VANCOUVER, British Columbia, Aug. 02, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces that it will release its unaudited financial statements and MD&A for the second quarter 2021 on Wednesday, August 11, 2021 after the market closes.

A conference call to discuss the financial and operational results will be held on Thursday, August 12, 2021 at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, and Luis D. Ganoza, Chief Financial Officer.

Shareholders, analysts, media and interested investors are invited to listen to the live conference call by logging onto the webcast at: https://www.webcaster4.com/Webcast/Page/1696/42323 or over the phone by dialing in just prior to the starting time.

Conference call details:

Date: Thursday, August 12, 2021
Time: 9:00 a.m. Pacific time | 12:00 p.m. Eastern time

Dial in number (Toll Free): +1. 888.506.0062
Dial in number (International): +1.973.528.0011
Entry code: 215628

Replay number (Toll Free): +1.877.481.4010
Replay number (International): +1.919.882.2331
Replay Passcode: 42323

Playback of the earnings call will be available until Thursday, August 26, 2021. Playback of the webcast will be available until Friday, August 12, 2022. In addition, a transcript of the call will be archived on the Company’s website at https://fortunasilver.com/investors/financial-reports/.

About Fortuna Silver Mines Inc.

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

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | info@fortunasilver.com

The Zacks Mining – Silver industry had been impacted by weak silver demand as the COVID-19 pandemic crippled the industrial sector last year. Although industrial activity had been recovering this year, which led to higher silver prices, the spread of the highly contagious Delta variant put a rein on this rally. This has triggered concerns that the global economic recovery could be derailed, which is weighing on silver prices.

Silver miners including Pan American Silver PAAS, Buenaventura Mining Company Inc. BVN and MAG Silver Corp. MAG have been relying on cost management and efforts to increase efficiency.
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Zacks Investment Research

It is hard to get excited after looking at Abcourt Mines' (CVE:ABI) recent performance, when its stock has declined 3.6% over the past month. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on Abcourt Mines' ROE.

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

View our latest analysis for Abcourt Mines

How Do You Calculate Return On Equity?

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 Abcourt Mines is:

6.8% = CA$2.3m ÷ CA$34m (Based on the trailing twelve months to March 2021).

The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.07 in profit.

What Has ROE Got To Do With Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

Abcourt Mines' Earnings Growth And 6.8% ROE

On the face of it, Abcourt Mines' ROE is not much to talk about. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 16% either. Abcourt Mines was still able to see a decent net income growth of 7.5% over the past five years. We reckon that there could be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.

As a next step, we compared Abcourt Mines' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 29% 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. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Abcourt Mines is trading on a high P/E or a low P/E, relative to its industry.

Is Abcourt Mines Efficiently Re-investing Its Profits?

Summary

Overall, we feel that Abcourt Mines certainly does have some positive factors to consider. That is, a decent growth in earnings backed by a high rate of reinvestment. However, we do feel that that earnings growth could have been higher if the business were to improve on the low ROE rate. Especially given how the company is reinvesting a huge chunk of its profits. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard will have the 1 risk we have identified for Abcourt Mines.

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.

It's been a good week for Dundee Precious Metals Inc. (TSE:DPM) shareholders, because the company has just released its latest second-quarter results, and the shares gained 5.0% to CA$7.55. It was a workmanlike result, with revenues of US$175m coming in 3.1% ahead of expectations, and statutory earnings per share of US$1.08, in line with analyst appraisals. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

View our latest analysis for Dundee Precious Metals

Taking into account the latest results, the consensus forecast from Dundee Precious Metals' five analysts is for revenues of US$694.9m in 2021, which would reflect a meaningful 13% improvement in sales compared to the last 12 months. Statutory earnings per share are forecast to fall 17% to US$0.89 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$686.0m and earnings per share (EPS) of US$1.14 in 2021. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates.

It might be a surprise to learn that the consensus price target was broadly unchanged at CA$12.80, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Dundee Precious Metals at CA$14.41 per share, while the most bearish prices it at CA$11.17. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Dundee Precious Metals' growth to accelerate, with the forecast 27% annualised growth to the end of 2021 ranking favourably alongside historical growth of 18% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.1% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Dundee Precious Metals is expected to grow much faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Dundee Precious Metals. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates – from multiple Dundee Precious Metals analysts – going out to 2023, and you can see them free on our platform here.

You still need to take note of risks, for example – Dundee Precious Metals has 3 warning signs we think you should be aware of.

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.

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But in contrast you can make much more than 100% if the company does well. For example, the Endeavour Silver Corp. (TSE:EDR) share price has soared 103% in the last three years. How nice for those who held the stock! And in the last week the share price has popped 6.9%.

See our latest analysis for Endeavour Silver

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Endeavour Silver became profitable within the last three years. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

We know that Endeavour Silver has improved its bottom line over the last three years, but what does the future have in store? If you are thinking of buying or selling Endeavour Silver stock, you should check out this FREE detailed report on its balance sheet.

A Different Perspective

Endeavour Silver shareholders gained a total return of 20% during the year. But that was short of the market average. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 0.5% endured over half a decade. It could well be that the business is stabilizing. 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. To that end, you should be aware of the 4 warning signs we've spotted with Endeavour Silver .

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

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

CDE earnings call for the period ending June 30, 2021.

Sydney, Australia–(Newsfile Corp. – July 30, 2021) – Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") is pleased to announce that it has filed its Q2 2021 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com.au, www.sedar.com and on the Company's website at www.australgold.com.

Chief Executive Officer, Stabro Kasaneva commented, "We have seen consistent monthly improvements at the Guanaco-Amancaya mine complex and expect production to gradually increase to achieve our annual guidance of 45,000-50,000 gold equivalent ounces. Our focus in 2021 is to extend the mine life at this operation. During the second quarter, we discovered two new veins at Amancaya as previously disclosed on 19 May 2021 and have extended the Central Vein at depth. We also continue to target high sulfidation gold and silver Tier 1 deposits in the Paleocene Belt in Chile consistent with our exploration strategy disclosed in our FY 2020 annual report. We currently have four exploration HS projects in the belt; Sierra Inesperada, Cerro Buenos Aires, and now an option agreement on Morros Blancos (adjacent to Amancaya) and Cerro Blanco. Additionally, we are drill testing Sierra Inesperada and plan to start drilling at Cerro Buenos Aires in September 2021."

Key quarterly highlights are as follows:

• Q2 2021 production gradually improving after completion of outsourcing to new UG mine contractor at Amancaya. A total of 8,351 gold equivalent ounces ("GEOs") (7,966 gold ounces and 26,332 silver ounces) were produced during the quarter, a 78% increase from Q1 2021.

• Cost of production ("C1") per GEO reduction to US$1,115 in Q2 2021, a 29% decrease from US$1,574 in Q1 2021 while all-in-sustaining cost ("AISC") was US$1,647 in Q2 2021, a 38% decrease from US$2,659 in Q1 2021. The quarterly average GEO selling price was US$1,830/oz.

• As previously announced in the Company's March 2021 quarterly activity report, the Company expects production to increase during the second half of the year and meet its 45,000-50,000 GEOs guidance provided for 2021. Consequently, we forecast average annual 2021 C1 and AISC per GEO to decrease to a range of US$850-US$950 and US$1,050- US$1,150 per GEO, respectively.

• Operating cash flow before changes in working capital was positive at US$3.3 million during Q2 2021 following the sale of 6,856 GEOs for proceeds of US$12.5 million. Cash at the end of the quarter was US$1.8 million and combined with the fair value of unsold ~2,000 gold ounces in inventory totaled US$5.4 million.

• Continued focusing on exploration and organic growth at its flagship Guanaco/Amancaya mine complex and discovered two new veins. Highlights from reported assays reported in our 19 May 2021 media release include:

  • DAM-024 2.41 meters @ 10.19 g/t gold and 55.2 g/t silver

  • DAM-026 1.17 meters @ 24.98 g/t gold and 77.3 g/t silver

  • DAM-019 4.27 meters @ 7.81 g/t gold and 33.0 g/t silver

  • DAM-016 1.8 meters @ 3.1 g/t gold and 1.5 g/t silver

• The work commitment program at Sierra Blanca project in Santa Cruz, Argentina, continued in accordance with the Option Agreement executed with New Dimension Resources on 13 October 2020.

• All resolutions were passed at the Company's 27 April 2021 Annual General Meeting.

• Executed an Option agreement with Pampa Metals where Austral may acquire up to an 80% interest in the Cerro Blanco and Morros Blancos properties (Chile) held by Pampa Metals. Further details are provided in the Company's 28 July 2021 announcement.

• At the end of Q2 2021, Austral participated in a cash call by Rawhide Acquisition Holding LLC ("Rawhide") and invested US$1 million. Austral's equity interest in Rawhide is now 23.25%.

• Ensign Gold ("Ensign") executed an option agreement with Barrick Gold for US$0.8 million (CDN$1.0 million) paid on signing, US$4.8 million (C$6 million) in exploration work commitments over a two-year period and a final cash payment of US$16 million (C$20 million) if Ensign exercises the option to acquire Barrick's 2,869 acre of mostly private ground. Barrick retained royalties over the properties under the agreement and was granted 3 million warrants at C$0.25 per share. The transaction would allow Ensign to fully consolidate the Mercur project. During July 2021, Ensign raised gross proceeds of US$7.4 million (C$9.16 million) through the issuance of equity. As a result of the financing, Austral's ownership in Ensign was diluted from 19.9% to 12.3%. The shares in the financing were issued at C$0.50/share, a 100% increase from the Austral investment of C$0.25/share.

About Austral Gold

Austral Gold Limited is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the USA and Argentina. Austral owns a 100% interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA. In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the recent acquisition of Revelo Resources Corp), a non-controlling interest in Pampa Metals and a 100% interest in the Pingüino project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral's website at www.australgold.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.

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
jose.bordogna@australgold.com
+54 (11) 4323 7558

David Hwang
Company Secretary
Austral Gold Limited
info@australgold.com
+61 (2) 9698 5414

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91662

TORONTO, July 29, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) and (FRA: E4X2) ("Excellon" or the "Company") is pleased to report financial results for Q2 and H1 2021.

Q2 2021 Financial and Operational Highlights (compared to Q2 2020)

• Revenues increased to $9.7 million (Q2 2020 – $0.7 million) and in line with Q1 2021

• Gross profit improved to $2.1 million (Q2 2020 – loss of $2.6 million) and increased by 16% compared to Q1 2021

• Total cash cost net of byproducts per silver ounce payable decreased to $11.96 (Q2 2020 – $51.14) and decreased by 11% from Q1 2021

• All-in sustaining cost ("AISC") per silver ounce payable decreased to $26.69 (Q2 2020 – $105.49) and increased by 10% from Q1 2021

• Production cost per tonne decreased to $273 per tonne (Q2 2020 – $2,498 per tonne) and decreased by 8% from Q1 2021

• Fourth consecutive quarter of over 21,000 tonnes mined and milled, with record tonnes mined (86,316) and milled (88,648) over trailing twelve months, with sizeable stockpiles of ore and concentrate at quarter-end that were processed and/or delivered in early July

• Exploration expenditures increased 597% to $1.8 million (Q2 2020 – $258,000) and increased 80% from Q1 2021 as drilling continued to ramp-up, including:

• Cash and marketable securities of $7.1 million at June 30, 2021 (December 31, 2020 – $10.7 million)

"We realized another good quarter at Platosa, with financial results partially impacted by delayed processing and delivery of ore and concentrate at the quarter-end by weather conditions," stated Brendan Cahill, President and CEO. "The operation delivered good improvements in cost-per-tonne and cash costs, while AISC was higher in the quarter due to sustaining capital expenditures, a part of which had been deferred from earlier periods. Most importantly, we continued to ramp-up exploration on our projects, with Platosa ongoing and Silver City and Oakley getting started. We look forward to drilling results from our resource growth and discovery-focused projects through the remainder of the year."

Financial Results

Financial results for Q2 and H1 2021 and 2020 were as follows:

Revenues increased by $9.0 million during Q2 2021 and $13.3 million in H1 2021 relative to the comparative periods due to the Suspension and resulting negligible revenues in Q2 2020, and also due to ongoing strong metal prices and operational performance in Q2 and H1 2021. Revenues of $9.7 million in Q2 2021 were consistent with Q1 2021 revenues ($9.8 million) as payable metal sold and average realized prices were stable over H1 2021.

Cost of sales increased by $4.3 million during Q2 2021 and $5.5 million for H1 2021 relative to the comparative periods, primarily due to the Suspension. Production costs in Q2 2021 were $0.4 million lower than Q1 2021, partly reflecting $0.6 million in incremental energy costs incurred in Q1 2021 relating to the polar vortex and resulting significant increases in electricity costs in February 2021. The increase in depletion and amortization was driven primarily by increased production following the Suspension in Q2 2020.

Administrative expense increased by $0.5 million in H1 2021 compared to H1 2020, primarily driven by higher insurance expense relating to the Company's NYSE American listing. Administrative expenses in Q2 2021 decreased $0.7 million relative to Q2 2020, including a decrease of $0.8 million in share-based payment expense as annual compensation grants were made in Q1 2021 (and in Q2 in 2020).

The $1.5 million increase in exploration expenditures in Q2 2021 primarily reflects increased drilling at Platosa ($0.8 million), permitting activity at the Kilgore Project ($0.2 million) and permitting and drilling at Silver City ($0.5 million). Exploration programs were limited by the initial outbreak of COVID-19 globally in 2020 resulting in lower expenditures in the comparative periods.

Net finance expense in Q2 2021 consists primarily of $1.0 million of interest expense, of which $0.6 million relates to the accretion of the face value of the convertible debentures issued in Q3 2020 and $0.4 million represents the coupon interest payment on such convertible debentures at a 10% rate, paid in common shares at the Company's election. The Company elected to issue shares valued at $0.7 million to settle the coupon interest expense for H1 2021.

Net loss decreased by $0.9 million in Q2 2021 and by $4.3 million in H1 2021 relative to the comparative periods, mainly driven by improved gross profit, partly offset by higher exploration, finance and other expenses in H1 2021 as discussed above.

Total cash cost per silver ounce payable decreased by 77% and 41% for Q2 2021 and H1 2021, respectively, relative to the comparative periods, primarily driven by the increase in silver ounces payable in 2021 compared to negligible production in Q2 2020 due to the Suspension. Total cash cost per silver ounce payable decreased by 11% from Q1 2021 ($13.43) driven by a 4% decrease in cost of sales and a 14% increase in by-product credits, partly offset by a 10% decrease in silver ounces payable due to lower silver grades and recoveries in Q2 2021.

AISC per silver ounce payable decreased by 75% and 41% for Q2 and H1 2021 relative to the respective comparative periods in 2020, primarily driven by the increase in silver ounces payable in 2021 following the negligible production in Q2 2020 due to the Suspension. AISC per silver ounce payable increased by 10% from Q1 2021 ($24.34) driven primarily by a 10% decrease in silver ounces payable due to lower silver grades and recoveries in Q2 2021. Offsetting the Q1 2021 volume variance was a 20% or $0.8 million decrease in total cash costs net of by-product credits, as discussed above, and a $0.4 million decrease in share-based payment costs (as annual grants were made in Q1 2021), offset by an increase of $1.3 million or 124% in sustaining capital expenditures in Q2 2021, which had been partially deferred from earlier periods.

All financial information is prepared in accordance with IFRS, and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this press release should be read in conjunction with the Company's unaudited condensed consolidated financial statements for the three- and six-month periods ended June 30, 2021 and 2020, and associated management discussion and analysis ("MD&A") which are available from the Company's website at www.excellonresources.com and under the Company's profile on SEDAR at www.sedar.com and EDGAR at www.sec.com/edgar.

The discussion of financial results in this press release includes references to "cash flow from operations before changes in working capital items", "production cost per tonne", "cash cost per silver ounce payable", and "AISC per silver ounce payable", which are non-IFRS performance measures. The Company presents these measures to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three- and six-month periods ended June 30, 2021 and 2020, for a reconciliation of these measures to reported IFRS results.

Operating Results & Outlook

Operating performance was as follows, for the periods indicated below:

Strong and consistent production continued in Q2 2021 with continued focus on improving maintenance practices at both sites and enhancing the geological and engineering teams at Platosa. Head grades were lower in Q2 2021 compared to Q2 2020 due to higher mining dilution in narrower sections of the ore body. The Miguel Auza plant continues to focus on improving metal recoveries. Zinc recoveries improved relative to Q1 2021 following plant upgrades in the zinc flotation circuit. More generally, metal recoveries were impacted by weather conditions, power outages and metallurgical variances. The combination of mill maintenance in early June and weather conditions in late June resulted in sizeable stockpiles of ore (1,634 tonnes) and concentrate (154 tonnes of lead and 134 tonnes of zinc) at quarter-end, which were processed and/or delivered in early July.

COVID-19 Update

Excellon continues to maintain measures to prevent COVID-19 among the workforce and local communities and to monitor the effectiveness of these measures in mitigating any potential impact on business activities. The Company's actions have been successful to date and the pandemic has not had any material impact on production or shipment of concentrate.

Miguel Auza Litigation Update

Further to the press release of July 2, 2021 providing a litigation update on San Pedro Resources SA de CV ("San Pedro," a subsidiary of the Company), the formal written decision has still not been released or made available for review by the Company's legal counsel. The Company continues to operate in the ordinary course and continues to evaluate various alternatives regarding this matter.

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 advanced exploration gold 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 the impact of the COVID-19 pandemic on the Company's operations and results, the outcome and impact of the legal action in Mexico (including the dismissal of the appeal by the federal courts of Mexico on July 1, 2021) in respect of the La Antigua mineral concession that is part of the Evolución Property in Zacatecas, 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, the potential of the Company's properties, 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, the ability of the Company to maintain normal operations during the COVID-19 pandemic, the outcome and impact of the legal action in Mexico (including the dismissal of the appeal by the federal courts of Mexico on July 1, 2021) in respect of the La Antigua mineral concession that is part of the Evolución Property in Zacatecas, 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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/29/c6184.html

Fortuna Silver Mines (TSE:FVI) has had a rough three months with its share price down 20%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Particularly, we will be paying attention to Fortuna Silver Mines' ROE today.

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.

View our latest analysis for Fortuna Silver Mines

How To Calculate Return On Equity?

ROE can be calculated by using the formula:

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

So, based on the above formula, the ROE for Fortuna Silver Mines is:

7.0% = US$52m ÷ US$753m (Based on the trailing twelve months to March 2021).

The 'return' is the yearly profit. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.07 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.

A Side By Side comparison of Fortuna Silver Mines' Earnings Growth And 7.0% ROE

When you first look at it, Fortuna Silver Mines' ROE doesn't look that attractive. Next, when compared to the average industry ROE of 16%, the company's ROE leaves us feeling even less enthusiastic. Although, we can see that Fortuna Silver Mines saw a modest net income growth of 9.1% over the past five years. So, the growth in the company's earnings could probably have been caused by other variables. Such as – high earnings retention or an efficient management in place.

As a next step, we compared Fortuna Silver Mines' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 29% 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. Doing so will help them establish if the stock's future looks promising or ominous. Is FVI fairly valued? This infographic on the company's intrinsic value has everything you need to know.

Is Fortuna Silver Mines Using Its Retained Earnings Effectively?

Conclusion

Overall, we feel that Fortuna Silver Mines certainly does have some positive factors to consider. Namely, its respectable earnings growth, which it achieved due to it retaining most of its profits. However, given the low ROE, investors may not be benefitting from all that reinvestment after all. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

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.

Wall Street expects a year-over-year increase in earnings on higher revenues when Silvercorp (SVM) reports results for the quarter ended June 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 5, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This mineral miner is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +60%.

Revenues are expected to be $54.9 million, up 17.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Silvercorp?

For Silvercorp, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -8.70%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Silvercorp will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Silvercorp would post earnings of $0.04 per share when it actually produced earnings of $0.04, delivering no surprise.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Silvercorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. And in light of that, the trends we're seeing at Dundee Precious Metals' (TSE:DPM) look very promising so lets take a look.

What is Return On Capital Employed (ROCE)?

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Dundee Precious Metals, this is the formula:

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

0.25 = US$211m ÷ (US$971m – US$113m) (Based on the trailing twelve months to March 2021).

Therefore, Dundee Precious Metals has an ROCE of 25%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 0.04%.

Check out our latest analysis for Dundee Precious Metals

In the above chart we have measured Dundee Precious Metals' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Dundee Precious Metals here for free.

The Trend Of ROCE

Dundee Precious Metals' ROCE growth is quite impressive. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 1,493% over the last five years. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.

Our Take On Dundee Precious Metals' ROCE

To bring it all together, Dundee Precious Metals has done well to increase the returns it's generating from its capital employed. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 94% return over the last five years. In light of that, we think it's worth looking further into this stock because if Dundee Precious Metals can keep these trends up, it could have a bright future ahead.

On a separate note, we've found 3 warning signs for Dundee Precious Metals you'll probably want to know about.

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

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.

The market expects Great Panther Silver (GPL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This silver mining company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of -150%.

Revenues are expected to be $46.1 million, down 31.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Great Panther?

For Great Panther, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that Great Panther will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Great Panther would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Great Panther doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Great Panther Mining Limited (GPL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

TORONTO, July 29, 2021 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX: DPM) (“DPM” of “the Company”) today announced that its Board of Directors has declared a second quarter dividend of US$0.03 per common share.

The dividend is payable on October 15, 2021 to shareholders of record as at 5:00 p.m. Toronto local time on September 30, 2021 and qualifies as an “eligible dividend” for Canadian income tax purposes.

Shareholders may elect to receive their dividend in US or Canadian dollars by contacting their broker or, where applicable, Computershare Investor Services Inc., the Company’s registrar and transfer agent. If no election is made, residents of Canada will be paid in Canadian dollars and non-residents of Canada will be paid U.S. dollars. Dividends to be paid in Canadian dollars will be converted to Canadian dollars using the spot exchange rate on October 7, 2021.

Dividends paid to shareholders that are non-residents of Canada are generally subject to withholding tax unless reduced in accordance with the provisions of an applicable tax treaty.

About Dundee Precious Metals

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Serbia and Ecuador. The Company’s purpose is to unlock resources and generate value to thrive and growth together. This overall purpose is supported by a foundation of core values, which guides how the Company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).

For further information please contact:

David Rae
President and Chief Executive Officer
Tel: (416) 365-5092
drae@dundeeprecious.com

Hume Kyle
Executive Vice President and Chief Financial Officer
Tel: (416) 365-5091
hkyle@dundeeprecious.com

Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177
jcameron@dundeeprecious.com

VANCOUVER, BC / ACCESSWIRE / July 29, 2021 / CMC Metals Ltd. (TSX-V:CMB), (Frankfurt:ZM5N), (OTC PINK:CMCZF); (the "Company") announces an update of exploration at its flagship Silver Hart Project in Yukon.

Kevin Brewer, P.Geo. President and CEO notes, "The SkyTEM airborne geophysical survey identified several attractive drill targets new areas for us at Silver Hart and Blue Heaven in areas that prior to this field season had never been explored. Subsequently, we have completed geochemical surveys, mapping and prospecting over these areas to help further delineate the potential of these zones, all of which we eventually plan to drill. It has been a challenging start for many explorationists in Yukon due to very high snowfall levels this past winter, but fortunately we still expect to complete Phase 1 of the drill program. For the first time CMC is investigating the potential for higher tonnage carbonate replacement deposits that have been speculated to exist in the Silver Hart area, but never pursued with systematic exploration efforts. Our geophysical investigations, combined with our modelling efforts, geochemical, and geological data has served to identify several areas with the potential to host CRD style mineralization. Such a discovery would add significant resources to this project. Our drilling efforts this season will begin to test CRD style targets as well as explore extensions of the Main Zone at depth and along strike. We remain confident that this program will result in a significantly increased understanding of the true potential of this project and increase our known high-grade silver-lead-zinc +/- copper +/- gold resources at Silver Hart and Blue Heaven."

To date the exploration program has:

• Completed a geochemical soil sampling program that has collected approximately 1,084 soils over six of the anomalies identified by the SkyTem airborne geophysical survey. The closely spaced soil survey (see attached figure) was designed to detect silver-lead-zinc vein structures and potential carbonate replacement deposit (CRD) style mineralization.

• Geological mapping, prospecting, and rock sampling (176 rocks) over all exploration targets which has served to locate new strata-bound mineral occurrences in favorable limestone and diopside skarn horizons. Carbonate beds are overlain by quartz muscovite schist providing a cap for potential CRD mineralization. All targets are confirmed to be in close proximity to the underlying Cassiar Batholith (the "heat source). The detailed mapping will assist in planning future drill targets.

• Completion of excavator trenching which has exposed the uppermost carbonate beds in several locations which are overlain by siliceous schist. Within the trenches, mineralization has been observed and has been noted to consist of disseminated to semi-massive sphalerite (zinc sulfide), galena (lead sulfide) and pyrrhotite present within diopside skarn, limestone and quartz veins found along the contact.

• SkyTem targets T4, T5 and T6 lie along strike of each other and are situated on the uppermost calcareous unit in the local stratigraphy. T5 is directly along strike of the high-grade silver-lead-zinc veins in the Main Zone, produced the strongest electromagnetic anomaly on the property, and therefore presents an attractive exploration target.

• Vein fault structures have also been encountered on trend with several of the airborne anomalies. These structures historically have proven to be important components of the defined high grade silver-lead-zinc +/-copper +/- gold mineralization within the Main zone.

Figure 1: Highlighting the key target areas.

In addition, CMC is seeking partners for both its Rancheria South project in British Columbia and its Bridal Veil Project in Newfoundland. The Rancheria South Project consist of three property areas that we have previously noted to have known high grade silver-lead-zinc showings. Bridal Veil is known to host high grade copper-lead-silver +/- gold mineralization in veins and a unexplained geophysical anomaly. Only a small portion of the property to date has been explored. In both projects a partner is being sought so that required exploration efforts can be initiated in the foreseeable future.

John Bossio, Chairman noted, "The significance of the major gold discovery by Newfound Gold and the current exploration rush in the central Newfoundland area has made us realize that we should elevate our attention on Bridal Veil. Bridal Vein is in the Gander zone, has documented high grade copper-lead-silver veins of possible orogenic origin, and only the southern portion of this property has been explored to date. The Newfoundland Geological Survey prepared a report on the property and prospecting and geophysical efforts have served to identify a significant anomaly which is yet to be explained. The property is traversed by the Trans Canada Highway and is located 10 kilometers east of the community of Gander. As we wish to maintain our focus on our flagship Silver Hart project, we have decided to seek a partner for Bridal Veil as it clearly merits advanced exploration. With or without partners, we will conduct exploration on both of our Newfoundland properties, Bridal Veil and Terra Nova, this fall and our field crews will be commencing work on our Rancheria South project next week. It is important that the potential of our portfolio be identified further at this time so that their value will start to be recognized."

Qualified Person

Kevin Brewer, a registered professional geoscientist in BC, Yukon and Newfoundland, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has approved the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for silver in Yukon and British Columbia and polymetallic deposits in Yukon and Newfoundland. Our silver-lead-zinc prospects include the Silver Hart Deposit and Blue Heaven claims (the "Silver Hart Project") and the recently acquired Rancheria South, Amy and Silverknife claims (the "Rancheria South Project"). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

On behalf of the Board:

"John Bossio"

John Bossio, Chairman

CMC METALS LTD.

For further information concerning the CMC Metals Ltd., or its exploration projects, please contact:

Investor Inquiries:

Kevin Brewer, P. Geo.
President, CEO and Director
Tel: (604) 605-0166
kbrewer80@hotmail.com

To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer at 604-605-0166.

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

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. 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 market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."

SOURCE: CMC Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/657643/CMC-Provides-Exploration-Update-on-Its-Silver-Hart-Project-Yukon

On behalf of the Gold Resource team, I would like to welcome everyone to our second-quarter 2021 results conference call. On the call today, we have Allen Palmiere, president and chief executive officer; Kim Perry, chief financial officer; and Alberto Reyes, chief operating officer.

Acquires 50% Stake in 200,000 Pound Per Day Hemp Extraction, Remediation, and Refinement Facility

VIRGINIA CITY, Nev., July 29, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the execution of a series of agreements with Lakeview Energy LLC (“Lakeview”) and its subsidiaries, pursuant to which the Company acquired 50% of the equity of Lakeview’s subsidiary, LP Biosciences LLC (“LPB”), and agreed to provide the financing needed to retrofit LPB’s pre-existing industrial scale solvent extraction and valorization facility in Merrill, Iowa (“LPB Facility”), for the production of an array of wholesale products from up to 200,000 pounds per day of industrial hemp. Comstock issued 3,500,000 restricted shares of its common stock to LPB in connection with its acquisition and financing commitments, and simultaneously acquired 100% of MANA Corporation (“MANA”), an industrial hemp technology development, marketing, and management company, for 4,200,000 restricted shares of Comstock common stock.

Industrial Scale Infrastructure

Industrial hemp is an extraordinary natural resource with tens of thousands of known applications, including food, feed, fuel, and fiber, and an array of emerging applications in batteries, bioplastics, and other renewable alternatives to fossil fuel derived products. However, hemp’s ability to produce over 400 natural phytochemicals, such as cannabidiol (“CBD”) and cannabigerol (“CBG”), has recently garnered significant attention as some of those chemicals are seen to have compelling potential in health and wellness applications. The corresponding green rush propelled global demand and sales of industrial hemp products to an estimated $1.9 billion as of 2020, and the industry is expected to grow to $6.9 billion worldwide by 2025, according to Hemp Industry Daily.

“The processing infrastructure needed to achieve those aspirations does not exist today at the scales and sophistication expected of mature supply chains for comparable commodities,” said MANA’s Chief Executive Officer, William McCarthy. “The absence of large scale capacity represents the hemp industry’s most significant bottleneck today. MANA is addressing that deficiency by acquiring and partnering with experienced agriproducts management teams and pre-existing industrial scale facilities in adjacent agricultural markets. We are excited to do so today with Comstock, Lakeview, and the LPB Facility, and we’re looking forward to making a market leading contribution to the debottlenecking and evolution of the industry.”

Mature Agriproducts Management

Lakeview is an experienced agriproducts management company that owns and operates three renewable fuels facilities, including two 55 million gallon dry mill corn ethanol facilities located in Ohio and Iowa, and a 10 million gallon per year biodiesel production facility located in Missouri. Importantly, LPB’s LPB Facility is ideally co-located with Lakeview’s ethanol facility in Iowa, where the two facilities can exploit operational and other synergies to maximize throughput, profitability, and cash flow. Comstock’s and MANA’s agreements with Lakeview call for Lakeview to provide construction, operating, administrative, logistics, commodities, risk management and other services to LPB as the parties work together to build, operate and grow the LPB Facility. MANA additionally agreed to provide a suite of complimentary technology, marketing and other management services, with a focus on acquiring and using pre-existing and new feedstock and offtake arrangements to fill the LPB Facility.

“Industrial hemp has remarkable potential in several important respects, including its potential for new jobs and stimulating economic, environmental and social value creation in our community,” said Jim Galvin, Lakeview’s Chief Executive Officer. “We’re pleased to partner with Comstock and MANA as we upgrade and use the LPB Facility to provide comprehensive hemp extraction, remediation, and refinement services at scales that are currently unheard of in the hemp industry.”

Industry Leading Scale, Quality, Compliance, and Flexibility

Comstock’s Executive Chairman and Chief Executive Officer, Corrado DeGasperis, added: “We are proud to have assembled a world class asset with a team of industry veterans, process engineers, and partners to rapidly retrofit and commence operations with the LPB Facility, thereby setting a global standard for quality, compliance, consistency, flexibility and speed at an extraordinary scale. Once retrofits are complete in mid-2022, the LPB Facility will generate significant free cash flow by servicing the most astute, demanding, and rapidly growing buyers of wholesale hemp products with custom tailored solutions.”

The LPB Facility is conservatively expected to scale up to its initial nameplate capacity exceeding 200,000 pounds per day and 36,500 tons per year of industrial hemp over its first three years of operations, as it extracts, remediates, and refines oil from industrial hemp to generate annualized revenues exceeding $53,000,000, $154,000,000, and $409,000,000 per year during LPB’s first, second, and third full years of operations, respectively, as shown in the following excerpt from LPB’s internal projections:

Ecosystem of Strategic Feedstocks, Processes and Products

DeGasperis concluded: “Comstock is focused on the rapid and simultaneous maximization of financial, natural, and social impact, in large part by building an ecosystem of strategic extraction and valorization facilities with complimentary feedstocks and products. In this example, the LPB Facility’s revenue estimates are based only on the oil fraction of industrial hemp, which corresponds to a small portion of total feedstock biomass. The rest of that biomass is mostly comprised of cellulose with many known co-product applications, as well as some very exciting new applications that we are actively evaluating for use in our existing and planned new decarbonization efforts.”

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value 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.

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 operating margins; available resources; environmental conservation outcomes; 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.

The market expects McEwen (MUX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This gold and silver mining company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +80%.

Revenues are expected to be $40.2 million, up 119.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for McEwen?

For McEwen, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that McEwen will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that McEwen would post a loss of $0.02 per share when it actually produced a loss of $0.03, delivering a surprise of -50%.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

McEwen doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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McEwen Mining Inc. (MUX) : Free Stock Analysis Report

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Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – July 29, 2021) – Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") has filed the results for the year end dated April 30, 2021 for the Company and its mining operations in Queretaro, Mexico. The full version of the Company's Financial Statements and Management's Discussion and Analysis can be viewed on the Company's website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

"We end the year with strong earnings from mining operations of $6.4million and net income of $0.06 per share, thanks to the cost savings measures implemented 6 quarters ago and to our steady production," reported Robert Eadie, President and C.E.O. "We start the next fiscal year with strong cash reserves and are looking to expand our resources through exploration and acquisitions."

Financial Highlights for the year ending April 30, 2021 (audited):

• Cash on hand is $4.4 million at April 30, 2021;

• Gold and silver sales of $26.8 million;

• Earnings from mining operations of $6.4 million;

• Net Income of $2.9 million, or $0.06 per share, after loss on sale of Toiyabe of $1.1 million;

• EBITDA⁽¹⁾ of $6.9 million;

The following table contains selected highlights from the Company's audited consolidated statement of operations for the years ended April 30, 2021 and April 30, 2020:

(1) EBITDA ("Earnings before Interest, Taxes, Depreciation and Amortization") is a non-GAAP financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another Corporation. The Corporation uses this non-GAAP measure which can also be helpful to investors as it provides a result which can be compared with the Corporation's market share price.
(2) EBITDA MARGIN is a measurement of a company's operating profitability calculated as EBITDA divided by total revenue. EBITDA MARGIN is a non-GAAP financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another Corporation. The Corporation uses this non-GAAP measure which can also be helpful to investors as it provides a result which can be compared with the Corporation's market share price.

Production Highlights for the year ended April 30, 2021:

• Equivalent gold production of 11,797 ounces;

• Mine operating cash cost of US$1,056/EqOz;

• All-in sustaining costs of US$1,380/EqOz.

The following table is a summary of mine production statistics for the San Martin mine three and twelve months ended April 30, 2021 and for the previous year ended April 30, 2020:

Salvador Garcia, P. Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

About Starcore

Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Gary Arca"
Gary Arca, Chief Financial Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

GARY ARCA
Telephone: (604) 602-4935
Facsimile: 1-604-602-4936

EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 x 203
Toll Free: 1-866-602-4935

The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91514

Wall Street expects a year-over-year increase in earnings on higher revenues when Hecla Mining (HL) reports results for the quarter ended June 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 5, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This precious metals company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +400%.

Revenues are expected to be $222.16 million, up 33.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Hecla Mining?

For Hecla Mining, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.13%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Hecla Mining will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Hecla Mining would post earnings of $0.05 per share when it actually produced earnings of $0.06, delivering a surprise of +20%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Hecla Mining appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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Hecla Mining Company (HL) : Free Stock Analysis Report
 
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Zacks Investment Research

Alaska Chamber recognizes Greens Creek as the Large Business of the Year

COEUR D'ALENE, Idaho, July 28, 2021–(BUSINESS WIRE)–Hecla Mining Company (NYSE:HL) is pleased to announce the Alaska Chamber named Hecla’s Greens Creek Mine the Rita Sholton Large Business of the Year award, which pays tribute to businesses that exemplify leadership, ethics, and organization.

"Hecla Greens Creek exemplifies special involvement in Alaska’s communities through an excellent business reputation, long-term commitment to the community, emphasis on safety and environmental responsibility, and their effective efforts to protect their workers and the community during the pandemic," wrote Deantha Skibinski, Executive Director of the Alaska Miners Association, who nominated Greens Creek.

"Over the last 30 years, Greens Creek has become the United States largest silver producer, producing almost a third of America’s silver while being a major contributor to Juneau and southeast Alaska," said Phillips S. Baker, Jr., Hecla’s President and CEO. "Despite the pandemic, Greens Creek has been able to maintain full production and employment while providing additional support to the communities through special charitable programs. It is a great honor to be recognized by the Alaska Chamber for our team’s extraordinary efforts. We look forward to contributing to the region’s economic and community stability for many years to come."

Local community leaders underlined Hecla’s long-term contributions to the community in the award nomination:

"Greens Creek’s purchase of surplus hydropower has benefitted Juneau residents in the form of reduced rates to the tune of over $70 million since 2009. The purchase of renewable energy from AEL&P reduces the carbon emissions that the mine would otherwise produce while helping to pay for hydroelectric infrastructure that will benefit Juneau residents for generations to come." – Constance Hulbert, President and General Manager, Alaska Electric Light & Power

"Since 2011 Greens Creek has provided scholarship funding to over 350 Alaska residents to help gain the skills necessary to be successful in the mining industry. With over $500,000 going directly to student aid, Hecla Greens Creek is UAS’ largest sponsor of students." – Chancellor Karen Carey, University of Alaska Southeast

"As a ‘corporate citizen’ Hecla has consistently ensured that they participate in and contribute to local organizations through a very generous program of direct donations and through their Foundation. This past year, many businesses and organizations were being crushed by the complete shutdown of the economy. However, Hecla continued to contribute to the organizations they had supported in years past to help them through their own challenging time. They could have said ‘no’ … others did." – Craig Dahl, Executive Director, Greater Juneau Chamber of Commerce

The Alaska Chamber has been the leading voice of Alaska's business community since its founding in 1953.

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/20210728005028/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

DENVER, CO / ACCESSWIRE / July 28, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") declared its quarterly dividend of one cent ($0.01) per common share for the third quarter of 2021 payable on September 30, 2021, to shareholders of record as of September 15, 2021.

After careful consideration and a commitment to best-in-class governance, last quarter the directors of the Company decided to change the frequency with which it will pay dividends and accordingly, has gone to a quarterly dividend payment. Further, the sponsored dividend exchange program under which shareholders may exchange their cash dividends for minted gold and silver rounds has been discontinued effective July 1, 2021 due to its costly nature to administer and limited shareholder participation.

Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Company's public filings with the U.S. Securities and Exchange Commission.

About GRC:

Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

CONTACT:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/657493/Gold-Resource-Corporation-Declares-Quarterly-Dividend

Coeur Mining (CDE) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this silver mining company would post earnings of $0.07 per share when it actually produced earnings of $0.06, delivering a surprise of -14.29%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Coeur Mining, which belongs to the Zacks Mining – Non Ferrous industry, posted revenues of $214.86 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $154.25 million. The company has topped consensus revenue estimates two times over the last four quarters.

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

Coeur Mining shares have lost about 28.4% since the beginning of the year versus the S&P 500's gain of 17.2%.

What's Next for Coeur Mining?

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

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

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

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

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.11 on $235.21 million in revenues for the coming quarter and $0.28 on $877.04 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Non Ferrous is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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Coeur Mining, Inc. (CDE) : Free Stock Analysis Report
 
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The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31st. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Coeur Mining, Inc. (NYSE:CDE).

Coeur Mining, Inc. (NYSE:CDE) shareholders have witnessed an increase in enthusiasm from smart money of late. Coeur Mining, Inc. (NYSE:CDE) was in 18 hedge funds' portfolios at the end of March. The all time high for this statistic is 26. Our calculations also showed that CDE isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Noam Gottesman of GLG Partners

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, pet market is growing at a 7% annual rate and is expected to reach $110 billion in 2021. So, we are checking out the 5 best stocks for animal lovers. We go through lists like the 15 best Jim Cramer stocks to identify the next Tesla that will deliver outsized returns. 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 we're going to analyze the new hedge fund action regarding Coeur Mining, Inc. (NYSE:CDE).

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

At the end of March, a total of 18 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 6% from one quarter earlier. By comparison, 14 hedge funds held shares or bullish call options in CDE a year ago. With hedge funds' positions undergoing their usual ebb and flow, there exists an "upper tier" of noteworthy hedge fund managers who were upping their stakes substantially (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Eric Sprott's Sprott Asset Management has the most valuable position in Coeur Mining, Inc. (NYSE:CDE), worth close to $10.8 million, accounting for 0.6% of its total 13F portfolio. The second largest stake is held by D E Shaw, led by D. E. Shaw, holding a $8.9 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining professional money managers that hold long positions comprise John Overdeck and David Siegel's Two Sigma Advisors, Ken Griffin's Citadel Investment Group and Suzi Nutton (CEO)'s Lansdowne Partners. In terms of the portfolio weights assigned to each position Sprott Asset Management allocated the biggest weight to Coeur Mining, Inc. (NYSE:CDE), around 0.65% of its 13F portfolio. Manatuck Hill Partners is also relatively very bullish on the stock, setting aside 0.15 percent of its 13F equity portfolio to CDE.

As aggregate interest increased, key hedge funds were breaking ground themselves. Lansdowne Partners, managed by Suzi Nutton (CEO), established the most outsized position in Coeur Mining, Inc. (NYSE:CDE). Lansdowne Partners had $4.6 million invested in the company at the end of the quarter. Paul Tudor Jones's Tudor Investment Corp also initiated a $1.2 million position during the quarter. The other funds with brand new CDE positions are Noam Gottesman's GLG Partners, Paul Marshall and Ian Wace's Marshall Wace LLP, and Qing Li's Sciencast Management.

Let's now review hedge fund activity in other stocks similar to Coeur Mining, Inc. (NYSE:CDE). These stocks are Prestige Consumer Healthcare Inc. (NYSE:PBH), Verra Mobility Corporation (NASDAQ:VRRM), Mednax Inc. (NYSE:MD), Cloopen Group Holding Limited (NYSE:RAAS), Transocean Ltd (NYSE:RIG), Rambus Inc. (NASDAQ:RMBS), and DiamondRock Hospitality Company (NYSE:DRH). This group of stocks' market valuations are closest to CDE's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position PBH,14,104765,0 VRRM,18,337812,-4 MD,11,260855,-7 RAAS,14,36938,14 RIG,20,148582,3 RMBS,23,294753,0 DRH,11,118667,-2 Average,15.9,186053,0.6 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 15.9 hedge funds with bullish positions and the average amount invested in these stocks was $186 million. That figure was $46 million in CDE's case. Rambus Inc. (NASDAQ:RMBS) is the most popular stock in this table. On the other hand Mednax Inc. (NYSE:MD) is the least popular one with only 11 bullish hedge fund positions. Coeur Mining, Inc. (NYSE:CDE) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for CDE is 55.9. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 28.5% in 2021 through July 23rd and beat the market again by 10.1 percentage points. Unfortunately CDE wasn't nearly as popular as these 5 stocks and hedge funds that were betting on CDE were disappointed as the stock returned -18.8% since the end of March (through 7/23) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as many of these stocks already outperformed the market since 2019.

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

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Vancouver, British Columbia–(Newsfile Corp. – July 28, 2021) – Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ("Austral" or the "Company") is pleased to announce that the Company and Pampa Metals Corporation (CSE: PM) (FSE: FIRA) (OTCQX: PMMC) ("Pampa") have executed an Option Agreement following the signing of a non-binding letter of intent ("LOI") disclosed on 14 April 2021 whereby Austral may acquire up to an 80% interest in the Cerro Blanco and Morros Blancos properties held by Pampa (the "Transaction").

Austral Gold's Chief Executive Officer Stabro Kasaneva said: "Following our acquisition of Revelo Resources Corporation ("Revelo") in February 2021, which included exploration projects located close to our Guanaco/Amancaya mining complex and a 19.9% shareholding interest in Pampa, we are pleased to execute this Option Agreement, which will enable us to further increase the number of projects that we own or control in the area. Our interest in this Transaction is consistent with our strategy to obtain a leading role in the Paleocene-Eocene Belt in Chile which we believe to be a prolific mineralized belt underexplored for precious metals."

Highlights of the Transaction:

Pampa will grant an option to Austral in exchange for 2,963,132 shares of Pampa owned by Austral. After returning these shares, Austral's shareholding in Pampa will be reduced to 5,926,084 shares or approximately 13.6% of Pampa's outstanding shares. In addition, the Company will:

• Terminate its nomination right to appoint a representative to the board of directors of Pampa;

• Terminate rights to the contingent payments on the Cerro Blanco and Morros Blancos Properties, unless a Property reverts to Pampa and exploration results determine that copper is the dominant metal rather than gold, silver and other precious metals, in which case Austral could receive half of the contingent payment if its interest in that Property is reduced to less than 20%.

• Refund the pro rata portion of Pampa's 2021 C$94,000 annual license fees incurred on the Properties calculated from the date closing conditions are met.

a) Initial 60% Interest:

Austral may exercise the initial 60% interest option by incurring US$3 million in exploration expenses on the Properties as follows:

• at least US$1 million in year 1; and

• an additional US$2 million in year 2

b) Stage 1:

If Austral exercises the initial 60% interest option and earns a 60% interest in a property or the Properties, Austral may increase its interest in each such property to an aggregate total of 65% ("Stage 1") within five years from the date of closing the Option agreement for the following consideration on each Property:

• minimum drilling of 15,000m,

• studies required to complete a preliminary economic assessment ("PEA"),

• PEA by an internationally recognized engineering firm to the standards, and in the form, prescribed under National Instrument 43-101 ("NI 43-101"), and

• minimum annual exploration expenditures on each property of US$250,000.

After completion of this stage, both parties intend to form a Joint Venture (JV) Company and execute a Shareholder Agreement in respect of each Property subject to the JV. Any Property on which a PEA is not completed according to the terms, will be returned to Pampa.

c) Stage 2

Austral may at its sole discretion, elect to earn an additional 15% interest to increase its interest to 80% in a property or the Properties ("Stage 2") by completing the following activities within 5 years from providing notice to Pampa that it intends to reach Stage 2:

• minimum drilling of 10,000m,

• studies required to complete a bankable feasibility study ("BFS"), and

• BFS by an internationally recognized engineering firm to the standards, and in the form, prescribed under NI 43-101.

If Austral does not complete these activities, then Pampa will be named operator of a property or the Properties and may increase its ownership from 35% to 80% by completing these activities, on the same conditions established for Austral.

The primary exploration targets of Austral on the Properties are gold, silver and other precious metals. If Austral's exploration on the Properties results in a reasonable conclusion that copper is the dominant metal for a property, Pampa will become the 60% holder of the property, and will have the same earn-in rights and parameters as described above for Austral with appropriate adjustments.

Completion of the Transaction is subject to regulatory approval, if required and consents and compliance with applicable laws.

About the Properties:

Both the Cerro Blanco (6,500 Ha) and the Morros Blancos (7,300 Ha) Properties are prospective for porphyry copper (+/- gold +/- moly) and high-sulphidation epithermal gold-silver (+/- copper) deposits which are located in the heart of the Paleocene Mineral Belt in northern Chile. The Paleocene Belt is host to important copper and gold-silver deposits and mines, and the Properties are located along a prolific segment of the prospective belt, along trend from important copper mines such as Spence (BHP) and Sierra Gorda (KGHM and Sumitomo), as well as precious metals mines and projects.

Cerro Blanco is located about 20 Km southwest of the multi-million ounce El Peñon gold-silver mining district (Yamana Gold) and Morros Blancos is located adjacent and to the east of Austral's Amancaya gold-silver mine. Access to both projects is easy, both being located less than 30 Km from the Pan American Highway, and altitudes are moderate. Both projects are close to Austral's Guanaco processing plant, which may allow for more efficient and cost-effective development and operation.

About Austral Gold

Austral Gold Limited is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the USA and Argentina. Austral owns a 100% interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA. In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the recent acquisition of Revelo Resources Corp), a 19.9% interest in Pampa Metals and a 100% interest in the Pingüino project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral's website at www.australgold.com.

About Pampa Metals

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

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

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
jose.bordogna@australgold.com
+54 (11) 4323 7558

David Hwang
Company Secretary
Austral Gold Limited
info@australgold.com
+61 (2) 9698 5414448

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections – statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include the terms agreed to in the Option Agreement and that we will further increase the number of projects that we own or control in the area close to our Guanaco/Amancaya mining complex. All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, business integration risks; uncertainty of production, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets especially in light of the effects of the novel coronavirus,, uncertainty in the measurement of mineral reserves and resource estimates, Austral's ability to attract and retain qualified personnel and management, potential labour unrest, reclamation and closure requirements for mineral properties; unpredictable risks and hazards related to the development and operation of a mine or mineral property that are beyond the Company's control, the availability of capital to fund all of the Company's projects and other risks and uncertainties identified under the heading "Risk Factors" in the Company's continuous disclosure documents filed on the ASX and on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91397

TORONTO, July 28, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call on Thursday, August 5^th, 2021, from 2:00 pm EDT, where management will discuss our Q2 2021 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast.

The webcast will be archived on McEwen Mining’s website at https://www.mcewenmining.com/media following the call.

ABOUT MCEWEN MINING

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

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

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

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

COEUR D'ALENE, Idaho, July 28, 2021–(BUSINESS WIRE)–Hecla Mining Company (NYSE:HL) today announced it will issue a news release reporting its second quarter 2021 financial results before market open on Thursday, August 5, 2021.

CONFERENCE CALL AND WEBCAST

A conference call and webcast will be held Thursday, August 5, at 10:00 a.m. Eastern Time to discuss second quarter 2021 financial results. You may join the conference call by dialing toll-free 1-833-350-1380 or for international by dialing 1-647-689-6934. The Conference ID is 8545015. Please dial-in and provide the Conference ID number at least 10 minutes prior to the start time to join the call and mitigate any hold times.

Hecla’s live webcast can be accessed at www.hecla-mining.com under Investors/Events & Webcasts (https://ir.hecla-mining.com/news-events/events-webcasts/default.aspx). The webcast will also be archived on the site.

One-on-One Calls

Hecla will be holding a Virtual Investor Event on Thursday, August 5, 2021, from 3:00 p.m. to 5:00 p.m. ET.

Hecla invites shareholders, investors, and other interested parties to schedule a personal, 30-minute virtual meeting (video or telephone) with a member of senior management to discuss operations, exploration, or ESG. Click on the link below to schedule a call (or copy and paste the link into your web browser). You can select a topic once you have entered the meeting calendar. If you are unable to book a time, either due to high demand or for other reasons, please reach out to Russell Lawlar, Sr. Vice President – CFO and Treasurer at rlawlar@hecla-mining.com or 208-769-4130.

One-on-One meeting URL: calendly.com/2021-august-vie

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/20210728005175/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

VANCOUVER, BC / ACCESSWIRE / July 28, 2021 / Pampa Metals Corp. ("Pampa Metals" or the "Company")(CSE:PM)(FSE:FIRA)(OTCQX:PMMCF) is pleased to announce that further to the news release of April 14, 2021 it has completed the formal documentation with Austral Gold Ltd. ("Austral")(TSXV:AGLD)(ASX:AGD), whereby Austral has been granted an option to acquire in stages up to an 80% joint venture interest in Pampa Metals' Cerro Blanco and Morros Blancos properties (the "Properties") in exchange for certain cash payments, exploration expenditures and the cancellation of 2,963,132 shares of Pampa Metals held by Austral's wholly-owned subsidiary, Revelo Resources Corp. The formal documentation (the "Agreement") consists of the Definitive Option and Joint Venture Agreement, a Shareholders' Agreement in the event the Option is exercised, and an Exploration Deed that enables enforcement of the Agreement in Chile.

Highlights of the Agreement are:

• Cancelation of 2,963,132 of the Company's shares representing the return to treasury of more than 6% of the issued and outstanding share capital;

• Austral incurring Exploration Expenditures of at least $1 million in year 1 and $2 million in year 2;

• Austral being required to complete a bankable feasibility study to earn an 80% interest in either or both properties. If studies indicate that copper is the most valuable commodity instead of gold and silver, Pampa Metals can earn back an 80% interest under the same terms and conditions as those for Austral.

Julian Bavin, CEO of Pampa Metals, commented: "We are extremely pleased to have signed this Agreement with Austral, which brings great experience in gold exploration to our Cerro Blanco and Morros Blancos Properties. Through this transaction we are also returning to our treasury a significant number of shares that will better position the Company when additional capital is required. The transaction also ensures that more projects within Pampa Metals' portfolio will be advanced rapidly and efficiently, allowing the Company to direct its treasury towards other projects within its 100% owned portfolio." And he continued: "In addition, the close proximity of our Cerro Blanco and Morros Blancos projects to Austral's operating mines and processing operations in Chile provide enhanced optionality to Pampa Metals and, subject to exploration and development success, future real value returns to our shareholders."

Stabro Kasaneva, CEO of Austral, commented: "We are excited to have signed this Agreement with Pampa Metals which provides exploration upside and future development optionality for our existing mines in the district."

Austral Gold Ltd. is a growing gold and silver mining producer. Over the last few years, Austral Gold has successfully built a portfolio of assets in the Americas (Chile, Argentina, and United States) and is dual-listed on the Australian Securities Exchange (ASX:AGD) and the Toronto Venture Exchange (TSXV:AGLD). The Group's flagship asset is the Guanaco/Amancaya gold and silver mine complex in Chile. Other mining interests include the Casposo Mine in Argentina (100%), a non-controlling interest in the Rawhide Mine in the USA, and an attractive portfolio of exploration projects in Argentina and Chile.

About the Agreement

Pampa Metals' Cerro Blanco and Morros Blancos projects are located within 50 Km to 60 Km from Austral's flagship gold-silver mine and processing facilities at Guanaco in northern Chile, and Morros Blancos is additionally located adjacent to Austral's Amancaya gold-silver mine, which provides additional feed to the Guanaco plant.

The 6,500-hectare Cerro Blanco and 7,300-hectare Morros Blancos projects are two of the three "lithocap" projects within the Company's 8 project exploration portfolio. Lithocap targets geologically represent the upper portions of potential porphyry copper systems, and often have significant precious metals potential. Historic results to date at both projects suggest good potential for near surface gold-silver mineralization possibly associated with deeper copper mineralization.

As a result of the Company's primary focus on copper and desire to advance its portfolio as rapidly and efficiently as possible, it is open to third party investment in some key projects, including this transaction with Austral.

Key terms of the Agreement, originally announced on April 14, 2021, which will allow Austral to acquire an initial 60% interest in the Properties for certain considerations and commitments, are as follows:

• Austral incurring Exploration Expenditures on the Properties of at least $1 million in year 1 and $2 million in year 2.

• Austral returning 2,963,132 Pampa Metals' shares held by Revelo Resources Corp. for cancellation on the Effective Date of the grant of the Option. The share cancellation leaves Austral's holding in Pampa Metals at 13.6%, and represents one-third of Austral's share holdings in Pampa Metals. This will reduce the total issued shares of Pampa Metals to 43,432,261 based on the current number of issued shares.

• At the Effective Date Austral has also terminated Revelo Resources Corp.'s right to nominate a representative to the board of directors of Pampa Metals.

• Termination of rights to contingent payments in favour of Austral on the Cerro Blanco and Morros Blancos Properties, unless a Property reverts to Pampa Metals and exploration results determine that copper is the dominant metal rather than gold, silver, and other precious metals, in which case Austral would receive half of the contingent payment if its interest in that Property reduces to less than 20%.

• If less than $ 1million is spent on either of the Properties by the end of year 2, the Property that fails to receive such expenditure will revert to the Company.

If the initial 60% Earn-In is completed, Austral can increase its interest to 65% by producing a Preliminary Economic Assessment ("PEA") on either or both Properties within 5 years based on a minimum of 15,000m of drilling and related engineering studies. Any Property that does not have a PEA completed within 5 years will be returned to the Company.

Austral can further increase its interest to 80% by producing a Bankable Feasibility Study ("BFS") to NI 43-101 standards with an additional 10,000m (minimum) of drilling on any one of the Properties. However, if the results of exploration or the BFS indicate that the value of mineralization is dominated by copper rather than gold, Pampa Metals can earn an 80% interest in any such discovery by diluting Austral to 20% using the same expenditure formula by which Austral has earned its interest.

About Cerro Blanco & Morros Blancos

Both the Cerro Blanco (6,500 Ha) and the Morros Blancos (7,300 Ha) Properties are prospective for high-sulphidation epithermal gold-silver (+/- copper) and porphyry copper (+/- gold +/-moly) deposits and are located in the heart of the Paleocene Mineral Belt in northern Chile. The Paleocene Belt is host to important gold-silver and copper deposits and mines, and the Properties are located along a prolific segment of the prospective belt, along trend from important precious metals mines and projects. Cerro Blanco is located about 20 Km south-southwest of the multi-million ounce El Peñon gold-silver mining district (Yamana Gold) and Morros Blancos is located adjacent and to the east of Austral's Amancaya gold-silver mine. Access to both projects is easy, both being located less than 30 Km from the Pan American Highway, and altitudes are moderate. Both projects lie within potential operational distance of Austral's Guanaco processing plant, which could allow for more efficient and cost-effective development and operation.

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

ABOUT PAMPA METALS

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

ON BEHALF OF THE BOARD

Julian Bavin | Chief Executive Officer

INVESTOR CONTACT

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

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

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

FORWARD-LOOKING STATEMENTS

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

Location Map – Cerro Blanco & Morros Blancos Properties

SOURCE: Pampa Metals Corp.

View source version on accesswire.com:
https://www.accesswire.com/657313/Pampa-Metals-Signs-Definitive-Agreement-with-Austral-Gold-Returns-6-of-Issued-and-Outstanding-Shares-Back-to-Treasury

Shares Outstanding: 277,578,617
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, July 28, 2021 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 5 new drill holes from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-052 intersected 51.3m of 136 g/t silver equivalent ("AgEq"), including 0.9m of 1,576 g/t AgEq in the newly discovered El Favor East zone. See Table 1 for breakdown of silver and gold values, and Figure 2 for El Favor East map.

The exploration team has been moving east with drilling in 25m stepouts in the eastern end of El Favor, beginning with discovery hole 48, and continuing to intersect wide strong mineralization. This area is known as the El Favor East zone and in addition to these drill holes, additional drill holes further to the east are pending assays. The mapping program at El Favor East has extended the presence of mineralization 900m to the east of hole 48 (El Favor East zone discovery hole).

"We're pleased to see strong results such as hole LRGF-21-052 in our new El Favor East zone discovery and are excited to see the results of more holes farther east which are pending assays and look very promising," said Brad Langille, President and CEO. "We believe extending the strike length at the eastern end of El Favor at these grades will contribute greatly to the upcoming resource."

Table 1: Drill Hole Intersections

Figure 1: El Favor Drill Hole Locations

Figure 2: El Favor East

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 3). 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.

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.

Figure 3: Favor-Orito Long Section

Table 2: Drill Hole Locations

Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North

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:https://www.prnewswire.com/news-releases/gogold-drills-1-576-gt-ageq-over-0-9m-within-51-3m-of-136-gt-ageq-at-el-favor-in-los-ricos-north-301342719.html

SOURCE GoGold Resources Inc.

TORONTO, July 28, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the "Company") is pleased to provide an update on the ongoing drilling program at the Silver City Project in Saxony, Germany.

Highlights

• Drilling commenced smoothly at the first of four priority targets of the 12,000 metre diamond drilling program planned for 2021

• Second drill rig added to the program, with drilling now underway at the Peter Vein (Neue Hoffnung Gottes) and Bräunsdorf (Christbescherung) targets

• Drilling at Reichenbach and Grauer Wolf scheduled to commence in August

"We have had another smooth startup of drilling at Silver City this year," stated Ben Pullinger, SVP Geology & Corporate Development. "We continue to appreciate the support of the local community and benefit from the excellent work of the TU Bergakademie Freiberg and the Helmholtz Institute of Freiberg. This year's program builds on discoveries made last year in the first modern-day drilling for precious metals on the Bräunsdorf license. Our current drilling focusses on the historically productive gneiss-schist contact running through the Bräunsdorf and Peter Vein mines. In the coming weeks we will move up to the mafic-schist contact intersected last year at Reichenbach and Grauer Wolf, both of which yielded some of the most interesting results from drilling to date."

Preparatory work for this year's program included reprocessing and interpretation of historical airborne data, interpretation of geochemical data from 2020 drilling and continued compilation of historical data. Interpretation of high-resolution SWIR-LWIR hyperspectral acquired from 2020 drill core is supported by ongoing multidisciplinary research studies at the TU Bergakademie Freiberg and the Helmholtz Institute of Freiberg. The upcoming Grauer Wolf and Reichenbach targets are located along the newly drilled mafic volcanic and schist contact, with the geology and alteration intersected to date indicative of a compelling high-grade silver system.

The Silver City Project was mined for high-grade silver from the 11^th until the late 19^th century, when Germany left the silver standard in 1873 and the gold:silver ratio collapsed. Records from the project indicate high-grade silver production over substantial widths throughout the district. Excellon has embarked on the first modern day exploration program focused on precious metals.

Excellon holds an option to acquire a 100% interest in the Silver City Project from Globex Mining Enterprises Inc. (TSX:GMX; OTCQX:GLBXF; and FRA:G1MN).

Samples from the drill campaign are being shipped for analysis to an ALS Global laboratory in Galway, Ireland, an ISO/IEC17025:2017 accredited facility. This facility was selected to accelerate and better manage sample-processing times in the context of the COVID-19 logistical challenges and strong demand for drill assaying globally.

Qualified Person

Mr. Ben Pullinger, P.Geo., Senior Vice President Geology & Corporate Development, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information contained in this press release.

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.

SOURCE Excellon Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/28/c8042.html

A new gold exploration in Quebec may be starting to ping radar because it keeps on hitting new mineralization and reports say it’s gone beyond gold.

Junior explorer Starr Peak Mining Ltd. (TSX:STE.V; OTC:STRPF) is aiming to pick up where another big gold discovery right next door by Amex Exploration left off …

The Amex discovery earned shareholders up to 7,000% returns at its height, and now we think Starr Peak is looking to do something even bigger because its maiden drill hasn’t just shown gold … It’s shown indications of a VMS (Volcanogenic Massive Sulphide) deposit with rock containing multiple base metals, including zinc, copper, silver, and gold.

This is a play with a huge past-producing mine that’s also right next door to the Amex discovery.

In our view things usually don’t line up this nicely for a junior miner, and the news flow that shows this crew hitting mineralization after mineralization indicates that we may be in for an exciting ride as a potential Quebec gold rush 2.0 kicks into gear.

We think the facts speak for themselves on this play, and here are just 5 of them that appeal to early-in investors:

Fact #1: Starr Peak Has Expanded Its Position Rapidly

On June 13, 2019, Starr Peak acquired a priority land package (NewMétal) in northwestern Quebec, directly east of Amex Exploration Inc.’s Perron Property and proximal to the past-producing Normétal Mine.

That package consists of 53 mineral claims covering 1,420 hectares in the Abitibi Greenstone Belt of Quebec, along the Chicobi Deformation Zone.

Just a year later, Starr Peak expanded its NewMétal property by acquiring land directly east of Amex’s project and adjacent to the past-producing Normétal Mine. That package consists of 11 mineral claims over 468 hectares—bringing Starr Peak’s total land package (so far) to 64 mineral claims covering 1,888 hectares.

But expansion continued …

On August 10, 2020, Starr Peak further expanded its NewMétal property by acquiring past-producing Normétal Mine, with 10 mineral claims over 391.53 hectares, and two additional properties: Rousseau Gold Property (12 mineral claims covering 470.17 hectares) and Turgeon Lake Gold Property (2 mineral claims covering 112.91 hectares).

Fact #2: The Company reports its initial drill target identification was comprehensive

Discovered in 1925, the Normétal mine was exploited from 1929 to 1975, with a total of 10.1 million tonnes extracted at a grade of 5.12 % Zn, 2.15 % Cu, 45.25 g/t Ag, and 0.549 g/t Au (Boivin, 1988). During historical production, the main focus was on copper, while gold was treated as a secondary product.

The neighboring satellite deposit Normetmar was discovered in 1965 and a historical resource estimate was determined through drilling and bulk sampling of 306,800 tonnes at a grade of 10.94 % Zn (GM38950, 1970).

Through the compilation work, the Company has determined that many portions of both the Normétal and Normetmar systems remain open for exploration with expectations of high-grade drill intercepts based on historical results.

Starr Peak (TSX:STE.V; OTC:STRPF) conducted comprehensive initial exploration of the main bloc of the NewMétal property, including the past-producing Normétal Mine, using VTEM surveying. Additionally, high-resolution drone mag surveying covering the entire property was conducted to define gold structures and help identify drill targets.

The company also completed an in-depth review and compilation of historical exploration and mining data from past work on both NewMétal and past-producing Normétal, along with data reported from the neighboring Perron Project run by Amex Exploration.

That data identified numerous, significant exploration targets in close proximity to the historical mine and resource. It also identified gold-rich zonation sulfides within the Normétal Mine sub-surface crown pillar left in place (GM49521, 1989).

In December last year, Starr Peak received high-grade gold results from grab samples taken on a field visit carried out in September 2020. Highlight assay results sampled on Turgeon Lake shoreline returned 157, 31.8 and 9.77 g/t Au, confirming the historical grab samples at Turgeon Lake gold showing.

Fact #3: Starr Peak has a 98% hit rate on drill hole targets

As of July 2021, Starr Peak has an approximately 98% hit rate on their reported drill hole targets.

Drilling began in January 2021, with top geological consulting firm Laurentia Exploration hired to launch exploration program on NewMétal property. This is the same firm that handled Amex Exploration’s exploration right next door.

Starr Peak’s initial drilling reopened historical hole 96-30-16b, allowing a geophysical borehole electromagnetic survey (BHEM) to be performed into this deep hole. Two additional historical holes (95-30-08 and 96-30-15) were also surveyed.

Results returned three anomalies along the Normetmar downdip trend in depth. The deepest and strongest anomaly is characterized by a high conductance (1000 Siemens), which is interpreted has a thick conductor or a more conductive zone. The area of high conductance (135 x 75 metres) is untested, and the geophysical BHEM survey results provide strong confidence into the drilling targets initially highlighted.

Then, on March 2021, Starr Peak (TSX:STE.V; OTC:STRPF) brought on a second drill rig to focus on high-priority BHEM anomalies.

They released surprising results from their maiden drill (more below) in the first week of May and then even higher-grade results in July—all of which has led to a large expansion of the drilling program.

Fact #4: Starr Peak encountered evidence of a type of deposit that major miners are said to be looking for

Starr Peak’s maiden drills results exceeded our expectations.

They didn’t just show gold; they encountered signs of a massive sulfide mineralization and a new discovery at depth. In other words, they found evidence of a VMS (Volcanogenic Massive Sulphide) deposit with rock containing multiple base metals, including zinc, copper, silver, and gold.

More precisely:

• Hole STE-21-08 returned 12.10 m of 20.94% Zn, 0.43% Cu, 39.58 g/t Ag and 0.21 g/t Au or 23.82% Zinc-Equivalent

• Hole STE-21-04 returned 12.30 m of 6.47% Zn, 0.22% Cu, 28.55 g/t Ag, and 0.11 g/t Au or 8.19% Zinc-Equivalent

Following reports of those results, on May 2021, Starr Peak increased its 5,000-meter drilling program to a 20,000-meter drilling program and brought on a third rig.

This exploration play looks to have picked up even more momentum with July 2021 results—the highest-grade results to date, with excellent highlights:

• Upper Zone (above 400m vertically)

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

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

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

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

• Deep Zone (below 400m vertically)

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

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

The July high-grade results extended the Deep Zone mineralized zone by at least 175 meters from a vertical depth of 680 meters to almost 850 meters. And the zone remains open in all directions.

Following the announcement of those results the company announced another drilling program expansion: from 20,000 meters to 40,000 meters.

Proving up this play could mean a brilliant diversification of strategic metals for Starr Peak. We think it would also likely put them on some big mining radar.

Fact #5: Starr Peak is Fully Funded for Drilling

Starr Peak reports it’s fully funded for drilling, with CAD$7.5 million in the bank as of July 22^nd, 2021. It’s easy enough to follow the announcements of private placement money:

• March 2020: closed first tranche of private placement for $450,000

• May 2020: closed final tranche of PP for $555,000

• August 2020: closed flow-through PP for $1,110,000

• November 2020: closed flow-through PP for $2,650,000

• June 2021: closed institutional flow-through PP for $3,756,000

• July 2021: closed institutional flow-through PP for $2,310,000

And as of July 2021, the stock has 39,245,144 Issued and Outstanding Shares.

Fact #6: Starr Peak Has an Experienced Management and Advisory Team

In April this year, Dr. Jacques Trottier, PhD, joined on as Starr Peak’s Chief Technical Advisor. Dr. Trottier is the founder and Executive Chairman of the Board of Amex Exploration. He’s also experienced in VMS-type deposits.

“I am very pleased to join the technical exploration team of Starr Peak. I am very familiar with their NewMétal polymetallic project which is located just next to Amex's Perron Gold project,” Trottier said in a statement when joining the Starr Peak team.

“Having been involved and worked on VMS-type deposits throughout my career, this project appears to be very promising. Prior to joining the advisory board, I completed an initial review of the technical data available, and I believe this project has the potential to host new additional mineralized areas similar to other significant deposits of the same type, namely the former Normetal Mine and the Normetmar showing located on this property.”

The management team also includes Yves Rougerie, PGeo, Starr Peak’s new VP of Exploration, who brings a wide range of exploration and project management experience to the table, including with VMS Cu-Zn deposits across North America.

We think this is still a quiet exploration play flying below the radar, but major miners may be watching what happens next as Starr Peak (TSX:STE.V; OTC:STRPF) digs deeper into what could be a coveted VMS deposit and works towards a potential repeat of Amex Exploration’s success—and beyond.

Resource Companies Are Booming

Sociedad Química y Minera de Chile (NYSE:SQM) has seen its stock price nearly double from $30 in mid-February 2020 to its current price of $47.23. Sociedad Química y Minera, for example, signed in December a long-term supply deal with LG Energy Solution, which in turn supplies batteries to carmakers such as Tesla and GM. Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.

The Chilean firm also announced a capital increase of up to US$1.1 billion, most of which will be used for lithium carbonate expansion in Chile, where SQM plans to more than double its production.

Sociedad Química y Minera sees the lithium industry growing at around 20 percent per year in the long term, supported by rising EV sales and emission reduction goals from China to the United States.

While Freeport-McMoRan (NYSE:FCX) is primarily known for its significant copper mining operations, the resource giant also has a fair influx of gold as well. In fact, its Grasberg mine in Indonesia holds of the world's largest deposits of copper and gold. But that’s just scratching the surface of the miner’s global assets. Freeport-McMoRan also has extensive operations across the Americas, including mines in Arizona, Mexico and Peru.

Though its business struggled as global demand for copper took a hit, panic-buying from China has lifted prices higher in recent months – and that’s good news for Freeport-McMoRan. In addition to climbing copper prices, gold prices hit record levels, which will add even more to the mining giant’s bottom line.

Freeport-McMoRan has had a solid year, with the price of its stock bouncing off a low of $5.31 back in March 2020 to a high of $36.65 today, representing a strong 590% gain for shareholders in just over a year’s time.

Gold Fields (NYSE:GFI) has catapulted itself into the global mining elite in recent years thanks to its forward-looking vision and exceptional management. Based out of Johannesburg, South Africa, Gold Fields is one of the de facto leaders in the region. With operations in South Africa, Ghana, Australia and Peru, Gold Fields is well-diversified.

In 2019, Gold Fields produced over 68 tons of the precious metal, up nearly 8% from the year before. And thanks to last year’s rally in gold prices, it produced even more, setting itself up to a great start to 2021.

Last September, Gold Fields was trading at only $5.12 per share, but thanks to its increased production, and the dramatic rise in gold prices, it’s now trading at $9.27, which means investors who held on have brought home near 100% returns – with many analysts suggesting the stock could go even higher.

It’s rare to see miners from outside of North America on the New York Stock Exchange, but Compania de Minas Buenaventura (NYSE:BVN) is an exception. Listing on the NYSE in 1996, Minas Buenaventura has clawed its way up the ranks of the global mining elite. Currently valued at $3.51 billion, the mining giant is far from its all-time highs. But it’s not down for the count just yet.

Minas Buenaventure is exposed to six different mining properties around the globe which bring in an estimated 945,000 ounces of gold every year. But that’s not all its got going for it. It is also has exposure to a number of silver mines which produce as much as 26.5 million ounces per year, and tens of thousands of metric tons of industrial metals such as zinc, lead and copper from its domestic mines.

Harmony Gold (NYSE:HMY) is another South African miner which has exploded onto the radars of investors this year. Though it’s only the third-largest miner in the country, it has made some stellar moves in the marketplace. Domestically, it has nine underground mines in the resource-rich Witwatersrand Basin and one open-pit mine in the Kraaipan Greenstone Belt. It also has a major joint-venture with Newcrest Mining in Papua New Guinea.

In 2020, Harmony raised a whopping $200 million to partially fund a key acquisition of AngloGold’s assets in its home country. The deal is expected to more-than-triple its gold production to as much as 1.8 million ounces per year.

In March of 2020, Harmony dropped to a low of $1.93 in March as a result of the wider market downturn, but it soared by 260% in a matter of months, now trading at a high of $6.95 per share before falling back to today’s price of $4 per share.

Though First Majestic Silver (NYSE:AG, TSX:FR) recently took a significant blow, as a strong dollar weighed on precious metals resulting in a poor quarterly earnings report, there’s still a lot of bullishness surrounding the stock. Adding to the negative numbers, however, was a string of highly valuable acquisitions which are likely to turn around for the metals giant in the mid-to-long-term. And it’s already beginning to pay off, with First Majestic’s stock sitting comfortably above its 5-year trading average.

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

Wheaton Precious Metals Corp. (NYSE:WPM, TSX:WPM) is a company with its hands in operations all around the world. As one of the largest ‘streaming’ companies on the planet, Wheaton has agreements with 19 operating mines and 9 projects still in development. Its unique business model allows it to leverage price increases in the precious metals sector, as well as provide a quality dividend yield for its investors.

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

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

Pan American Silver (NASDAQ:PAAS, TSX:PAAS)is a world-class mining operation with active projects in Mexico, Peru, Canada, Bolivia and Argentina. Though silver has seen better days, it is still a favorite among investors stocking up on safe haven assets.

Last year, Pan American made a major acquisition of Tahoe Resources, absorbing the company’s issued and outstanding shares. Michael Steinmann, President and Chief Executive Officer of Pan American Silver, said: "The completion of the Arrangement establishes the world's premier silver mining company with an industry-leading portfolio of assets, a robust growth profile and attractive operating margins. We are also now the largest publicly traded silver mining company by free float, offering silver mining investors enhanced scale and liquidity."

Sandstorm Gold Ltd (TSX:SSL) is a gold royalties company that follows in the footsteps of Wheaten Precious Metals, Franco-Nevada and the aforementioned Osisko Gold Royalties, giving investors a chance to cash in on this year’s gold boom while still maintaining some aversion to risk. Though it has not had quite as an impressive of a year as some of its pure-mining peers, it has still posted some moderate returns, especially considering the state of the wider resource market.

Like other gold and resource companies, Sandstorm took a hit when it saw a number of its assets temporarily halt operations to prevent the further spread of COVID-19, but it has since clawed back some of its losses, and is on track to see further gains as its operations return to normal. In addition to its upwards trajectory, it’s also sitting on a healthy balance sheet. Nolan Watson, President and CEO of Sandstorm, explained, “We're excited at Sandstorm to have a strong balance sheet, a strong portfolio, and significant growth ahead. As at this moment, we are entirely debt-free. We have $52 million in the bank. These are good times for Sandstorm and I genuinely think they'll keep getting better. “

Osisko Gold Royalties Ltd (TSX:OR) has been particularly busy this year, scrambling to make the most out of gold’s unprecedented rally. It’s made headlines with a string of deals, especially surrounding its Cariboo gold project in central British Columbia. In fact, in early October it announced multiple new high grade discoveries at the project managed by Barkerville Gold Mines, a wholly owned subsidiary of Osisko.

The success at the Cariboo project also highlights the company’s commitment to working with the community in a sustainable fashion. Just recently, it signed an agreement with the Lhtako Dene Nation to ensure the protection of the land and water near the drilling locations.

Chris Pharness, Barkerville Gold Mines VP Sustainability and External Relations of BGM noted, “It has been an honor and a privilege to be welcomed in the community and to hear the hopes and aspirations that LDN leadership and members have for their people. Our core belief as a company is based in reciprocity and the understanding that projects of this scale require mutually beneficial relationships, opportunities and outcomes to succeed. Our agreement is a key underpinning of that philosophy and an example of what respectful, honest dialogue can achieve.”

By. Charles Kennedy

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

CAREFULLY**

Forward-Looking Statements

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

DISCLAIMERS

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

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

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation.

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