Inc (NYSE:MUX) but similarly valued. We will take a look at Gamida Cell Ltd. (NASDAQ:GMDA), Akouos, Inc. (NASDAQ:AKUS), Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), AquaBounty Technologies, Inc. (NASDAQ:AQB), Homology Medicines, Inc. (NASDAQ:FIXX), Nautilus, Inc. (NYSE:NLS), and Plymouth Industrial REIT, Inc. (NYSE:PLYM). All of these stocks' market caps are similar to MUX's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position GMDA,14,73639,0 AKUS,9,94380,-2 SPPI,8,47544,-1 AQB,10,61518,5 FIXX,7,11553,0 NLS,20,45869,0 PLYM,8,25611,-3 Average,10.9,51445,-0.1 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 10.9 hedge funds with bullish positions and the average amount invested in these stocks was $51 million. That figure was $19 million in MUX's case. Nautilus, Inc. (NYSE:NLS) is the most popular stock in this table. On the other hand Homology Medicines, Inc. (NASDAQ:FIXX) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks McEwen Mining Inc (NYSE:MUX) is even less popular than FIXX. Our overall hedge fund sentiment score for MUX is 12.5. 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. Hedge funds clearly dropped the ball on MUX as the stock delivered strong returns, though hedge funds' consensus picks still generated respectable returns. 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 17.4% in 2021 through June 18th and still beat the market by 6.1 percentage points. A small number of hedge funds were also right about betting on MUX as the stock returned 36.5% since Q1 (through June 18th) and outperformed the market by an even larger margin.

Get real-time email alerts: Follow Mcewen Mining Inc. (NYSE:MUX)

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

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VIRGINIA CITY, Nev., June 22, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” or the “Company”) today announced the acquisition of 100% of the equity of Renewable Process Solutions, Inc. (“RPS”), an advanced process engineering and renewable technology development company, in exchange for 1,000,000 restricted shares in the Company’s common stock, valuing the transaction at approximately $3.5 million.

RPS and/or Mr. Bobbili have designed and built 21 advanced renewable fuels production facilities since 2006, and RPS currently provides engineering, procurement, and construction (“EPC”) services for the renewable metals, mining, petrochemical, and fuels industries. RPS also provides advanced equipment manufacturing services through its affiliated manufacturing facilities in the United States and India, at consistently superior qualities and rates.

LINICO Corporation (“LiNiCo”), Comstock’s investment in lithium-ion battery (“LIB”) recycling, has currently engaged RPS for the design and construction of critical renewable processes, including crushing, separating and lithium extraction technologies for LiNiCo’s new, state-of-the-art LIB recycling manufacturing facility at 2500 Peru Drive, in the Tahoe Reno Industrial Center, in Storey County, Nevada.

“Almost instantaneously, RPS President & CEO Rahul Bobbili and his network of engineering and advanced manufacturing experts integrated themselves into the LiNiCo team, enhancing designs, ensuring quality, reducing capital requirements and shortening lead times,” stated Corrado De Gasperis, Comstock’s Executive Chairman and Chief Executive Officer. “As the RPS engineers began developing breakthrough lithium extraction and recycling processes for us in real time, with their existing know-how, we also recognized compelling applications and synergies across our existing and planned new lines of business.”

In addition to the acquisition, Mr. Bobbili, as Chief Process Engineer, will oversee and direct all EPC processes for LiNiCo. LiNiCo has commenced ordering crushing and separation equipment, for deliveries during the fourth quarter of 2021 and the first quarter of 2022, on plan, for commencement of production of black mass and lithium carbonate in the first and second quarters of 2022, respectively. LiNiCo’s main processing permit application is expected to be filed this month.

“We see LIBs as a potent source of industrial ore, and as with any ore, we need the right team, technology, and infrastructure to mine and process it,” continued Mr. De Gasperis. “We are very excited to complete this transaction, expand our capacity and add both the new recycling technologies that RPS has and is developing, and most especially, adding Rahul to our senior team.”

About 500,000 tons of expired LIBs with upwards of $921 million in strategic metals are landfilled annually today. A recent report by Yole Développement estimated annual growth to more than 9 million tons and $26 billion by 2040.

Mr. De Gasperis concluded, “Rahul’s capacity for designing, procuring and commissioning innovative, environmentally and economically-focused engineering solutions, with exceptional environmental, health and safety track records, places him and his teams at the forefront of our senior ESG leadership team.”

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.

• Product shipments have commenced across Canada

• National respiratory sales force recruitment well advanced, field deployment on-going

• Private and public reimbursement coverage progressing

• Nelly Komari, joins Valeo as Senior Vice President Scientific & Medical Affairs

MONTREAL, June 22, 2021 /PRNewswire/ – Valeo Pharma Inc. (CSE: VPH) (OTCQB: VPHIF) (FSE: VP2) ("Valeo" or the "Company"), a Canadian pharmaceutical company, announced today that commercialization of Enerzair Breezhaler and Atectura Breezhaler has commenced following product shipments across Canada and the initial deployment of its national respiratory sales force.

"The commercial launch of Enerzair Breezhaler and Atectura Breezhaler is a key milestone for Valeo. It marks the debut of the Company's commercial efforts in the $700M Canadian asthma market, one of Canada's largest therapeutic segments", said Steve Saviuk, Chief Executive Officer. " I am especially proud of our Valeo team that organized this major product launch less than three months after licensing the products from Novartis Pharmaceuticals Canada Inc.. The commercialization of these two innovative asthma therapies follows the successful launch of Redesca^TM in April 2021 and will immediately impact our financial performance and accelerate in the fiscal quarters to come".

Commenting on the Enerzair Breezhaler and Atectura Breezhaler commercial launch, Frederic Fasano, President and Chief Operating Officer said; "We are very excited to start promoting and selling our first respiratory products. The establishment of our country wide respiratory, medical and commercial infrastructure is well under way and it is driven by a team of highly skilled and experienced pharma professionals. Nelly Komari, a seasoned pharma executive, has recently joined Valeo to lead the medical team in support of our asthma product launches. Enerzair Breezhaler and Atectura Breezhaler have demonstrated, against the current standard of care, that they improve the level of control of asthma symptoms and better prevent the related complications. Our team is very excited to start to reach out to clinicians to introduce both products and is proud to provide Canadian patients with these new treatment options".

At present, almost 4 million Canadians are living with asthma¹, a serious health issue affecting all age groups. Patients with severe asthma live in fear of potential exacerbations which remain highly prevalent even with today's most advanced therapies. Asthma related exacerbations are concerning because of their associated mortality burden and also because of the increased risk of side effects from the use of systemic corticosteroids. Furthermore, there is growing evidence highlighting the lack of symptom control currently achieved in asthma. 39%² of patients remain uncontrolled, despite available dual LABA/ICS medications, primarily due to low adherence, treatment misuse and poor inhaler technique. There is an urgent need to add effective maintenance treatment options to more efficiently address symptoms as well as asthma related long-term complications and mortality.

References:

1: Government of Canada. Asthma and Chronic Obstructive Pulmonary Disease (COPD) in Canada, 2018. Report from the Canadian Chronic Disease Surveillance System. Available from: https://www.canada.ca/en/public-health/services/publications/diseases-conditions/asthma-chronic-obstructive-pulmonary-disease-canada-2018.html#a1.

2: Buhl R et al. Respiratory Medicine (2020)

3: Novartis Pharmaceuticals Canada Inc., ENERZAIR® BREEZHALER® Product Monograph, dated July 22, 2020

4: Novartis Pharmaceuticals Canada Inc., ATECTURA® BREEZHALER® Product Monograph, dated May 5, 2020

About Enerzair^® Breezhaler^®

Enerzair^® Breezhaler^® is indicated as a maintenance treatment of asthma in adult patients not adequately controlled with a maintenance combination of a long-acting beta₂-agonist and a medium or high dose of an inhaled corticosteroid who experienced one or more asthma exacerbations in the previous 12 months³. This formulation combines the bronchodilation of indacaterol acetate (a LABA) and the glycopyrronium bromide (a LAMA) with mometasone furoate (an ICS) in a precise once-daily formulation, delivered via the dose-confirming Breezhaler^® device.

About Atectura^® Breezhaler^®

Atectura^® Breezhaler^® is indicated as a once-daily maintenance treatment of asthma in adults and adolescents 12 years of age and older with reversible obstructive airways disease. Atectura^® Breezhaler^® should be prescribed for patients not adequately controlled on a long-term asthma control medication, such as ICS or whose disease severity clearly warrants treatment with both a LABA and an ICS⁴. Atectura^® Breezhaler^® combines the bronchodilation of indacaterol acetate (a LAMA) with the anti-inflammatory mometasone furoate (an ICS) in a precise once-daily formulation, delivered via the dose-confirming Breezhaler^® device.

About Valeo Pharma

Valeo Pharma is a Canadian pharmaceutical company dedicated to the commercialization of innovative prescription products in Canada with a focus on Respiratory Diseases, Neurodegenerative Diseases, Oncology and Hospital Specialty Products. Headquartered in Kirkland, Quebec Valeo Pharma has all the required capabilities and the full infrastructure to register and properly manage its growing product portfolio through all stages of commercialization. For more information, please visit www.valeopharma.com and follow us on LinkedIn and Twitter.

Forward Looking Statements

This press release contains forward-looking statements about Valeo's objectives, strategies and businesses that involve risks and uncertainties. These statements are "forward-looking" because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

View original content to download multimedia:http://www.prnewswire.com/news-releases/valeo-pharma-announces-commercial-launch-of–enerzair-breezhaler-and-atectura-breezhaler-301316983.html

SOURCE Valeo Pharma Inc.

In the past three years, shareholders of Fortuna Silver Mines Inc. (TSE:FVI) have seen a loss on their investment. Per share earnings growth is also lacking, despite revenue growth. The AGM coming up on 28 June 2021 will be an opportunity for shareholders to have their concerns addressed by the board and for them to exercise their influence on management through voting on resolutions such as executive remuneration. Here's our take on why we think shareholders might be hesitant about approving a raise at the moment.

See our latest analysis for Fortuna Silver Mines

How Does Total Compensation For Jorge A. Ganoza Durant Compare With Other Companies In The Industry?

According to our data, Fortuna Silver Mines Inc. has a market capitalization of CA$1.3b, and paid its CEO total annual compensation worth US$2.5m over the year to December 2020. That's a slight decrease of 4.9% on the prior year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$618k.

For comparison, other companies in the same industry with market capitalizations ranging between CA$495m and CA$2.0b had a median total CEO compensation of US$1.1m. Accordingly, our analysis reveals that Fortuna Silver Mines Inc. pays Jorge A. Ganoza Durant north of the industry median. Moreover, Jorge A. Ganoza Durant also holds CA$11m worth of Fortuna Silver Mines stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

On an industry level, roughly 92% of total compensation represents salary and 8% is other remuneration. Fortuna Silver Mines sets aside a smaller share of compensation for salary, in comparison to the overall industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

A Look at Fortuna Silver Mines Inc.'s Growth Numbers

Over the last three years, Fortuna Silver Mines Inc. has shrunk its earnings per share by 12% per year. Its revenue is up 42% over the last year.

The reduction in EPS, over three years, is arguably concerning. But in contrast the revenue growth is strong, suggesting future potential for EPS growth. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..

Has Fortuna Silver Mines Inc. Been A Good Investment?

With a three year total loss of 4.0% for the shareholders, Fortuna Silver Mines Inc. would certainly have some dissatisfied shareholders. This suggests it would be unwise for the company to pay the CEO too generously.

In Summary…

The loss to shareholders over the past three years is certainly concerning and possibly has something to do with the fact that the company's earnings haven't grown. Shareholders will get the chance at the upcoming AGM to question the board on key matters, such as CEO remuneration or any other issues they might have and revisit their investment thesis with regards to the company.

We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. We did our research and identified 2 warning signs (and 1 which makes us a bit uncomfortable) in Fortuna Silver Mines we think you should know about.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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.

Vancouver, British Columbia–(Newsfile Corp. – June 22, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") has closed the recently announced non-brokered private placement for 6,000,000 units ("Units") at a price of $0.50 per Unit for gross proceeds of $3,000,000 ("Non-Brokered Placement"). Each Unit consists of one common share (each a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one common share (each, a "Warrant Share") at a price of C$0.75 at any time on or before June 21, 2023.

As a result of Southern Silver's completion of the Non-Brokered Placement and the previously announced bought deal placement ("Bought Deal Placement") (Red Cloud Securities Inc. ("Underwriter") acted as sole underwriter and bookrunner under the Bought Deal Placement of 18,000,000 units for gross proceeds of $9,000,000), the Company has now received a gross total of $12,000,000 from the two offerings (the "Placements").

The net proceeds from the Placements will be used for:

• exploration and advancement costs of the Company's Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico including a mineral resource update on the project, scheduled for Q4 2021;

• new green fields drilling on the recently acquired El Sol claim (NR-03-20), located adjacent to the Cerro Las Minitas claims and just 2 kilometres west-northwest of the Mina La Bocona target;

• additional exploration drilling on the Company's Oro Cu-Mo-Au Porphyry Project located in southern New Mexico, scheduled to commence in Q4 2021; and

• general working capital purposes.

Relative to the Placements, the Company paid cash commissions to the Underwriter of $630,000 and issued to the Underwriter 1,260,000 compensation options, with each compensation option exercisable into one Unit at a price of C$0.50 at any time on or before June 16, 2023. The Company also paid a cash advisory fee to Fort Capital Partners of $240,000 and issued to Fort Capital Partners 480,000 finder warrants, with each finder warrant exercisable into one common share of the Company at a price of C$0.50 at any time on or before June 16, 2023 and June 21, 2023 respectively for warrants received for the Bought Deal Placement and for the Non-Brokered Placement. Additional finders' fees and commissions may be paid by the Company in relation to the Units sold in the Non-Brokered Placement.

All securities issued in connection with the Bought Deal Placement and the Non-Brokered Placement respectively bear legends restricting trading of the securities until October 17, 2021 and October 22, 2021. Both Placements are subject to final TSX Venture Exchange acceptance.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor was there any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

Cerro Las Minitas Project

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

Exploration on the project continues with two drills targeting the east side of the Cerro and has now completed 52 core holes totaling 19,065 metres since restarting drilling in September 2020. Assay results from 17 drill holes are pending and are anticipated over the coming weeks.

Southern has now tested over 650 metres of strike length along the east side of the Cerro to depths of up to 500 metres primarily in the South Skarn and Mina La Bocona target areas. Three bonanza grade mineralized zones have been identified and testing of a potential fourth high-grade zone is nearing completion all of which will be incorporated into the upcoming mineral resource update on the project.

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

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

• Indicated – 134Moz AgEq: 37.5Moz Ag, 40Mlb Cu, 303Mlb Pb and 897Mlb Zn

• Inferred – 138Moz AgEq: 45.7Moz Ag, 76Mlb Cu, 253Mlb Pb and 796Mlb Zn

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

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

About Southern Silver Exploration Corp.

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

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

On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88311

BioSyent's (CVE:RX) stock is up by 8.7% over the past three months. Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on BioSyent's ROE.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

See our latest analysis for BioSyent

How Is ROE Calculated?

The formula for return on equity is:

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

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

14% = CA$4.0m ÷ CA$28m (Based on the trailing twelve months to March 2021).

The 'return' refers to a company's earnings over the last year. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.14 in profit.

Why Is ROE Important For Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

BioSyent's Earnings Growth And 14% ROE

To begin with, BioSyent seems to have a respectable ROE. On comparing with the average industry ROE of 8.7% the company's ROE looks pretty remarkable. Given the circumstances, we can't help but wonder why BioSyent saw little to no growth in the past five years. Therefore, there could be some other aspects that could potentially be preventing the company from growing. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.

As a next step, we compared BioSyent's net income growth with the industry and found that the company has a similar growth figure when compared with the industry average growth rate of 0.9% in the same period.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for RX? You can find out in our latest intrinsic value infographic research report.

Is BioSyent Using Its Retained Earnings Effectively?

Conclusion

On the whole, we feel that BioSyent's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see a good amount of growth in its earnings. Up till now, we've only made a short study of the company's growth data. To gain further insights into BioSyent's past profit growth, check out this visualization of past earnings, revenue and cash flows.

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.

Trading Symbol
TSX: SVM
NYSE American: SVM

VANCOUVER, BC, June 22, 2021 /PRNewswire/ – Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX/NYSE American: SVM) reports that the Company has filed today its fiscal 2021 annual report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC").

The Form 40-F, which includes the Company's fiscal 2021 annual audited financial statements, management's discussion and analysis, and annual information form, is available on the Company's website at www.silvercorp.ca and on the SEC's website at www.sec.gov/edgar.shtml.

Printed copies of the Company's fiscal 2021 annual financial statements, management's discussion and analysis, and annual information form and Form 40-F are available free of charge to Silvercorp shareholders upon written request.

About Silvercorp

Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees' wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.

View original content to download multimedia:http://www.prnewswire.com/news-releases/silvercorp-files-form-40-f-annual-report-301317861.html

SOURCE Silvercorp Metals Inc

Tune in and Learn About Our Progress

TORONTO, June 22, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reminds investors that its annual meeting of shareholders will be held virtually at:

www.meetingcenter.io/236635772

on June 28, 2021

at 4:00 p.m. Eastern Time.

The formal part of the meeting will be followed by a company presentation by management providing an update on our operations, project developments and expansion plans, and by a question-and-answer session.

The event will be archived and become available on our company’s website at

https://www.mcewenmining.com/media.

ABOUT MCEWEN MINING

McEwen Mining is in the midst of a turnaround. It 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.

Tune in and Learn About Our Progress

TORONTO, June 22, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reminds investors that its annual meeting of shareholders will be held virtually at:

www.meetingcenter.io/236635772

on June 28, 2021

at 4:00 p.m. Eastern Time.

The formal part of the meeting will be followed by a company presentation by management providing an update on our operations, project developments and expansion plans, and by a question-and-answer session.

The event will be archived and become available on our company’s website at

https://www.mcewenmining.com/media.

ABOUT MCEWEN MINING

McEwen Mining is in the midst of a turnaround. It 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.

VANCOUVER, British Columbia, June 22, 2021 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) reports that at its annual general and special meeting (the “AGSM”) held on June 21, 2021, MAG’s Shareholders approved by majority: to elect all seven directors standing for election; to re-appoint Deloitte LLP as the Company’s auditor; and to support the Company’s approach to executive compensation.

The Company wishes to sincerely thank Derek White, who did not stand for re-election at this year’s AGSM, for his tremendous contribution as a director of MAG. Peter Barnes, Chair of the Board, remarked, “Derek has been an extremely valuable member of the MAG Board for almost 14 years, and he will be truly missed. We wish him all the best in his future endeavors.”

Detailed results of the total shares voted at the AGSM are set out below along with the votes in regard to Say on Pay.

George Paspalas, President and CEO of MAG, extends his thanks to the Shareholders of the Company for their continued strong support.

About MAG Silver Corp. (www.magsilver.com)

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed in a Joint Venture partnership with Fresnillo Plc (56%), the Operator. Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, and the Joint Venture is currently developing an underground mine and constructing a 4,000 tonnes per day processing plant which is expected to commence commissioning in Q4 2021. Underground mine production of development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets both at Juanicipio by the Joint Venture and by MAG at the Deer Trail 100% earn-in project in Utah.

Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov LEI: 254900LGL904N7F3EL14

CONTACT: For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, VP Investor Relations and Communications Phone: 604) 630-1399 Toll Free:(866) 630-1399 Website: www.magsilver.com Email: info@magsilver.com

TSX: GPR | NYSE American: GPL

VANCOUVER, BC, June 22, 2021 /CNW/ – Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, today published its 2020 "Mining For Good" Sustainability Report. This marks the Company's second year reporting on its long-standing commitment in the areas of health, safety, environmental, social and governance management.

Robert Henderson, President and CEO of Great Panther stated: "This year's report not only explores how we have further advanced our sustainability programs, but also sets new performance targets for continual improvement as we emerge from what was arguably one of the most challenging years of our lifetimes. I am incredibly proud of our teams across the continent for having come together to deliver on our business objectives in a safe and sustainable manner."

Sustainability Report Highlights

• Improved safety performance statistics across all sites with a 57% reduction to the lost time injury frequency rate and a 50% reduction to the lost time severity rate over 2019. Despite these improvements, the Company was saddened to report a fatality at its Guanajuato Mine Complex in May 2020. Great Panther continuously updates its safety procedures and practices and provides ongoing safety training for employees and contractors.

• Developed and implemented comprehensive COVID-19 prevention, monitoring and response plans following the World Health Organization's and local health authorities' guidelines working closely with local governments and communities.

• Recorded zero fines or sanctions for non-compliance with environmental laws and regulations, including zero reportable spills or tailings-related incidents.

• Total water consumption decreased 4.4% from 2019; 82% of the water used at operations was recycled.

• Community engagement expenditure almost doubled compared to 2019 to more than $740,000 in 2020, largely in support of the Company's COVID-19 response strategy, with over 21,000 beneficiaries from our programs.

• Women held 24% of leadership positions, including superintendents, managers, directors and vice presidents, and represented 16% of Great Panther's total workforce.

• Established a Diversity Policy to ensure diversity of our Board of Directors and senior management team.

Great Panther's 2020 Sustainability Report was prepared in accordance with the Global Reporting Initiative ("GRI") Standards Core option and the GRI Mining & Metals Sector Disclosures. The report is Great Panther's annual commitment to transparent disclosure on non-financial performance across the material topics identified by the Company's internal and external stakeholders. The report and accompanying 2020 performance data and GRI Index are available to download on Great Panther's website at https://www.greatpanther.com/community/our-approach/.

ABOUT GREAT PANTHER

Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico and Peru that includes three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.

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SOURCE Great Panther Mining Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/22/c1253.html

TSX: GPR | NYSE American: GPL

VANCOUVER, BC, June 22, 2021 /CNW/ – Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, today published its 2020 "Mining For Good" Sustainability Report. This marks the Company's second year reporting on its long-standing commitment in the areas of health, safety, environmental, social and governance management.

Robert Henderson, President and CEO of Great Panther stated: "This year's report not only explores how we have further advanced our sustainability programs, but also sets new performance targets for continual improvement as we emerge from what was arguably one of the most challenging years of our lifetimes. I am incredibly proud of our teams across the continent for having come together to deliver on our business objectives in a safe and sustainable manner."

Sustainability Report Highlights

• Improved safety performance statistics across all sites with a 57% reduction to the lost time injury frequency rate and a 50% reduction to the lost time severity rate over 2019. Despite these improvements, the Company was saddened to report a fatality at its Guanajuato Mine Complex in May 2020. Great Panther continuously updates its safety procedures and practices and provides ongoing safety training for employees and contractors.

• Developed and implemented comprehensive COVID-19 prevention, monitoring and response plans following the World Health Organization's and local health authorities' guidelines working closely with local governments and communities.

• Recorded zero fines or sanctions for non-compliance with environmental laws and regulations, including zero reportable spills or tailings-related incidents.

• Total water consumption decreased 4.4% from 2019; 82% of the water used at operations was recycled.

• Community engagement expenditure almost doubled compared to 2019 to more than $740,000 in 2020, largely in support of the Company's COVID-19 response strategy, with over 21,000 beneficiaries from our programs.

• Women held 24% of leadership positions, including superintendents, managers, directors and vice presidents, and represented 16% of Great Panther's total workforce.

• Established a Diversity Policy to ensure diversity of our Board of Directors and senior management team.

Great Panther's 2020 Sustainability Report was prepared in accordance with the Global Reporting Initiative ("GRI") Standards Core option and the GRI Mining & Metals Sector Disclosures. The report is Great Panther's annual commitment to transparent disclosure on non-financial performance across the material topics identified by the Company's internal and external stakeholders. The report and accompanying 2020 performance data and GRI Index are available to download on Great Panther's website at https://www.greatpanther.com/community/our-approach/.

ABOUT GREAT PANTHER

Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico and Peru that includes three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.

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SOURCE Great Panther Mining Limited

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VIRGINIA CITY, Nev., June 21, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced today its participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for this Tuesday, June 22, 2021, at 10 AM PDT / 1 PM EDT.

The virtual road show will feature a corporate presentation from Comstock Mining’s Executive Chairman and CEO, Corrado De Gasperis, followed by a Q & A session facilitated by Noble Senior Research Analyst Mark Reichman, including questions submitted by the audience.

There is no charge for this live broadcast of the virtual road show that is open to all investors at any level.

Presentation details:
Date: Tuesday, June 22, 2021
Time: 10:00-11:00am PDT
Investors can register for the conference: Registration (gotowebinar.com)

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.

About Noble Capital Markets
Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 36 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: contact@noblecapitalmarkets.com

About Channelchek
Channelchek (.com) is a comprehensive investor-centric portal – featuring more than 6,000 emerging growth companies – that provides advanced market data, independent research, balanced news, video webcasts, exclusive c-suite interviews, and access to virtual road shows. The site is available to the public at every level without cost or obligation. Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC / FINRA registered broker-dealer since 1984. www.channelchek.com email: contact@channelchek.com

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.

NEW YORK, June 21, 2021 /PRNewswire/ — Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Colony Bankcorp, Inc. (NASDAQ: CBAN) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with SouthCrest Financial Group, Inc. Under the terms of the merger, SouthCrest shareholders have the right to elect to receive cash or Colony Bankcorp stock subject to certain procedures such that approximately 72.5% of SouthCrest shares will be converted to Colony Bankcorp stock. If you are a Colony Bankcorp shareholder, click here to learn more about your rights and options.

Chiasma, Inc. (NASDAQ: CHMA) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Amryt Pharma plc. Under the terms of the agreement, each share of Chiasma common stock issued and outstanding prior to the consummation of the transaction will be exchanged for 0.396 Amryt American Depositary Shares, each representing five Amryt ordinary shares. If you are a Chiasma shareholder, click here to learn more about your rights and options.

EQT Corporation (NYSE: EQT) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Alta Resources Development, LLC. Under the purchase agreement, EQT will acquire all of the membership interests in Alta's upstream and midstream subsidiaries for approximately $2.925 billion in cash and stock. EQT is expected to issue approximately 105 million shares of EQT common stock in connection with the merger. If you are an EQT shareholder, click here to learn more about your rights and options.

Weingarten Realty Investors (NYSE: WRI) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Kimco Realty Corporation. Under the terms of the merger, Weingarten shareholders will receive 1.408 newly issued shares of Kimco common stock and $2.89 in cash for each common share they own. Upon closing, Weingarten shareholders are expected to own approximately 29% of the combined company. If you are a Weingarten shareholder, click here to learn more about your rights and options.

Welbilt, Inc. (NYSE: WBT) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to The Middleby Corporation. Under the terms of the agreement, Welbilt shareholders will receive a fixed exchange ratio of 0.1240x shares of Middleby common stock for each share of Welbilt common stock. Upon closing, Welbilt shareholders will own approximately 24% of the combined company on a fully diluted basis. If you are a Welbilt shareholder, click here to learn more about your rights and options.

At Home Group Inc. (NYSE: HOME) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to funds affiliated with Hellman & Friedman for $36.00 per share in cash. If you are an At Home shareholder, click here to learn more about your rights and options.

Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

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SOURCE Halper Sadeh LLP

Toronto, Ontario–(Newsfile Corp. – June 21, 2021) – June 21, 2021 – Churchill Resources Inc. (formerly 9 Capital Corp.) ("Churchill") is pleased to announce that its common shares will commence trading at market open today on the TSX Venture Exchange (the "TSXV") under the ticker symbol "CRI".

Paul Sobie, President and Chief Executive Officer of Churchill remarked, "We're very pleased for our shareholders and stakeholders to have Churchill now listed on the TSXV, and look forward to working with our partners, local communities and First Nations going forward. We will be active on our now expanded Taylor Brook Ni-Cu-Co Project this summer and fall and anticipate generating fresh results to augment the known shallow high-grade nickel sulphide mineralization laterally and to greater depths."

The listing of the common shares of Churchill follows the completion of its Qualifying Transaction, as such term is defined under the policies of the TSXV, on June 16, 2021.

About Churchill Resources

Churchill is managed by career mining industry professionals which currently holds three exploration projects, namely Taylor Brook in Newfoundland (the "Taylor Brook Project"), 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 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. 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: the expected benefits to Churchill relating to the exploration proposed to be conducted on its properties; 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 general 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/88101

• ISS and Glass Lewis both state that the proposed arrangement is in the best interest of Fortuna and Roxgold shareholders

• The deadline to vote is prior to 9:00 a.m. Pacific time on June 24, 2021 for both Fortuna and Roxgold shareholders

VANCOUVER, British Columbia, June 18, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) and Roxgold Inc. (TSX: ROXG | OTCQX: ROGFF) are pleased to announce that Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”), two leading proxy advisory firms who provide independent voting recommendations to institutional investors, have recommended that both Fortuna and Roxgold shareholders vote “FOR” the companies´ respective resolutions in connection with the proposed business combination (the “Transaction”), between Fortuna and Roxgold announced on April 26, 2021 (for additional details, 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”). The Fortuna Meeting will be held online at 9:00 a.m. Pacific time on June 28, 2021, in a virtual-only format conducted by live audio webcast. The Roxgold Special Meeting will also be held online at 9:00 a.m. Pacific time on June 28, 2021, in a virtual-only format conducted by live audio webcast. Please see below for additional details for each meeting.

ISS and Glass Lewis recommend that Fortuna and Roxgold shareholders vote “FOR” the Share Issuance and Transaction, respectively

ISS concluded¹ in Fortuna´s report dated June 8, 2021:

“The Arrangement makes strategic sense as the deal should create a combined company which is well diversified by geography and will immediately have four mines in operation. Furthermore, the combined company will possess an extensive pipeline of projects in West Africa and the Americas and should be adequately supported by the strength of its combined balance sheet and free cash flow profile to continue developing and expanding such projects.”

ISS concluded¹ in Roxgold´s report dated June 8, 2021:

“It is expected the size and free cash flow profile of the combined entity will be superior to ROXG as a standalone entity, providing for a lower cost of capital, and that the market profile of the pro forma entity should garner greater interest from institutional investors over time as a result of its size and status as a dual listed entity on the TSX and NYSE.”

Glass Lewis stated¹ in its recommendation FOR the Transaction in Fortuna´s and Roxgold´s reports both dated June 18, 2021:

“… the merger brings together a highly complementary and diversified portfolio with organic growth potential with multiple brownfields and greenfields options across several jurisdictions.”

“… we believe the proposed combination is based on sound strategic rationale and the enlarged company offers shareholders of both companies improved long-term opportunities relative to their stand-alone opportunities.”

¹ Note: Permission to quote the reports was neither requested nor obtained

Board of directors’ recommendations

The Transaction has been unanimously approved by the boards of directors of each of Fortuna and Roxgold, following, in the case of Roxgold, the unanimous recommendation of a special committee of independent directors. Both boards of directors unanimously recommend that their respective shareholders vote FOR (i) the Share Issuance, in the case of the Fortuna Meeting and (ii) the Transaction, in the case of the Roxgold Special Meeting.

Fortuna Meeting of shareholders

Fortuna will hold its annual and special meeting of Fortuna shareholders (the “Fortuna Meeting”), on Monday, June 28, 2021 at 9:00 a.m. Pacific time at which shareholders will be asked to approve, in addition to annual meeting matters, the issuance of common shares of Fortuna in exchange for common shares of Roxgold pursuant to the Transaction (refer to The Letter to Shareholders and to Fortuna´s Notice of Meeting and Information Circular).

The Fortuna Meeting will be held in a virtual-only format via a live audio webcast which can be joined by clicking on https://web.lumiagm.com/208799817, password: fortuna2021 (case sensitive). Shareholders are advised that they will not be able to attend physically. Registered shareholders and duly appointed proxyholders can attend the meeting online, where they can participate, vote, and submit questions.

Fortuna shareholders that have any questions or require assistance with voting (refer to Form of Proxy) are encouraged to contact Fortuna´s proxy solicitation agent:

Laurel Hill Advisory Group
North America (toll free): +1.877.452.7184
North America (outside): +1.416.304.0211
Email: assistance@laurelhill.com

Roxgold Special Meeting of shareholders

Roxgold will hold its special meeting of shareholders (the “Roxgold Special Meeting”), on Monday, June 28, 2021 at 9:00 a.m. Pacific time to seek approval of the Transaction, the details of which are set forth in Roxgold’s management information circular dated May 26, 2021 (refer to Roxgold´s Special Meeting Information Circular).

The Roxgold Special Meeting will be held in a virtual-only format via live audio webcast which can be joined by clicking on https://web.lumiagm.com/205515857, password: roxgoldspecial2021 (case sensitive). Shareholders are advised that they will not be able to attend the Roxgold Special Meeting physically. At the Roxgold Special Meeting, registered shareholders and duly appointed proxyholders will be able to participate, ask questions and vote in “real time” through the online portal.

Roxgold shareholders that have any questions or require assistance with voting (refer to Form of Proxy) are encouraged to contact Roxgold´s proxy solicitation agent:

Kingsdale Advisors
North America (toll free): +1.888-518-1563
North America (outside, collect call): +1.416.867.2272
Email: contactus@kingsdaleadvisors.com

Fortuna and Roxgold shareholders deadline to vote

Fortuna and Roxgold shareholders are reminded that the deadline to vote is Thursday, June 24, 2021, before 9:00 a.m. Pacific time.

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 our 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 herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements.

The Forward-looking Statements in this news release may include, without limitation, statements about the structure of the transaction, the anticipated timing of the respective shareholders meetings and the combined company’s financial position, including expectations regarding liquidity, expected pro forma financial outlook and other similar statements. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “anticipated”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “anticipated”, “estimated” “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations. Any financial outlook and forward-looking information contained in this news release regarding prospective financial performance or financial position is based on reasonable assumptions about future events, including economic conditions and proposed courses of action based on the assessment by management of each of Fortuna and Roxgold of the relevant information that is currently available. Projected operational information contains forward-looking information and is based on a number of material assumptions and factors, as are set out above. These projections may also be considered to contain future-oriented financial information or a financial outlook.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the ability of Fortuna and Roxgold to control or predict and which may cause actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such risks, uncertainties and factors include, among others, the completion and timing of the Transaction, the ability of Fortuna and Roxgold to receive, in a timely manner, the necessary approvals to satisfy the conditions to closing of the Transaction; the ability to complete the Transaction on terms contemplated by Fortuna and Roxgold, or at all; the ability of the combined company to realize the anticipated benefits of, and synergies and savings from, the Transaction and the timing thereof and other factors referred to under the heading “Risk Factors” in each of Fortuna’s and Roxgold’s annual information form for the year ended December 31, 2020 located on SEDAR. Although Forward-looking Statements contained in this news release are based upon what each of Fortuna and Roxgold believe are reasonable assumptions at the time they were made, such statements are made as of the date hereof and 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.

NEW YORK, June 18, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Hochschild Mining PLC (LSE: HOC: OTCQX: HCHDF), an underground precious metals producer, has qualified to trade on the OTCQX® Best Market. Hochschild Mining PLC upgraded to OTCQX from the Pink® market.

Hochschild Mining PLC begins trading today on OTCQX under the symbol "HCHDF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Ignacio Bustamante, Chief Executive Officer, Hochschild Mining PLC said:

"We see trading on the OTCQX Market as a valuable opportunity and believe it will provide the company with a cost-effective way to access U.S. investors, who have shown a strong historical appetite for investing in non-U.S. stocks as well as the global mining sector. We expect Hochschild's focus on silver and gold and also on rare earths to be of particular interest to U.S. investors and we are optimistic that this interest will translate into increased U.S. ownership in our shares."

Berns & Berns acted as the company's OTCQX sponsor.

About Hochschild Mining PLC

Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange and cross-traded on the OTCQX Best Market in the U.S., with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

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

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SOURCE OTC Markets Group Inc.

Vancouver, British Columbia–(Newsfile Corp. – June 18, 2021) – Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") is pleased to announce that all resolutions set out in the Company's notice of meeting and information circular were passed by shareholders at the Company's Annual General Meeting held on June 17, 2021. A total of 80,209,430 common shares were represented at the meeting representing 35.94% of the Company's outstanding common shares.

At the meeting, shareholders approved the appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year. In addition, shareholders ratified the Company's 10% rolling stock option plan, and the Company's Shareholder Rights Plan. A copy of the Shareholder Rights Plan is available under the Company's profile on SEDAR at www.sedar.com. The Shareholder Right's Plan has been approved by the TSX Venture Exchange and requires ratification by shareholder resolution every three years.

At the meeting, shareholders also re-elected the following four directors: Thomas Patton, John Kerr, LeRoy Wilkes and Terry Eyton. Following the shareholder meeting, the board of directors appointed Travis Naugle as an additional director, and reappointed the following officers: Thomas Patton as Chairman, Travis Naugle as CEO, Stephen Goodman as President, Lei Wang as CFO and Lawrence Page, Q.C. as Corporate Secretary.

The Company also announces that it has granted 4,950,000 incentive stock options to directors, officers, employees and consultants pursuant to the Company's stock option plan. The options are exercisable at a price of $0.245 per share for a period of five years.

Drilling Update at MacArthur

On May 4, 2021 Quaterra began a 7,000 ft to 10,000 ft core drilling program at the MacArthur copper project (see News Release of May 7, 2021 for details). As of June 15, 2021 a total of 4,618 ft has been drilled with initial assay results from Skyline Assayers & Laboratories expected in July. The focus of the drill program is to provide additional data required to complete a prefeasibility study on the project including representative metallurgical samples.

About Quaterra Resources Inc.

Quaterra Resources Inc. is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is advancing its Yerington copper project in the historic Yerington Copper District, Nevada. It continues to investigate opportunities to acquire prospects in North America on reasonable terms and the partnerships with which to advance them.

On behalf of the Board of Directors,
Stephen Goodman
President

For more information please contact:

Karen Robertson
Corporate Communications
778-898-0057

Jay Oness
Investor Relations
604-808-9479

Email: info@quaterra.com
Website: www.quaterra.com

Some statements in this news release are forward-looking statements under applicable United States and Canadian laws. These statements are subject to risks and uncertainties which may cause results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not undertake to update any forward-looking statement that may be made from time to time except in accordance with applicable securities laws.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88004

Is Comstock Mining, Inc. (NYSE:LODE) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.

Comstock Mining, Inc. (NYSE:LODE) shares haven't seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 4 hedge funds' portfolios at the end of March. Our calculations also showed that LODE isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). At the end of this article we will also compare LODE to other stocks including Annovis Bio, Inc. (NYSE:ANVS), Spark Networks SE (NYSE:LOV), and Select Bancorp, Inc. (NASDAQ:SLCT) to get a better sense of its popularity.

If you'd ask most market participants, hedge funds are perceived as unimportant, outdated financial tools of years past. While there are more than 8000 funds trading today, Our experts look at the crème de la crème of this club, approximately 850 funds. These hedge fund managers direct the majority of the hedge fund industry's total asset base, and by watching their first-class investments, Insider Monkey has determined several investment strategies that have historically defeated Mr. Market. Insider Monkey's flagship short hedge fund strategy outperformed the S&P 500 short ETFs by around 20 percentage points per annum since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .

Donald Sussman of Paloma Partners

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund wants to buy this $27 biotech stock for $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 take a look at the latest hedge fund action surrounding Comstock Mining, Inc. (NYSE:LODE).

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

At first quarter's end, a total of 4 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards LODE over the last 23 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

Of the funds tracked by Insider Monkey, Ken Griffin's Citadel Investment Group has the number one call position in Comstock Mining, Inc. (NYSE:LODE), worth close to $1.7 million, comprising less than 0.1%% of its total 13F portfolio. On Citadel Investment Group's heels is Paloma Partners, led by Donald Sussman, holding a $0.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining professional money managers that hold long positions include Ken Griffin's Citadel Investment Group, John Overdeck and David Siegel's Two Sigma Advisors and Renaissance Technologies. In terms of the portfolio weights assigned to each position Paloma Partners allocated the biggest weight to Comstock Mining, Inc. (NYSE:LODE), around 0.01% of its 13F portfolio. Two Sigma Advisors is also relatively very bullish on the stock, dishing out 0.0006 percent of its 13F equity portfolio to LODE.

We view hedge fund activity in the stock unfavorable, but in this case there was only a single hedge fund selling its entire position: Millennium Management. One hedge fund selling its entire position doesn't always imply a bearish intent. Theoretically a hedge fund may decide to sell a promising position in order to invest the proceeds in a more promising idea. However, we don't think this is the case in this case because only one of the 800+ hedge funds tracked by Insider Monkey identified as a viable investment and initiated a position in the stock (that fund was Paloma Partners).

Let's check out hedge fund activity in other stocks similar to Comstock Mining, Inc. (NYSE:LODE). We will take a look at Annovis Bio, Inc. (NYSE:ANVS), Spark Networks SE (NYSE:LOV), Select Bancorp, Inc. (NASDAQ:SLCT), Five Star Senior Living Inc. (NYSE:FVE), American Resources Corporation (NASDAQ:AREC), The Bank of Princeton (NASDAQ:BPRN), and Trecora Resources (NYSE:TREC). All of these stocks' market caps resemble LODE's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position ANVS,6,10079,5 LOV,6,44401,-3 SLCT,5,11115,0 FVE,11,27833,0 AREC,3,1966,2 BPRN,2,13793,0 TREC,6,24483,0 Average,5.6,19096,0.6 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 5.6 hedge funds with bullish positions and the average amount invested in these stocks was $19 million. That figure was $1 million in LODE's case. Five Star Senior Living Inc. (NYSE:FVE) is the most popular stock in this table. On the other hand The Bank of Princeton (NASDAQ:BPRN) is the least popular one with only 2 bullish hedge fund positions. Comstock Mining, Inc. (NYSE:LODE) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for LODE is 40.1. 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 negative signal and 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 17.2% in 2021 through June 11th and surpassed the market again by 3.3 percentage points. Unfortunately LODE wasn't nearly as popular as these 5 stocks (hedge fund sentiment was quite bearish); LODE investors were disappointed as the stock returned -10.9% since the end of March (through 6/11) 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 most of these stocks already outperformed the market in 2021.

Get real-time email alerts: Follow Comstock Mining Inc. (NYSEMKT:LODE)

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

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What happened Several forces are coming together to reverse the surge in commodities and related stocks. Just so far this week, shares of these three stocks that rely on commodity prices are tumbling: Steelmaker Nucor (NYSE: NUE) is down 11%.

Vancouver, British Columbia–(Newsfile Corp. – June 17, 2021) – Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to announce that Michael Parker has been appointed a director of the company, effective immediately.

Michael Williams, the Executive Chairman of Aftermath said: "I'd like to welcome Michael to the Board of Directors of Aftermath Silver. Mike's appointment reflects our transition toward project development, and his deep experience and insight into community relations and project management in Peru will be an invaluable asset going forward. I look forward to working with Michael as we advance our engineering studies for Berenguela in Peru and Challacollo in Chile."

A geologist by training, Michael is fluent in English and Spanish. He has extensive experience in mining exploration and project development, having overseen projects from their discovery through construction to production – including 2 years as manager of the Lonshi open pit copper mine in the Democratic Republic of Congo (DRC).

In a twenty-year career with First Quantum Minerals (FQM), Mike held progressively senior Country Manager positions, and was instrumental in two major copper discoveries for FQM; the Lonshi and Frontier mines. In 2009, he was appointed Country Manager in the DRC for FQM, where he had administrative management responsibility for up to 3,000 staff, including a large expatriate contingent, with two operating copper mines and a mine construction project.

Between 2011 to 2017, he was appointed country manager for FQM in Peru, responsible for the design and implementation of FQM's corporate strategy in Latin America – eventually including Argentina and Chile. In Peru, he oversaw FQM's community relations programs and sustainability processes, ensuring that projects complemented community development in remote areas including preparations for resettlement programs. He was responsible for all government relations and communications throughout Latin America. He currently runs his own consultancy company, Mining Footprint Ltd, and is also a technical consultant to Chesterfield Resources PLC. His current areas of focus include effective ESG design and implementation.

Issuance of Incentive Options

The Company also announces that it has granted 700,000 incentive stock options to the new director and a consultant of the Company, at a price of $0.65 cents for a period of 5 years. The stock options are subject to regulatory approval and are granted under the Company's stock option plan.

About Aftermath Silver Ltd.

Aftermath Silver Ltd is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.

• Berenguela Silver-Copper project. The Company has an option to acquire a 100% interest through a binding agreement with SSR Mining. The project is located in the Department of Puno, in southern central Peru. An NI 43-101 Technical Report on the property is in progress. The company is planning to advance the project through a pre-feasibility study.

• Challacollo Silver-Gold project. The Company has an option to acquire 100% interest in the Challacollo silver-gold project through a binding agreement with Mandalay Resources, see Company news release dated June 27th, 2019. A NI 43-101 mineral resource was released on 2020.

• Cachinal Silver-Gold project. The Company owns a 100% interest in the Cachinal silver-gold project. Located 2.5 hours south of Antofagasta. On September 16, 2020 the company released a CIM compliant Mineral Resource and accompanying NI 43-101 Technical Report (available on SEDAR and on the Company's web page).

ON BEHALF OF THE BOARD OF DIRECTORS

"Ralph Rushton"

Ralph Rushton
CEO and Director
604-484-7855

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

Cautionary Note Regarding Forward-Looking Information

Certain of the statements and information in this news release constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to interpretation of exploration programs and drill results, predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking statements. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward‐looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include, but are not limited to, changes in commodities prices; changes in expected mineral production performance; unexpected increases in capital costs; exploitation and exploration results; continued availability of capital and financing; and general economic, market or business conditions. In addition, forward‐looking statements are subject to various risks, including but not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is incomplete or inaccurate. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors, accessible through Aftermath Silver's profile at www.sedar.com.

There is no certainty that any forward‐looking statement will come to pass and investors should not place undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to any of the forward‐looking statements in this release, except as required by law.

Cautionary Note to US Investors – Mineral Resources

This News Release has been prepared in accordance with the requirements of NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission, and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. Company's.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87848

TORONTO, June 17, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the "Company") is pleased to announce the filing of an independent technical report for the Platosa Mine in Durango, Mexico, which has been prepared in accordance with National Instrument 43-101 with an effective date of March 31, 2021. A copy of the technical report is available on both SEDAR at www.sedar.com and the Company's website at www.excellonresources.com.

About Excellon

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders. The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico's highest-grade silver mine since production commenced in 2005; Kilgore, a high quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company also aims to continue capitalizing on current market conditions by acquiring undervalued projects.

Additional details on Excellon's properties are available at www.excellonresources.com.

Forward-Looking Statements

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding mineral resources estimates, the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

Cautionary Note to U.S. Investors: The terms "mineral resource," "measured mineral resource," "indicated mineral resource" and "inferred mineral resource," as used on Excellon's website and in its press releases are Canadian mining terms that are defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). These Canadian terms are not defined terms under United States Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC by U.S. registered companies. The SEC permits U.S. companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Accordingly, note that information describing the Company's "mineral resources" is not directly comparable to information made public by U.S. companies subject to reporting requirements under U.S. securities laws. U.S. investors are urged to consider closely the disclosure in the Company's Form 40-F which may be secured from the Company, or online at http://www.sec.gov/edgar.shtml.

SOURCE Excellon Resources Inc.

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For Immediate Release

Chicago, IL – June 16, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Fresnillo plc FNLPF, Hecla Mining Company HL, Compañía de Minas Buenaventura S.A.A. BVN and Alexco Resource Corp. AXU.

Here are highlights from Tuesday’s Analyst Blog:

Silver to Gain on Supply/Demand Imbalance: 4 Stocks to Watch

Silver futures for July 2021 delivery closed at $28.04 an ounce on Jun 14, gaining 5% so far this year. Annual inflation rate in the United States advanced to 5% in May 2021 from 4.2% in April — above market expectation of 4.7%. Notably, this marked the highest level since August 2008, reflecting the ongoing economic recovery and low base effects due to the pandemic last year.

So far this year, silver prices have averaged around $26.60 per ounce. According to the Silver Institute, silver prices will average around $27.30 this year, registering an impressive 33% year-over-year increase. It anticipates silver prices to reach $32 later in the year. Notably, earlier in February, the white metal had peaked to $31 an ounce — crossing the $30 threshold for the first time since 2013.

Factors Likely to Drive the Silver Rally

Silver’s performance will primarily be driven by demand and supply imbalance. The white metal is benefiting from its safe haven demand, varied industrial use and growing focus on silver-consuming green energy applications. The Silver Institute projects silver demand to grow 15% this year. Major part of the increase will be driven by investment demand, which is expected to go up 26% to 252.8 million ounces (Moz) — the highest level since 2015.

Industrial demand is expected to log year-over-year growth of 8% and hit a record high of 524 Moz, courtesy of reopening of economies and investment in green energy solutions. Surging sales of electric vehicles will also support silver demand. Jewelry fabrication is forecast to increase 24% in 2021 to 184.4 Moz driven by an economic recovery.

Meanwhile, total silver supply is expected to be up 8% this year to 1,056.3 Moz. After being severely impacted by coronavirus-related mine closures last year, mine production is expected to bounce back in 2021 with a projected year-over-year growth of 8.2% to 848.5 Moz with the biggest comebacks from Mexico, Peru and Bolivia.

Mexico, particularly, is expected to log strong numbers as new projects, such as Cerro Los Gatos, Juanicipio and Capela, ramp-up production rates. Recycling activity is anticipated to be higher, owing to higher silver prices. Thus, it is apparent that silver is headed for a deficit this year, which will prop up prices.

The long-term outlook for silver remains solid. Given numerous industrial applications for silver, particularly those pertaining to “green” technologies, 5G will continue to support demand for silver in years to come.

Demand for silver in solar photovoltaic (PV) cells is surging as countries move toward adopting renewable energy sources. The Silver Institute estimates silver demanded from 5G to more than double to around 16Moz by 2025. By 2030, it will require around 23Moz — a 206% increase from current levels.

In the automobile industry, demand for silver will rise to 88 Moz in five years as the transition from traditional cars and trucks to EVs accelerates. Charging points and charging stations will also call for a massive amount of silver. Silver demand for “printed and flexible electronics” will grow 54% over the next nine years.

Overall, with more countries now focusing on lowering carbon emissions, they will need more silver for electric vehicles, charging stations and 5G, and cables connecting new wind turbines and solar farms to the grid.

In a year’s time, the Mining – Silver industry has rallied 59.4%, outperforming the S&P 500’s rally of 40.6%. The industry falls under the broader Basic Materials sector, which gained 54.8% in the same time frame.

4 Silver Stocks to Watch

Fresnillo: The Mexico-based company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas.

The company is investing in a number of projects to increase production and ensure steady growth in future years. Focus on improving operational performance and enhancing efficiency is expected to result in lower costs. Its high quality assets, ample mineral resources, competitive margins and disciplined approach to development will continue to drive growth.

The Zacks Consensus Estimate for the company’s current-year earnings indicates year-over-year growth of 87.5%. The estimates have also moved up 3.7% in 90 days’ time. The company’s shares have gained 27.9% in the past year. It currently carries a Zacks Rank #3 (Hold).

Hecla Mining Company: This Coeur d'Alene, ID-based company, together with its subsidiaries discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally.

The company has a diverse asset portfolio in mining friendly jurisdictions. It boasts two of the largest silver mines in the world and two highest-grade large silver mines. It is pursuing acquisition opportunities to complement its existing portfolio.

The company currently produces about one-third of the silver mined in the United States. This is expected to grow as Lucky Friday Mine in Idaho ramps up. The mine’s production is expected to double again in 2021 and 60% more within four years. The company is also one of the lowest-cost U.S. silver producers.

The Zacks Consensus Estimate for earnings for fiscal 2021 indicates year-over-year improvement of 375%. The estimate has been revised upward by 1.4% over the past 90 days. Shares of the company have soared 186.6% over the past year. The company currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Buenaventura Mining Company: Based in Lima, Peru, the company engages in exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. It currently operates several mines in Peru — Orcopampa, Uchucchacua, Julcani, El Brocal, La Zanja and Coimolache, and is developing the Tambomayo project.

The company is well-poised for growth, backed by its solid capital structure with ample liquidity and a portfolio of base and precious metals. The company has embarked on a debottlenecking program to reduce costs at its direct operation mines.

The program has driven impressive results in Tambomayo, where the company simplified the metallurgical process and optimized mine preparation. In Uchucchacua, it has improved efficiency in the underground mine. At El Brocal, it has increased production driven by operational improvements. Overall, the program has resulted in significant cost savings in each of its mines.

The Zacks Consensus Estimate for the company’s current-year earnings indicates year-over-year growth of 244%. The estimates have gone up 1.4% over the past 90 days. The company’s shares have appreciated 21.4% in the past year. It currently carries a Zacks Rank #3.

Alexco Resource Corp: Headquartered in Vancouver, Canada, Alexco Resource operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory — one of the highest-grade silver deposits in the world. The company is currently advancing Keno Hill to production and started concentrating production and shipments in the first quarter of 2021.

Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates at an average all-in sustaining cost of $11.59 per ounce. Keno Hill has significant potential to grow and Alexco Resource has a long history of expanding the operation's mineral resources through successful exploration.

The Zacks Consensus Estimate for the company’s fiscal 2021 earnings suggests year-over-year improvement of 220%. The estimate has been revised upward by 33% over the past 90 days. Its shares have appreciated 35.3% in a year’s time. The stock has a Zacks Rank #3.

Zacks Names “Single Best Pick to Double”

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You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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A look at the shareholders of Chesapeake Gold Corp. (CVE:CKG) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

Chesapeake Gold is a smaller company with a market capitalization of CA$288m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are not really that prevalent on the share registry. Let's delve deeper into each type of owner, to discover more about Chesapeake Gold.

See our latest analysis for Chesapeake Gold

What Does The Institutional Ownership Tell Us About Chesapeake Gold?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

Since institutions own only a small portion of Chesapeake Gold, many may not have spent much time considering the stock. But it's clear that some have; and they liked it enough to buy in. So if the company itself can improve over time, we may well see more institutional buyers in the future. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most.

Our data indicates that hedge funds own 7.1% of Chesapeake Gold. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Our data shows that Eric Sprott is the largest shareholder with 13% of shares outstanding. Alan Pangbourne is the second largest shareholder owning 11% of common stock, and Sun Valley Gold LLC holds about 7.1% of the company stock. Alan Pangbourne, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer.

A deeper look at our ownership data shows that the top 19 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. As far I can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of Chesapeake Gold

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our most recent data indicates that insiders own a reasonable proportion of Chesapeake Gold Corp.. It has a market capitalization of just CA$288m, and insiders have CA$101m worth of shares in their own names. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

General Public Ownership

The general public — including retail investors — own 52% of Chesapeake Gold. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Private Company Ownership

Our data indicates that Private Companies hold 3.9%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Chesapeake Gold better, we need to consider many other factors. Be aware that Chesapeake Gold is showing 1 warning sign in our investment analysis , you should know about…

Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.

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

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.

Vancouver, British Columbia–(Newsfile Corp. – June 16, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) (Santiago: SSVCL) ("Southern Silver" or the "Company") announces the completion of its previously announced bought deal private placement, whereby the Company issued a total of 18,000,000 units of the Company (the "Units") at a price of C$0.50 per Unit (the "Unit Price") for gross proceeds of C$9,000,000 (the "Bought Deal Private Placement"). Due to significant investor demand, the size of the Bought Deal Private Placement was upsized from C$7,000,000. Red Cloud Securities Inc. (the "Underwriter") acted as sole underwriter and bookrunner under the Bought Deal Private Placement.

Furthermore, the Company expects to close the non-brokered private placement shortly, consisting of 6,000,000 Units at the Unit Price for additional gross proceeds of C$3,000,000 (the "Non-Brokered Private Placement", and collectively with the Bought Deal Private Placement, the "Offerings"), for aggregate gross proceeds from the Offerings of C$12,000,000.

Each Unit is comprised of one common share in the capital of the Company (each a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company (each, a "Warrant Share") at a price of C$0.75 at any time on or before June 16, 2023.

The net proceeds from the Offerings will be used for exploration and advancement of the Company's Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico and for general working capital purposes. As part of the Bought Deal Private Placement, the Company paid total cash commissions to the Underwriter of C$540,000 and issued to the Underwriter 1,080,000 warrants of the Company, with each warrant exercisable into one Unit at a price of C$0.50 at any time on or before June 16, 2023. The Company also paid a cash advisory fee to Fort Capital Partners of $180,000 and issued to Fort Capital Partners 360,000 warrants of the Company, with each warrant exercisable into one common share of the Company at a price of C$0.50 at any time on or before June 16, 2023. All securities issued in connection with the Bought Deal Private Placement carry a legend restricting trading of the securities until October 17, 2021. The Bought Deal Private Placement is subject to TSX Venture Exchange acceptance.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor was there any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Southern Silver Exploration Corp.

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

On behalf of the Board of Directors

"Lawrence Page"
Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87777

The simplest way to invest in stocks is to buy exchange traded funds. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). To wit, the McEwen Mining Inc. (NYSE:MUX) share price is 76% higher than it was a year ago, much better than the market return of around 40% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! On the other hand, longer term shareholders have had a tougher run, with the stock falling 25% in three years.

See our latest analysis for McEwen Mining

Given that McEwen Mining didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.

McEwen Mining actually shrunk its revenue over the last year, with a reduction of 27%. Despite the lack of revenue growth, the stock has returned a solid 76% the last twelve months. We can correlate the share price rise with revenue or profit growth, but it seems the market had previously expected weaker results, and sentiment around the stock is improving.

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

We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. So it makes a lot of sense to check out what analysts think McEwen Mining will earn in the future (free profit forecasts).

A Different Perspective

It's nice to see that McEwen Mining shareholders have received a total shareholder return of 76% over the last year. That certainly beats the loss of about 9% per year over the last half decade. This makes us a little wary, but the business might have turned around its fortunes. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for McEwen Mining (1 shouldn't be ignored!) that you should be aware of before investing here.

Of course McEwen Mining 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 US 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.