Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. Importantly, Alphamin Resources Corp. (CVE:AFM) does carry debt. But the real question is whether this debt is making the company risky.

Why Does Debt Bring Risk?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. If things get really bad, the lenders can take control of the business. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. The first step when considering a company’s debt levels is to consider its cash and debt together.

View our latest analysis for Alphamin Resources

How Much Debt Does Alphamin Resources Carry?

You can click the graphic below for the historical numbers, but it shows that Alphamin Resources had US$5.96m of debt in March 2022, down from US$54.8m, one year before. However, it does have US$140.6m in cash offsetting this, leading to net cash of US$134.7m.

debt-equity-history-analysisHow Healthy Is Alphamin Resources’ Balance Sheet?

Zooming in on the latest balance sheet data, we can see that Alphamin Resources had liabilities of US$101.2m due within 12 months and liabilities of US$30.7m due beyond that. On the other hand, it had cash of US$140.6m and US$46.5m worth of receivables due within a year. So it actually has US$55.3m more liquid assets than total liabilities.

This surplus suggests that Alphamin Resources has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Simply put, the fact that Alphamin Resources has more cash than debt is arguably a good indication that it can manage its debt safely.

Better yet, Alphamin Resources grew its EBIT by 324% last year, which is an impressive improvement. That boost will make it even easier to pay down debt going forward. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Alphamin Resources’s ability to maintain a healthy balance sheet going forward. So if you’re focused on the future you can check out this free report showing analyst profit forecasts.

Finally, a company can only pay off debt with cold hard cash, not accounting profits. Alphamin Resources may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. During the last two years, Alphamin Resources produced sturdy free cash flow equating to 76% of its EBIT, about what we’d expect. This free cash flow puts the company in a good position to pay down debt, when appropriate.

Summing up

While we empathize with investors who find debt concerning, you should keep in mind that Alphamin Resources has net cash of US$134.7m, as well as more liquid assets than liabilities. And it impressed us with its EBIT growth of 324% over the last year. So is Alphamin Resources’s debt a risk? It doesn’t seem so to us. There’s no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet. For example – Alphamin Resources has 3 warning signs we think you should be aware of.

If you’re interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, June 15, 2022 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, “Alphamin”, or the “Company”) commented on the recent closure of the Bunagana border post with Uganda, located 60km north-east of Goma, the capital of the North-Kivu province of the DRC, which has been closed following recent clashes between rebels and DRC government forces in the area.

The recent closure of the Bunagana border post has no impact on the Company’s operations. All Alphamin exports cross the Aru and Mahagi border posts with Uganda which are some 1000km north of the Bunagana town and do not transit through or close to Bunagana.

FOR MORE INFORMATION, PLEASE CONTACT:

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

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

VANCOUVER, British Columbia, May 24, 2022 (GLOBE NEWSWIRE) — Rome Resources Ltd. (the “Company”) is pleased to announce that it has reached agreement in principle to acquire majority interests in two properties situated in the Walikali District of the North Kivu Province in eastern Democratic Republic of the Congo (“DRC”). The two contiguous properties adjoin the northern boundary of the tenements held by Alphamin Resources Corp. (“Alphamin”) (TSXV: AFM), and are referred to collectively as the “Bisie North Tin Project”. Alphamin’s Mpama North Mine is situated approximately 8 km south of the boundary of the Bisie North Tin Project.

The Bisie North Tin Project comprises two adjoining licences covering a total area of 38.4 km². Exploration Licence PR 13274 covers an area of 30.7 km² and is in the process of being converted into small scale mining permit PEPM 13274. Exploration Licence PR 15130 covers an area of 7.7 km², and its west and south boundaries adjoin PR 13274..

Exploration Permit 13274

The Company has agreed to acquire from Medidoc FZE (“Medidoc”) all of the issued and outstanding shares in Medidoc – RD Congo S.A.R.L.U. (“Medidoc Congo”) for CAD$2,000,000, to be paid by the issuance of 40,000,000 shares of the Company at a deemed price of CAD$0.05 per share. On closing, the Company has agreed to settle a debt of CAD$1,278,229 owing to Medidoc by Medidoc Congo by the issuance of an additional 25,564,580 shares of the Company at a deemed price of CAD$0.05 per share. The total consideration amounts to 65,564,229 shares.

Medidoc Congo holds a 72.5% interest in Exploration Permit PR 13274 (converting to PEPM 13274). The remaining 27.5% interest is held by Investissement et de Developpement Immobilier S.A.R.L (“IDI”). Medidoc Congo and IDI operate the permit under a joint venture agreement. Medidoc Congo is the operator of the joint venture.

Under the agreement, the Company has agreed to fund, to the extent of up to CAD$250,000, on-going costs associated with the maintenance of the Permit until closing. Such advances will be treated as a loan to Medidoc Congo.

Medidoc advises that exploration to date at PR 13274 by Medidoc Congo includes a soil sampling and geological mapping program with channel samples collected across mineralized structures currently being mined by artisanal miners. Soil samples were collected on lines 400m apart across the whole of PR 13274 and infill samples were collected on lines 200m apart over anomalous areas. The assay results returned a significant continuous tin-in-soil anomaly with gold, copper and zinc credits over a 4 kilometre strike length. The channel sample results reportedly returned tin values up to 1m at 11% Sn. The Company has not verified these results, and is carrying out its independent due diligence and verification investigations.

Exploration Permit PR 15130

The Company has agreed to acquire from CoTinCo Minerals Projects International LLC (“CTC”) a 65% interest in PR 15130 for CAD$1,000,000, to be paid by the issuance of 20,000,000 shares of the Company at a deemed price of CAD$0.05 per share. CTC currently holds a 70% interest in PR 15130, with the remaining 30% interest held by Palm Constellation S.A.R.L. (“Palm”). CTC and Palm operate PR 15130 under a joint venture agreement. CTC is the operator of the joint venture.

Under the agreement with CTC, the Company has agreed to fund, to the extent of up to CAD$250,000, on-going costs associated with the operation of the joint venture until closing. Such advances will be treated as a loan to the joint venture companies.

PR 15130 adjoins the north and eastern boundary of PR 13274. To the knowledge of the Company, no material exploration work has been carried out on the property.

The Company is now carrying out technical and legal due diligence on the Bisie North Tin Project, and anticipates executing a definitive agreement for each of the properties in the near future.

Closing of both transactions is subject to all requisite shareholder and securities regulatory body approvals and the satisfaction or waiver of conditions precedent typically present in transactions of this size and nature. The Company anticipates concurrent closings for the two transactions. Closing will result in the Company ceasing to be eligible for listing on NEX and the Company will apply for a listing on the TSX Venture Exchange.

The scientific and technical information contained in this news release has been reviewed and approved by Mr Stephen Alan Mawson. Mr Mawson is an Independent Contracting Geologist, with degrees in Geology from Rhodes University, South Africa (B.Sc. 1973) (M.Sc. 1983) and is a registered Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions (SACNASP Reg. No. 400074/03) and a member of the Geological Society of South Africa. Mr Mawson is a qualified person (QP) under NI 43-101.

For further information, please contact:

Dr. Georg SchnuraPresident, CEO and Director Telephone: (604) 687-6140 Email: romeresourcesltd@gmail.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 NEWS RELEASE.

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. And in their study titled Who Falls Prey to the Wolf of Wall Street?’ Leuz et. al. found that it is ‘quite common’ for investors to lose money by buying into ‘pump and dump’ schemes.

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Alphamin Resources (CVE:AFM). While that doesn’t make the shares worth buying at any price, you can’t deny that successful capitalism requires profit, eventually. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.

See our latest analysis for Alphamin Resources

How Fast Is Alphamin Resources Growing Its Earnings Per Share?

In business, though not in life, profits are a key measure of success; and share prices tend to reflect earnings per share (EPS). So like the hint of a smile on a face that I love, growing EPS generally makes me look twice. It is therefore awe-striking that Alphamin Resources’s EPS went from US$0.002 to US$0.065 in just one year. Even though that growth rate is unlikely to be repeated, that looks like a breakout improvement. Could this be a sign that the business has reached an inflection point?

Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. Alphamin Resources shareholders can take confidence from the fact that EBIT margins are up from 27% to 55%, and revenue is growing. That’s great to see, on both counts.

You can take a look at the company’s revenue and earnings growth trend, in the chart below. For finer detail, click on the image.

earnings-and-revenue-history

While profitability drives the upside, prudent investors always check the balance sheet, too.

Are Alphamin Resources Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. Because oftentimes, the purchase of stock is a sign that the buyer views it as undervalued. However, small purchases are not always indicative of conviction, and insiders don’t always get it right.

Not only did Alphamin Resources insiders refrain from selling stock during the year, but they also spent US$144k buying it. That’s nice to see, because it suggests insiders are optimistic. Zooming in, we can see that the biggest insider purchase was by Independent Director Pieter Pretorius for CA$90k worth of shares, at about CA$0.65 per share.

I do like that insiders have been buying shares in Alphamin Resources, but there is more evidence of shareholder friendly management. Specifically, the CEO is paid quite reasonably for a company of this size. For companies with market capitalizations between US$400m and US$1.6b, like Alphamin Resources, the median CEO pay is around US$1.5m.

The Alphamin Resources CEO received US$882k in compensation for the year ending . That seems pretty reasonable, especially given its below the median for similar sized companies. While the level of CEO compensation isn’t a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I’d also argue reasonable pay levels attest to good decision making more generally.

Does Alphamin Resources Deserve A Spot On Your Watchlist?

Alphamin Resources’s earnings per share growth have been levitating higher, like a mountain goat scaling the Alps. Better yet, we can observe insider buying and the chief executive pay looks reasonable. It could be that Alphamin Resources is at an inflection point, given the EPS growth. If so, then it the potential for further gains probably merit a spot on your watchlist. We should say that we’ve discovered 3 warning signs for Alphamin Resources that you should be aware of before investing here.

The good news is that Alphamin Resources is not the only growth stock with insider buying. Here’s a list of them… with insider buying in the last three months!

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

VANCOUVER, BC, April 26, 2022 /CNW/ – The following issues have been halted by IIROC:

Company: Alphamin Resources Corp.

TSX-Venture Symbol: AFM

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 9:25 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Cision

View original content: http://www.newswire.ca/en/releases/archive/April2022/26/c1843.html

MAURITIUS, Jan. 11, 2022 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following update for the quarter ended December 2021:

  • Contained tin production up 10% from the prior quarter to 3,114 tons

  • Contained tin sales up 13% from the prior quarter to 3,056 tons

  • Record Q4 EBITDA4 guidance of US$74m, up 38% from prior quarter actual

  • Net cash position increases to US$68m

  • FY2021 dividend of CAD$0.03 per share declared

Operational and Financial Summary for the Quarter ended December 20212

1Data obtained from International Tin Association Tin Industry Review Update 2021 2Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 3Q4 2021 EBITDA represents management’s guidance. 4This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

Operational and Financial Performance

Contained tin production of 3,114 tons is 10% above the previous quarter. Improved underground mining practices relating to stope planning, delineation and blasting resulted in better grade control with an average tin grade of 3,8% processed during the five months ended December 2021. Waste development is now well ahead of current mining areas providing flexibility in blending high- and low-grade areas for a more consistent grade profile.

Contained tin sales of 3,056 tons increased 13% from the prior quarter.

EBITDA guidance of US$74m for Q4 2021 is estimated to be 38% higher than the actual EBITDA for the previous quarter of US$53,7m as a result of increased tin production and sales volumes, together with a higher average tin price achieved of US$38,084/t (Current tin price: ~US$39,000/t).

The Group Net Cash position as at 31 December 2021 increased by US$67m from the prior quarter.

Contained tin production guidance for the financial year ending December 2022 is 12,000 tons.

The mineral resource estimation exercise for the Mpama South deposit commenced in December 2021. Drilling activities continue with six rigs on-site and the next large batch of external assay results is expected during January 2022.

Alphamin’s audited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter and year ended 31 December 2021 are expected to be released on or about 7 March 2022.

FY2021 Dividend Declared

Alphamin’s vision is to become one of the world’s largest sustainable tin producers. From a capital allocation perspective, the Board considers the combination of significant exploration, investment in growth and a high dividend yield a robust value proposition. Dividend distributions will be considered based on excess free cash after taking account of working capital requirements, reserve contingencies and expansion opportunities.

On this basis, the Board resolved to declare a FY2021 CAD$0.03 per share cash dividend on the common shares (approximately US$30m in the aggregate) (“the Dividend”). The Dividend will be payable on 11 February, 2022 to shareholders of record as of the close of business on 4 February, 2022.

Qualified Person

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company._________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

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

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to expected EBITDA guidance for Q4 2021 and contained tin production guidance for the financial year ending December 31, 2022. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties regarding estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterupted access to required infrastructure and third party service providers, adverse political events, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties, impacts of the global Covid-19 pandemic on mining operations and commodity prices as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

NET CASH

Net cash is defined as cash and cash equivalents less total current and non-current portions of interest-bearing debt and lease liabilities.

MAURITIUS, Dec. 23, 2021 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to announce that its 84,14% owned operating subsidiary, Alphamin Bisie Mining SA (“ABM”), has completed a distribution to shareholders of US$35m. The Company has received approximately US$29.5m of this distribution.

In addition, as a result of recent exercises of share purchase warrants issued by the Company in April 2019 and which expire on April 8, 2022, the Company has now received aggregate proceeds of approximately CDN$20.2 million from the exercise of such warrants. The warrants are exercisable at a price of CDN$0.30 per share and if all remaining outstanding warrants are exercised prior to expiry, proceeds of an additional approximate CDN$2.8 million would be received.

The current consolidated Alphamin cash position is approximately US$83 million. The Company will assess the group cash position at financial year-end December 2021 with a view to balancing capital allocations between growth initiatives, ABM 2021 corporate taxes due April 2022 and a maiden Alphamin dividend.

__________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

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

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to the expected future exercise of warrants and the receipt of cash proceeds therefrom and the potential for a maiden dividend. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties associated with Alphamin’s resource and reserve estimates, uncertainties regarding estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterupted access to required infrastructure and third party service providers, adverse political events, impacts of the global Covid-19 pandemic on mining operations and commodity prices as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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

1Data obtained from International Tin Association Tin Industry Review 2020

Alphamin Resources' (CVE:AFM) stock is up by a considerable 22% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Alphamin Resources' ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

View our latest analysis for Alphamin Resources

How Is ROE Calculated?

Return on equity 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 Alphamin Resources is:

15% = US$36m ÷ US$245m (Based on the trailing twelve months to September 2021).

The 'return' is the yearly profit. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.15 in profit.

What Is The Relationship Between ROE And Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. 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. 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.

A Side By Side comparison of Alphamin Resources' Earnings Growth And 15% ROE

To begin with, Alphamin Resources seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 15%. This certainly adds some context to Alphamin Resources' exceptional 57% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as – high earnings retention or an efficient management in place.

We then compared Alphamin Resources' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 29% in the same period.

past-earnings-growth

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Alphamin Resources''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Alphamin Resources Using Its Retained Earnings Effectively?

Given that Alphamin Resources doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.

Conclusion

In total, we are pretty happy with Alphamin Resources' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Like a puppy chasing its tail, some new investors often chase ‘the next big thing’, even if that means buying ‘story stocks’ without revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, ‘Long shots almost never pay off.’

In contrast to all that, I prefer to spend time on companies like Alphamin Resources (CVE:AFM), which has not only revenues, but also profits. Now, I’m not saying that the stock is necessarily undervalued today; but I can’t shake an appreciation for the profitability of the business itself. Loss-making companies are always racing against time to reach financial sustainability, but time is often a friend of the profitable company, especially if it is growing.

View our latest analysis for Alphamin Resources
How Fast Is Alphamin Resources Growing Its Earnings Per Share?

In a capitalist society capital chases profits, and that means share prices tend rise with earnings per share (EPS). So like the hint of a smile on a face that I love, growing EPS generally makes me look twice. You can imagine, then, that it almost knocked my socks off when I realized that Alphamin Resources grew its EPS from US$0.0059 to US$0.021, in one short year. When you see earnings grow that quickly, it often means good things ahead for the company. But the key is discerning whether something profound has changed, or if this is a just a one-off boost.

I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Alphamin Resources shareholders can take confidence from the fact that EBIT margins are up from 12% to 41%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.

You can take a look at the company’s revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart.
“earnings-and-revenue-history”
earnings-and-revenue-history

While profitability drives the upside, prudent investors always check the balance sheet, too.
Are Alphamin Resources Insiders Aligned With All Shareholders?

As a general rule, I think it worth considering how much the CEO is paid, since unreasonably high rates could be considered against the interests of shareholders. For companies with market capitalizations between US$400m and US$1.6b, like Alphamin Resources, the median CEO pay is around US$1.1m.

The Alphamin Resources CEO received US$882k in compensation for the year ending . That seems pretty reasonable, especially given its below the median for similar sized companies. CEO compensation is hardly the most important aspect of a company to consider, but when its reasonable that does give me a little more confidence that leadership are looking out for shareholder interests. I’d also argue reasonable pay levels attest to good decision making more generally.
Should You Add Alphamin Resources To Your Watchlist?

Alphamin Resources’s earnings have taken off like any random crypto-currency did, back in 2017. With rocketing profits, its seems likely the business has a rosy future; and it may have hit an inflection point. Meanwhile, the very reasonable CEO pay reassures me a little, since it points to an absence profligacy. So Alphamin Resources looks like it could be a good quality growth stock, at first glance. That’s worth watching. Don’t forget that there may still be risks. For instance, we’ve identified 2 warning signs for Alphamin Resources that you should be aware of.

Although Alphamin Resources certainly looks good to me, I would like it more if insiders were buying up shares. If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you’re looking for.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

Given this risk, we thought we'd take a look at whether Venture Minerals (ASX:VMS) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Venture Minerals

Does Venture Minerals Have A Long Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at June 2021, Venture Minerals had cash of AU$9.5m and no debt. Looking at the last year, the company burnt through AU$11m. Therefore, from June 2021 it had roughly 10 months of cash runway. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. Importantly, if we extrapolate recent cash burn trends, the cash runway would be noticeably longer. The image below shows how its cash balance has been changing over the last few years.

debt-equity-history-analysisdebt-equity-history-analysis
debt-equity-history-analysis

How Is Venture Minerals' Cash Burn Changing Over Time?

Whilst it's great to see that Venture Minerals has already begun generating revenue from operations, last year it only produced AU$6.2k, so we don't think it is generating significant revenue, at this point. Therefore, for the purposes of this analysis we'll focus on how the cash burn is tracking. The skyrocketing cash burn up 185% year on year certainly tests our nerves. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Admittedly, we're a bit cautious of Venture Minerals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Venture Minerals Raise More Cash Easily?

Since its cash burn is moving in the wrong direction, Venture Minerals shareholders may wish to think ahead to when the company may need to raise more cash. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Venture Minerals' cash burn of AU$11m is about 17% of its AU$66m market capitalisation. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.

Is Venture Minerals' Cash Burn A Worry?

On this analysis of Venture Minerals' cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Looking at the factors mentioned in this short report, we do think that its cash burn is a bit risky, and it does make us slightly nervous about the stock. Separately, we looked at different risks affecting the company and spotted 6 warning signs for Venture Minerals (of which 2 shouldn't be ignored!) you should know about.

Of course Venture Minerals may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

Mosaic (MOS) closed at $42.17 in the latest trading session, marking a -0.71% move from the prior day. This change lagged the S&P 500's daily gain of 0.3%.

Prior to today's trading, shares of the fertilizer maker had gained 28% over the past month. This has outpaced the Basic Materials sector's gain of 7.79% and the S&P 500's gain of 4.28% in that time.

MOS will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2021. The company is expected to report EPS of $1.63, up 608.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.83 billion, up 60.82% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $12.48 billion, which would represent changes of +490.59% and +43.77%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for MOS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.14% higher within the past month. MOS is currently a Zacks Rank #2 (Buy).

In terms of valuation, MOS is currently trading at a Forward P/E ratio of 8.47. This represents a discount compared to its industry's average Forward P/E of 14.81.

It is also worth noting that MOS currently has a PEG ratio of 1.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Fertilizers stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.

The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.

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

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
The Mosaic Company (MOS) : Free Stock Analysis Report
 
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Zacks Investment Research

VANCOUVER, British Columbia, Oct. 19, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces a non-brokered private placement (the “Placement”) of up to 4,000,000 units (the Units”) at a price of $0.125 per Unit for total gross proceeds of up to $500,000 to fund drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Each Unit will consist of one common share of the Company and one half of one non-transferable share purchase warrant. Each whole warrant (a “Warrant”) will be exercisable to purchase one additional common share of the Company at a price of $0.20 during the first year, increasing to $0.25 in year two following the closing of the offering.

The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.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 news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We note that Gem Diamonds Limited (LON:GEMD) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.

When Is Debt A Problem?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, plenty of companies use debt to fund growth, without any negative consequences. The first step when considering a company's debt levels is to consider its cash and debt together.

View our latest analysis for Gem Diamonds

How Much Debt Does Gem Diamonds Carry?

The image below, which you can click on for greater detail, shows that Gem Diamonds had debt of US$14.7m at the end of June 2021, a reduction from US$23.6m over a year. But it also has US$33.9m in cash to offset that, meaning it has US$19.2m net cash.

debt-equity-history-analysisdebt-equity-history-analysis
debt-equity-history-analysis

A Look At Gem Diamonds' Liabilities

We can see from the most recent balance sheet that Gem Diamonds had liabilities of US$43.1m falling due within a year, and liabilities of US$112.0m due beyond that. Offsetting these obligations, it had cash of US$33.9m as well as receivables valued at US$6.55m due within 12 months. So its liabilities total US$114.6m more than the combination of its cash and short-term receivables.

This is a mountain of leverage relative to its market capitalization of US$116.4m. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution. Despite its noteworthy liabilities, Gem Diamonds boasts net cash, so it's fair to say it does not have a heavy debt load!

Even more impressive was the fact that Gem Diamonds grew its EBIT by 406% over twelve months. If maintained that growth will make the debt even more manageable in the years ahead. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Gem Diamonds's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. Gem Diamonds may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. In the last three years, Gem Diamonds created free cash flow amounting to 4.2% of its EBIT, an uninspiring performance. That limp level of cash conversion undermines its ability to manage and pay down debt.

Summing up

Although Gem Diamonds's balance sheet isn't particularly strong, due to the total liabilities, it is clearly positive to see that it has net cash of US$19.2m. And it impressed us with its EBIT growth of 406% over the last year. So we don't have any problem with Gem Diamonds's use of debt. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet – far from it. Be aware that Gem Diamonds is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored…

When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

Vancouver, British Columbia–(Newsfile Corp. – October 18, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOLF) (the "Company" or "Contact Gold") is pleased to announce a non-brokered private placement (the "Offering") of up to 60,000,000 units ("Units") at a price of $0.05 per Unit (the "Offering Price") for gross proceeds of up to $3,000,000.

Each Unit will consist of one common share of the Company (a "Common Share") and one half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"), with each Warrant entitling the holder to purchase an additional Common Share at a price of $0.075 per share for a period of 24 months from the closing date (the "Expiry Date"). In the event that at any time between four months and one day following the closing date and the Expiry Date, the Common Shares trade on the TSX Venture Exchange (the "TSXV") at a closing price which is equal to or greater than $0.15 for a period of ten consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date such notice is provided.

The net proceeds of the Offering are expected to be used to undertake further drilling at Contact Gold's Green Springs gold project & continued exploration at the Pony Creek gold project each located in Nevada, and for general working capital purposes.

The securities issued pursuant to the Offering will be subject to a four month and one day statutory hold period in Canada. Completion of the Offering is subject to the receipt of all necessary approvals, including the conditional approval of the TSXV.

Certain persons may be eligible to receive finder fees, payable in cash, representing up to 6% of the proceeds placed by such finders, in connection with the Offering.

Closing of the Offering is expected to occur on or about November 17, 2021, and remains subject to the final approval of the TSXV.

The offered securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold to, or for the account or benefit of, any person in the United States or any "U.S person", as such term is defined in Regulation S under the Securities Act, absent registration or an applicable exemption from registration requirements. Offers and sales in the United States will be limited to institutional accredited investor. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Contact Gold Corp.

Contact Gold is an exploration company focused on making district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are on the prolific Carlin and Cortez gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 140 km2 of target rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage.

Additional information about the Company is available at www.contactgold.com.
For more information, please contact: +1 (604) 449-3361
John Glanville – Director Investor Relations
Jack Trembath – Manager, Investor Relations
E-mail: info@ContactGold.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to the Offering generally, the anticipated closing and successful completion of the Offering, the use of proceeds therefrom, receipt of applicable regulatory approvals including TSXV conditional approval, and proposed exploration activities of the Company on the Green Springs and Pony Creek properties and the results thereof.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, fluctuations in general macroeconomic conditions; receipt of applicable regulatory approvals including TSXV conditional approval of the Offering; availability of financing; business integration risks; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99995

Vancouver, British Columbia–(Newsfile Corp. – October 18, 2021) – Lara Exploration Ltd. (TSXV: LRA) is pleased to report that widespread significant copper and silver mineralisation has been outlined by Valor Resources Ltd. (ASX: VAL) at the Picha Project in Southern Peru. Lara holds a 2% NSR royalty on any precious metals produced and a 1% NSR on copper and any other metals produced from the property.

Valor reported on October 11, 2021 that it has a program of surface mapping and sampling underway, with 144 sample results received and a further 150 expected in the coming weeks, from three target areas: Cobremani, Maricate and Cumbre Coya. Highlights from the sample results received to date include:

  • 35.6m long channel sample averaging 1.3% Cu and 22.85g/t Ag at Cobremani;

  • 10m long channel sample averaging 1.09% Cu and 6.36g/t Ag at Cobremani;

  • Several samples >1% Cu and up to 13.4% Cu at the Maricate target area;

  • High-grade copper mineralization at Maricate over 1km in extent

Valor notes in its release that upon completion of the current field program, ground geophysics and drilling is planned as follow-up.

Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this news release.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

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

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99696

Vancouver, British Columbia–(Newsfile Corp. – October 8, 2021) – Playfair's (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) extensive drill program on its large (201 square kilometers) 100% RKV Copper Project in South Central Norway has successfully completed four short holes totaling 154.6 metres to test the Rødalen target identified by using a combination of Artificial Intelligence (CARDS) and Mobile Metal Ion (MMI) geochemistry. The drill is now being moved to Storboren, the second of seven targets to be tested.

Local geological supervision is provided by Promin (a Trondheim-based consultancy). All four holes intersected a previously unknown amphibolite unit containing sulphides, including narrow widths of massive sulphides at the contact with the quartz-mica-schist country rock at Rødalen. Copper mineralization at the nearby historic mines of Røstvangen and Kvikne is closely associated with amphibolite.

Figure 1: NQ drillcore with sulphides in first hole at Rødalen

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair1.jpg

Figure 2: NQ drillcore with sulphides in first hole at Rødalen

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair2.jpg

Samples are being cut and prepared for analysis. Playfair will consider future exploration at Rødalen once analytical results have been received.

The man portable drill team is being supervised by Canadian drillers (No Limit Diamond Drilling) for Arctic Drilling (based in Finnmark). Local "Muskelgutta" (Muscle Guys) have risen to the challenge of moving the man portable drill. Local community support is greatly appreciated.

Figure 3: "Muskelgutta": Olav Pedersen, Thomas Løkken, Glenn Tonning Ryn, Marius Wagenius and Magnus Kveberg

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair3.jpg

Figure 4: "Muskelgutta": Olav Pedersen, Thomas Løkken, Glenn Tonning Ryn, Marius Wagenius and Magnus Kveberg

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/7302/98944_playfair4.jpg

In keeping with Playfair's intent to minimise the impact of its exploration on the natural environment Playfair is using a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Although lightweight the drill is capable of drilling to 150m depth using BQ sized rods (36.5 mm or 1.437 inches core diameter) and to 100m depth using NQ sized rods (47.8mm or 1.872 inches core diameter).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu.

A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu, "Are likely to be associated with weathering copper sulphides."


RKV Project, Norway – 2021 Planned Drill Areas

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7302/98944_ec4d4cb424626bea_006full.jpg

RKV Copper Project, Norway – Drill Targets

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7302/98944_ec4d4cb424626bea_007full.jpg

Overall management and execution of Playfair's RKV drilling program is provided by Ronacher McKenzie Geoscience Inc., an independent consulting group, who, as part of their supervision, will ensure that appropriate quality assurance/quality control (QA/QC) protocols are in place. RMG follows the Canadian Institute of Mining, Metallurgy and Petroleum's (CIM) Best Practices.

In Norway, Reidar Gaupås, Playfair's representative, continues to assist Playfair within the local community and enhance Playfair's profile in Norway.

Promin AS, a Trondheim-based consultancy with extensive experience in the Norwegian Mining industry, provides logistical support and experienced geologists. Helge Rushfeldt has assisted greatly in the start-up of the drill program. Kjell Nilsen, one of Norway's most experienced field geologists who discovered Nussir, Norway's largest known copper deposit, and Jonas Dombrowski are directly supervising the drilling, core logging and analysis.

Arctic Drilling AS, a Norwegian drilling company based in Kautokeino, will carry out the drilling assisted by Canadian drillers (No Limit Diamond Drilling) who are familiar with the man portable drill and will train Arctic Drilling personnel in the operation of this drill.

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek using their proprietary Computer Aided Resources Detection System (CARDS).

The seven drill targets were previously described: Storboren (November 07, 2019, and December 05, 2019, News Releases), Sæterfjellet, (January 06, 2021, News Release), Kletten North and Kletten South (January 28, 2021, News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021, News Release) and Rødalen (March 11, 2021, News Release).

A presentation on the drilling plans can be found at this direct link or on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98944

Freeport-McMoRan (FCX) closed the most recent trading day at $32.20, moving -1.56% from the previous trading session. This change lagged the S&P 500's 1.05% gain on the day.

Prior to today's trading, shares of the mining company had lost 9.49% over the past month. This has lagged the Basic Materials sector's loss of 8.25% and the S&P 500's loss of 5.07% in that time.

FCX will be looking to display strength as it nears its next earnings release. On that day, FCX is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 186.21%. Meanwhile, our latest consensus estimate is calling for revenue of $6.17 billion, up 60.3% from the prior-year quarter.

FCX's full-year Zacks Consensus Estimates are calling for earnings of $2.97 per share and revenue of $23.04 billion. These results would represent year-over-year changes of +450% and +62.27%, respectively.

It is also important to note the recent changes to analyst estimates for FCX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.42% higher. FCX is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, FCX currently has a Forward P/E ratio of 11.02. This valuation marks a discount compared to its industry's average Forward P/E of 12.39.

It is also worth noting that FCX currently has a PEG ratio of 0.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining – Non Ferrous industry currently had an average PEG ratio of 0.55 as of yesterday's close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow FCX in the coming trading sessions, be sure to utilize Zacks.com.

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GRAND BAIE, Mauritius, Oct. 04, 2021 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following operational and exploration update for the quarter ended September 2021:

  • Record Q3 EBITDA guidance of US$53m, up 56% from prior quarter

  • Contained tin production up 17% from the prior quarter to 2,832 tons

  • Net debt-free at 30 September 2021 (Net debt 30 June 2021: US$29.5m)

  • Mpama South drilling continues to intercept significant visual mineralisation

Operational and Financial Summary for the Quarter ended September 20212

Description

Units

Actual

Quarter
ended
September
2021

Quarter
ended June
2021

Change

Tons Processed

Tons

108,901

105,294

3%

Tin Grade Processed

% Sn

3.5

3.2

8%

Overall Plant Recovery

%

75.2

71.5

5%

Contained Tin Produced

Tons

2,832

2,412

17%

Contained Tin Sold

Tons

2,710

2,404

13%

EBITDA (Q3 2021 guidance)3

US$'000

53,000

34,077

56%

Net Cash / (Net Debt)

US$'000

1,036

(29,506)

-104%

Tin Price Achieved

US$/t

33,863

28,326

20%

__________________________
1Data obtained from International Tin Association Tin Industry Review 2020. 2Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 3Q3 2021 EBITDA represents management’s guidance. All numbers are rounded.

Operational and Financial Performance

Contained tin production of 2,832 tons is 17% above the previous quarter. Underground mining practices relating to stope planning, delineation and blasting were significantly improved from mid July 2021. This resulted in an average tin grade of 3.8% processed during August and September 2021 with an average of 3.5% for the quarter. In addition to improved grade control, run-of-mine volumes and waste development increased by 5% quarter-on-quarter.

The benefit of the newly commissioned Fine Tin Plant increased overall processing recoveries by 5% to 75%.

EBITDA guidance of US$53m for Q3 2021 is 56% higher than the previous quarter’s actual as a result of increased tin production and sales volumes, together with a higher tin price.

The Company moved to a net cash position at 30 September 2021 compared to a net debt position of US$29.5m the previous quarter. Our intention is to fully settle the outstanding senior loan of US$36m during October 2021. The Board will establish an appropriate treasury strategy during Q4 2021 with the objective of balancing capital allocations between ongoing exploration drilling, the potential fast-track development of the Mpama South deposit and shareholder distributions.

Alphamin’s unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 September 2021 is expected to be released on or around 10 November 2021.

Exploration Activities

Three phases of drilling comprising 16,040m (64 holes) have been completed on the Mpama South deposit since December 2020. Independent laboratory assay results have been released to the market for 39 holes. An additional 21 drill hole assay results are expected to be released to the market during October 2021. Phases 1 and 2 and the recently completed Phase 3 have exceeded expectations with both strike and depth continuation of significant visually observed mineralised cassiterite lodes. A fast-tracked Phase 4 drilling program of 8,000m has commenced in mid-September. This program includes an additional third drill rig and is targeting completion by year end 2021. Drilling comprising 18,500m is intended to form the basis of a Maiden Mineral Resource estimate, which is expected to be announced by year end 2021.

Drilling at the Mpama North orebody commenced in July 2021 for an initial 15,000 metre (22 hole) drilling campaign to test the strike and dip extension of the current producing orebody. The first deep holes aggressively targeted as far as 225m further along strike and 200m deeper than the deepest historical drilling. Thickening of the various lithologies in the hanging wall, increased structural intricacy, and hole deviation at depth, delivered mixed results. While tell-tale altered and cassiterite mineralised lithologies were intercepted, they were not to the levels associated with the ore horizon currently being mined. Drilling activities are now focusing on extensions closer to previous higher-grade intercepts of the Mpama North orebody and will work outwards from there along strike and at depth.

In addition to Mpama North and Mpama South, drilling on the highly prospective Bisie ridge (13km strike length), which falls within the Company’s mining licence, is expected to commence on delivery of additional drill rigs. An extensive tight-spaced soil sampling program along the ridge has been on-going since Q1 2021 to assist new target generation. New pathfinder elements such as uranium and tungsten, in addition to previously known elements, appear strongly correlated to outcrop and artisanal workings at Mpama North and Mpama South. In conjunction with this exercise, the Company’s structural specialists, TECT Geological Consulting, identified several high potential drill targets less than 8km from the current operating mine which match and are co-incident with the soil sampling results.

Qualified Persons

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company.

Mr. Jeremy Witley, Pr. Sci. Nat., B.Sc. (Hons.) Mining Geology, M.Sc. (Eng.), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the exploration information contained in this news release. He is a Principal Mineral Resource Consultant of The MSA Group (Pty.) Ltd., an independent technical consultant to the Company.
__________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith
CEO
Alphamin Resources Corp.
Tel: +230 269 4166

E-mail: msmith@alphaminresources.com

__________________________

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to the timing of the release of independent assay results from exploration drilling; the intention to pay off in full outstanding senior debt; the future allocation of surplus cash; expected future EBITDA for Q3 2021 and the timing and success of exploration drilling outcomes. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties associated with Alphamin’s resource and reserve estimates, uncertainties and risks regarding the economic viability of the Mpama South deposit prior to the release of a maiden resource and completion of feasibility studies, uncertainties regarding estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterrupted access to required infrastructure and third party service providers, adverse political events, impacts of the global Covid-19 pandemic on mining operations and commodity prices as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

NET DEBT AND NET CASH

Net debt is defined as total current and non-current portions of interest-bearing debt and lease liabilities less cash and cash equivalents. Net cash is defined as cash and cash equivalents less total current and non-current portions of interest-bearing debt and lease liabilities.

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces that its Board of Directors has granted an aggregate 100,000 stock options to Rachel Goldman, a recently appointed director of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.61 CAD per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and is currently the Chief Executive Officer at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957 tasfour@redpineexp.com

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Lundin Mining Corporation logo (CNW Group/Lundin Mining Corporation)
Lundin Mining Corporation logo (CNW Group/Lundin Mining Corporation)

TORONTO, Sept. 30, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

The number of issued and outstanding shares of the Company has decreased by 921,491 to 735,475,804 common shares with voting rights as at September 30, 2021. The decrease in the number of issued and outstanding shares from September 1, 2021 to date is a result of the Company purchasing share under the existing normal course issuer bid (the "NCIB"), partially offset by the exercise of employee stock options or the vesting of employee share units. All shares purchased under the NCIB were cancelled.

About Lundin Mining

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

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on September 30, 2021 at 17:00 Eastern Time.

Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)
Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

CisionCision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/30/c2285.html

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Alphamin Resources' (CVE:AFM) returns on capital, so let's have a look.

Return On Capital Employed (ROCE): What is it?

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. Analysts use this formula to calculate it for Alphamin Resources:

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

0.29 = US$76m ÷ (US$334m – US$69m) (Based on the trailing twelve months to June 2021).

Thus, Alphamin Resources has an ROCE of 29%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 2.8%.

Check out our latest analysis for Alphamin Resources

roceroce
roce

In the above chart we have measured Alphamin Resources' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Alphamin Resources.

So How Is Alphamin Resources' ROCE Trending?

The fact that Alphamin Resources is now generating some pre-tax profits from its prior investments is very encouraging. About five years ago the company was generating losses but things have turned around because it's now earning 29% on its capital. In addition to that, Alphamin Resources is employing 264% more capital than previously which is expected of a company that's trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. Effectively this means that suppliers or short-term creditors are now funding 21% of the business, which is more than it was five years ago. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.

The Bottom Line

To the delight of most shareholders, Alphamin Resources has now broken into profitability. And a remarkable 198% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.

Like most companies, Alphamin Resources does come with some risks, and we've found 1 warning sign that you should be aware of.

High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

Vancouver, British Columbia–(Newsfile Corp. – September 27, 2021) – Playfair's (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) NQ core drilling program on its large (201 square kilometers) 100% owned RKV Copper Project in South Central Norway is in progress at the Rødalen high copper MMI anomaly, the first of seven drill targets delineated by Playfair in five areas. Drill Notifications have been made and approved for 38 initial drillholes and up to 122 additional holes dependent on results.

Don Moore, CEO of Playfair, comments, "It's a long and winding road to discovery. After over two years of methodical exploration using modern methods in an almost 400-year-old under-explored mining district Playfair has defined seven high priority drill targets in five areas. We have now started our drill program to test these compelling targets."

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7302/97680_6f2c1f3ea4bcca39_002full.jpg

Figure 2

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7302/97680_6f2c1f3ea4bcca39_003full.jpg

In keeping with Playfair's intent to minimise the impact of its exploration on the natural environment Playfair is using a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Although lightweight the drill is capable of drilling to 150m depth using BQ sized rods (36.5 mm or 1.437 inches core diameter) and to 100m depth using NQ sized rods (47.8mm or 1.872 inches core diameter).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu.

A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu "are likely to be associated with weathering copper sulphides."

The Rødalen drill target is less than 350 metres east of the former Rødalen Mine. The large anomaly is open to the North and extends over an area 300m long by up to 100m wide. The highest MMI copper value is 14,700ppb, 108 times the background value of 136.5 ppb. There is no record of previous exploration in the immediate vicinity of the anomaly.

The Norwegian Geological Survey (NGU) reports:

"The Rødalen deposit was mined in the period between 1750 to 1810, with further exploration until 1918. About 40,000 tonnes of copper-rich ore was produced. The deposit is hosted by quartzite and thin horizons of amphibolite in generally calcareous biotite mica schist of the Gula group. The mineralization is totally covered by waste, but old reports describe the ore as 1-2 m wide ore zones rich in chalcopyrite and zones of massive pyrite and pyrrhotite."

NGU further reports that samples taken from the dump by NGU geologists contained up to 1.81% copper and 0.96 gpt gold.

Overall management and execution of Playfair's RKV drilling program is provided by Ronacher McKenzie Geoscience Inc., an independent consulting group, who, as part of their supervision, will ensure that appropriate quality assurance/quality control (QA/QC) protocols are in place. RMG follows the Canadian Institute of Mining, Metallurgy and Petroleum's (CIM) Best Practices.

In Norway, Reidar Gaupås, Playfair's representative, has and continues to assist Playfair within the local community and enhance Playfair's profile in Norway.

Promin AS, a Trondheim-based consultancy with extensive experience in the Norwegian Mining industry provides logistical support and experienced geologists. Helge Rushfeldt has greatly assisted in the start-up of the drill program. Kjell Nilsen, one of Norway's most experienced field geologists who discovered Nussir, Norway's largest known copper deposit and Jonas Dombrowski will directly supervise the drilling, core logging and analysis.

Arctic Drilling AS, a Norwegian drilling company based in Kautokeino will carry out the drilling assisted by Canadian drillers familiar with the man portable drill who will train Arctic Drilling personnel in the operation of this drill. The two Canadian drillers are onsite following Covid Quarantine on their initial arrival in Norway.

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek (TSXV: WIN) (OTCQB: WINKF) using their proprietary Computer Aided Resources Detection System (CARDS).

The seven drill targets were previously described: Storboren (November 07, 2019, and December 05, 2019, News Releases), Sæterfjellet, (January 06, 2021, News Release), Kletten North and Kletten South (January 28, 2021, News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021, News Release) and Rødalen (March 11, 2021, News Release).

A presentation on the drilling plans can be found at this direct link or on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97680

Vancouver, British Columbia–(Newsfile Corp. – September 15, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOLF) (the "Company" or "Contact Gold") is pleased to announce the discovery of gold mineralization at the Pilot Shale / Guilmette Limestone contact beneath the historic Mine Trend at the Green Springs Gold Project, Nevada. Hole GS 21-22 returned 0.7 g/t Au over 16.7 metres; the best intercept from this deeper host horizon to date beneath the Mine Trend.

The discovery of a significant thickness and grade of gold mineralization in the Pilot Shale beneath the 3 km Mine Trend (drillholes GS 21-22 and 21-55) is proof of concept that the host horizon has been underexplored at Green Springs where prior explorers focused on the overlying "stacked" host horizon in the lower Chainman shale. These holes provide significant proof of concept for Alligator Ridge style of mineralization beneath the historic Mine Trend; a key end member of Carlin Type gold deposits in eastern Nevada; and open up the rest of the Mine Trend for further discoveries in undrilled areas, punctuating a successful 2021 drill program that delivered two new gold discoveries at the outcropping Tango (see news release June 15, 2021) and X-Ray (see news release June 28, 2021) targets.

Highlights:

Northern Mine Trend:

  • 0.70 g/t Au over 16.76 m in drill hole GS 21-22, from a depth of 224m:

    • Hosted within the lower Pilot Shale above the Guilmette Limestone contact – the host to Gold Standard Venture's Pinion, and Kinross' Alligator Ridge and Saga mining sites (all +1 Moz deposits) to the north of Green Springs.

    • Intersected in a 900 metre gap in drilling in the Mine Trend, gold mineralization is open both north and south.

    • There are no drill tests of the Pilot Shale/Guilmette limestone host horizon beneath the Mine Trend to the north of hole GS 21-22 in the 400 metres to the Bravo Zone, and only one test (GS 21-58) for 500 metres south of GS 21-22 towards the Charlie Pit.

  • 0.44 g/t Au over 3.05 metres in hole GS 21-55, from a depth of 152 metres.

    • Drilled in a 650 metre gap of drilling on the Mine Trend between the two past producing pits.

    • Hosted in the Pilot/Guilmette horizon, providing further justification for the exploration potential at this underexplored, slightly deeper gold host at Green Springs.

    • There are no drill tests of the Pilot Shale/Guilmette Limestone host horizon beneath the Mine Trend to the north for 500 metres to the Charlie Pit, and for 150 metres south to the Delta Pit.

Southern Mine Trend:

  • Seven Holes were completed south of the 2020 discovery hole (see news release November 23, 2020) on the southern end of the Mine Trend.

    • All holes encountered variably oxidized gold mineralization at the Chainman Shale / Joana Limestone host horizon.

      • 0.25 g/t oxide Au over 13.72 m in drill hole GS 21-10.

    • Extends gold mineralization 250 metres south of the previously identified high-grade, oxidized gold mineralization at the Echo Zone.

  • The Mine Trend remains completely open for further exploration to the south.

  • Intercepting variably oxidized gold mineralization in all 7 holes south of the previous Mine Trend extent justifies further drilling in that direction where cross faults that provide structural preparation for higher grades to develop are mapped by geology and geophysics.

"The team's delivery of an ore-grade intercept from the Pilot/Guilmette contact in two very large gaps in drilling that reached Guilmette beneath the Mine Trend has further validated our target concept. The Pinion and Alligator Ridge deposits demonstrate that this host horizon is capable of hosting plus one-million-ounce gold deposits. We also know that drilling deeper for the next host horizon down in and near existing mines and deposits has worked over and over again in Nevada. Coming on the heels of two undisputable new discoveries at Tango and X-Ray in the first half of 2021, I couldn't be more pleased with these encouraging intercepts from beneath the Mine Trend. It is a great accomplishment by our exploration team and speaks to both the prospectivity of the project and the rigorous targeting approach employed by Contact," said Matt Lennox-King, President & CEO of Contact Gold. "In Q4, we look forward to following up on all four of the gold discoveries we've made since 2019 as we continue to pursue our goal of defining high quality gold deposits at Green Springs."

Figure 1 – Green Springs Mine Trend Long Section Looking West

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5350/96544_0381980cd4b8fac1_004full.jpg

Figure 2- Green Springs Plan Map

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5350/96544_0381980cd4b8fac1_005full.jpg

2021 Green Springs drill hole results from this news release:

Drill Hole

Zone

From (m)

To (m)

Interval

Grade g/t

Oxidation

GS 21-07

Zulu

94.49

100.59

6.10

0.316

Partial Oxide (59% CN Recovery)

GS 21-08

Zulu

91.44

94.49

3.05

0.276

Unoxidized (6% CN Recovery)

GS 21-09

Zulu

128.02

134.11

6.10

0.247

Oxide (65% CN Recovery)

GS 21-10

Zulu

132.59

146.31

13.72

0.248

Partial Oxide (48% CN Recovery)

GS 21-11

Zulu

129.54

132.59

3.05

0.211

Partial Oxide (54% CN Recovery)

GS 21-12

Zulu

102.11

105.16

3.05

0.177

Partial Oxide (53% CN Recovery)

GS 21-13

Zulu

111.25

117.35

6.10

0.182

Partial Oxide (53% CN Recovery)

GS 21-14

D-E Gap

38.10

42.67

4.57

0.929

Oxide (89% CN Recovery)

GS 21-15

D-E Gap

36.58

39.62

3.05

0.605

Oxide (80% CN Recovery)

GS 21-16

D-E Gap

32.00

51.82

19.81

0.306

Oxide (79% CN Recovery)

GS 21-17

D-E Gap

27.43

42.67

15.24

0.277

Partial Oxide (52% CN Recovery)

GS 21-18

D-E Gap

27.43

45.72

18.29

0.245

Oxide (79% CN Recovery)

GS 21-19

B-C Gap

35.05

38.10

3.05

0.255

Oxide (71% CN Recovery)

GS 21-20

B-C Gap

No reportable intercepts

GS 21-21

B-C Gap

99.06

109.73

10.67

0.181

Oxide (65% CN Recovery)

GS 21-22

B-C Gap

224.03

240.79

16.76

0.700

Partial Oxide (27% CN Recovery)

including

227.08

230.13

3.05

1.242

Unoxidized (3% CN Recovery)

GS 21-23

B-C Gap

No reportable intercepts

GS 21-54

C-D Gap

0

3.05

3.05

0.717

Oxide (69% CN Recovery)

GS 21-55

C-D Gap

152.4

155.45

3.05

0.439

Partial Oxide (39% CN Recovery)

GS 21-56

Charlie

No reportable intercepts

GS 21-57

Charlie

No reportable intercepts

GS 21-58

B-C Gap

88.39

92.97

4.57

0.544

Oxide (77% CN Recovery)

About the Green Springs Project:

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada, east of Fiore Gold's Pan Mine and Gold Rock Project and south of Waterton's Mount Hamilton deposit. The Green Springs property is 18.65 km2 encompassing 3 shallow past producing open pits and numerous targets that were not mined.

Contact Gold signed a purchase option agreement with Ely Gold Royalties ("Ely Gold") to acquire an undivided 100% interest in Green Springs in July 2019. Green Springs is an early-stage exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"). There has been insufficient exploration to define a mineral resource estimate at Green Springs. Additional information about Green Springs is summarized in the NI 43-101 Technical Report entitled "NI 43-101 Technical Report for the Green Springs Project, White Pine County, Nevada, USA" prepared for Contact Gold, with an effective date of June 12, 2020, and dated August 5, 2020, as prepared by John J. Read, C.P.G; an independent consultant and qualified person under NI 43-101, and can be viewed under Contact Gold's issuer profile on SEDAR at www.sedar.com.

The scientific and technical information contained in this news release has been reviewed and approved by Vance Spalding, CPG, VP Exploration, Contact Gold, who is a "qualified person" within the meaning of NI 43-101. Drill intercepts were calculated using a minimum thickness of 3.05 metres averaging 0.14 ppm gold and allowing inclusion of up to 4.57 metres of material averaging less than 0.14 ppm gold for low grade intervals and higher-grade intervals were calculated using a minimum thickness of 3.05 metres averaging 1.00 ppm gold and allowing inclusion of up to 4.57 metres of assays averaging less than 1.00 ppm gold. Gravimetric assays are used for all Fire Assays above 4.00 ppm gold. Cyanide solubility assays are completed on all Fire Assays greater than 0.1 g/t. True width of drilled mineralization is unknown, but owing to the apparent flat lying nature of mineralization, is estimated to generally be at least 70% of drilled thickness in most cases. The Cyanide recovery percentages are equally averaged by interval, and are not weighted by gold content per interval. Quality Assurance / Quality Control consists of regular insertion of certified reference standards, blanks, and duplicates. All failures are followed up and resolved whenever possible with additional investigation whenever such an event occurs. All assays are completed at Paragon; an ISO 17025:2005 accredited lab. Check assays are completed at a second, reputable assay lab after the program is complete.

About Contact Gold Corp.

Contact Gold is an exploration company focused on making district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are on the prolific Carlin and Cortez gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 140 km2 of target rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage.

Additional information about the Company is available at www.contactgold.com.
For more information, please contact: +1 (604) 449-3361
John Glanville – Director Investor Relations
Jack Trembath – Manager, Investor Relations
E-mail: info@ContactGold.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to the anticipated exploration activities of the Company on the Green Springs property.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: impacts arising from the global disruption by the Covid-19 coronavirus outbreak; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96544

If you want to know who really controls Metals X Limited (ASX:MLX), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of AU$263m, Metals X is a small cap stock, so it might not be well known by many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Metals X.

View our latest analysis for Metals X

ownership-breakdownownership-breakdown
ownership-breakdown

What Does The Institutional Ownership Tell Us About Metals X?

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

Metals X already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Metals X's earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growthearnings-and-revenue-growth
earnings-and-revenue-growth

Our data indicates that hedge funds own 14% of Metals X. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. APAC Resources Limited is currently the largest shareholder, with 14% of shares outstanding. With 14% and 6.1% of the shares outstanding respectively, Old Peak Limited and Credit Suisse, Investment Banking and Securities Investments are the second and third largest shareholders.

We did some more digging and found that 6 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.

Insider Ownership Of Metals X

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own some shares in Metals X Limited. As individuals, the insiders collectively own AU$10m worth of the AU$263m company. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling.

General Public Ownership

The general public holds a 27% stake in Metals X. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

Our data indicates that Private Companies hold 11%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Public Company Ownership

We can see that public companies hold 14% of the Metals X shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Metals X better, we need to consider many other factors. For example, we've discovered 2 warning signs for Metals X (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

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

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

GRAND BAIE, Mauritius, Sept. 09, 2021 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 4,000,000 common shares to directors and employees of Alphamin’s subsidiaries under its stock option plan. Each option is exercisable for a seven year term to acquire one common share at a price of C$0.78 per share. The options granted vest over differing periods of between fifteen months and four years from the date of grant.

FOR MORE INFORMATION, PLEASE CONTACT:

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

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

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2021) – Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to report that it has signed a Mining Rights Transfer Agreement with BHP World Exploration Inc. Sucursal del Peru ("BHP") to acquire the Kenita property in exchange for a commitment to pay a 1% net smelter returns royalty on any future production. The Kenita property comprises five exploration licenses, totalling 2,200 hectares in area, which are adjacent to and surround Lara's 400 hectare Puituco Project, located in the Huancavelica Department of Central Peru.

Lara previously reported high grade surface chip channel samples from Puituco, including 42.6m averaging 4.65% zinc, 4.86% lead and 37 g/t silver (see Lara news release of June 12, 2018 for details). The vertical orientation of the breccia feeder structures to this mineralization and its relationship with the mapped intrusives, indicate potential for the presence of a buried skarn/porphyry system. With the consolidation of the Kenita property Lara intends to extend its surface mapping and sampling and undertake geophysical surveys (Mag and IP) and define targets for a scout drilling program to test this potential.

The Puituco-Kenita property lies to the north of the Riqueza copper porphyry project, being drilled by Inca Minerals Ltd. Minera IRL Ltd.'s Corihuarmi high sulphidation epithermal gold mine and the Bethania polymetallic mine, being redeveloped by Kuya Silver Corp., also lie on the same trend to the northwest of Puituco-Kenita.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA."

Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this news release.

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

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

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94881

PERTH, Australia, Aug. 26, 2021 /CNW Telbec/ – Galaxy Resources Limited (ASX: GXY) (Company) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company's platform (ASX):

  • Merger of Galaxy and Orocobre Implemented

The announcement can be viewed at:

https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy

SOURCE Galaxy Resources Limited

CisionCision
Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/26/c8739.html

Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – Playfair's (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) core drilling program on its large (201 square kilometers) 100% owned RKV Copper Project in South Central Norway is expected to start in early September. Playfair has delineated seven drill targets in five areas, Drill Notifications have been made and necessary permits are approved.

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7302/94037_35fb048aa4722bdf_002full.jpg

Playfair, as a responsible mineral explorer, values protecting the natural environment it works in. Playfair uses new technologies and methods to reduce the impact of its exploration. Playfair's exploration to date has been in three phases.

The first phase of Playfair's exploration used non-invasive machine learning algorithms to reinterpret existing geochemical-geological-geophysical data sets and outline potential exploration target areas with similarities to known mineral occurrences.

The second phase of Playfair's exploration was minimally invasive. In the areas outlined as possibly favourable by the machine learning algorithms small pits were dug by hand, samples of soil were removed, and the pits refilled. There was no off-road driving. Subsequent chemical analysis outlined areas with a high content of copper or other elements of interest.

The third phase of Playfair's exploration measured the intensity of the earth's magnetic field in some of the areas where a high copper content was found in soils. Variations in the magnetic field provide important information about the underlying bedrock. The survey was non-intrusive and used an unmanned drone to carry the measuring equipment.

The seven drill targets were previously described: Storboren (November 07, 2019, and December 05, 2019, News Releases), Sæterfjellet, (January 06, 2021, News Release), Kletten North and Kletten South (January 28, 2021, News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021, News Release) and Rødalen (March 11, 2021, News Release).

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek (TSXV: WIN) (OTCQB: WINKF) using their proprietary Computer Aided Resources Detection System (CARDS).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu. A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu "are likely to be associated with weathering copper sulphides."

Playfair's fourth phase of exploration is planned to begin in September 2021. In keeping with Playfair's intent to minimise the impact of its exploration on the natural environment Playfair will use a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Playfair's man-portable drill has now arrived in Norway, cleared customs and has been transported to Tynset, approximately 25 km from Rødalen, the first drill target. With a population of 5,400, Tynset is the municipal centre of the Nord-Østerdalen region. Arctic Drilling As., a local Norwegian Company will carry out the drilling.

Figure 2

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7302/94037_35fb048aa4722bdf_003full.jpg

A presentation on the drilling plans can be found at this direct link or on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94037

Vancouver, British Columbia–(Newsfile Corp. – August 19, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOLF) (the "Company" or "Contact Gold") is pleased to announce its financial and operating results for the three- and six-months ended June 30, 2021.

Details of financial results as at and for the three- and six-months ended June 30, 2021, are described in the unaudited condensed interim consolidated financial statements and related notes thereto (the "Interim Financial Statements") as prepared in accordance with International Financial Reporting Standards ("IFRS"), and MD&A for the corresponding period, copies of which are available on SEDAR at www.sedar.com.

Beginning the year ended December 31, 2019, the Company began reporting its financial results in accordance with United States Generally Accepted Auditing Principles ("US GAAP"). Accordingly, financial information filed under the Company's issuer profile on SEDAR for the years ended December 31, 2019, and December 31, 2020, and for each of the interim periods for the year 2020, and the three-months ended March 31, 2021, inclusive were prepared in accordance with US GAAP. The Company had previously reported pursuant to IFRS. Pursuant to having completed a corporate continuance to the Province of British Columbia in June 2021, the Company has reverted to preparing and reporting its consolidated financial statements in accordance with IFRS, with retrospective application through an election to change all of its accounting policies.

IFRS differs in some respects from US GAAP, and thus financial results may not be comparable to that which has been reported in previously-filed financial statements. A discussion concerning the re-adoption of IFRS and transition from US GAAP is included in Interim Financial Statements under heading, "Re-adoption of IFRS and reclassification of comparative periods".

The following selected financial data is derived from the Interim Financial Statements. Unless otherwise stated, the information herein, and in the tables below, is presented in Canadian dollars.

Three months ended

Six months ended

Attributable to shareholders:

June 30, 2021

June 30, 2020

June 30, 2021

June 30, 2020

Loss for the period

$

1,931

$

692

$

3,640

$

3,394

Other comprehensive loss (gain)

$

386

$

1,603

$

871

$

(1,824)

Loss and comprehensive loss

$

2,317

$

2,235

$

4,511

$

1,570

Basic and diluted loss per share

$

0.01

$

0.01

$

0.02

$

0.04

Losses attributable to shareholders for the three and six months ended June 30, 2021 of $1.93 million and $3.64 million (2020: $0.69 million and $3.39 million, respectively), reflect primarily (i) exploration and evaluation of the Company's exploration property interests ($1.10 million and $2.02 million for each of the three- and six-month periods), (ii) costs incurred for professional, legal and advisory fees, administration & office expenditures, wages and salaries, and investor relations activities in aggregate for the three- and six-month period $0.74 million and $1.34 million, and (iii) non-cash stock-based compensation expense of $0.07 million and $0.23 million for the three- and six-month periods. Expenses incurred for the three- and six-month periods ended June 30, 2020, reflect similar activities.

During the three and six months ended June 30, 2021, exploration and evaluation expenditures were predominantly related to activity at the Green Springs property, including the evaluation and review of data generated through 2020 and planning for the commencement of the 2021 program early in the year, and the drilling of 7,511 metres of reverse circulation drilling through June 30, 2021. Approximately $2.00 million in expenditures had been incurred through June 30, 2021 for exploration at Green Springs and Pony Creek (in aggregate through June 30, 2020, $0.61 million).

Other comprehensive loss attributable to shareholders for the three- and six-month periods ended June 30, 2021 was $0.39 million and $0.87 million (three and six months ended June 30, 2020: loss of $1.60 million and gain of $1.82 million, respectively). The other comprehensive loss or gain recognized in a given period reflects primarily the foreign currency impact arising on the post-acquisition carrying value of the Company's U.S. entity which holds the exploration property portfolio, whereby the gain or loss reflects the relative value of the Canadian dollar (the Company's reporting currency) compared to the United States dollar (the currency in which the value of the exploration property portfolio is recorded).

Net cash operating outflows for the six-month period ended June 30, 2021 of $2.81 million reflects primarily (i) ongoing exploration activity, (ii) investor relations and head office costs, and (iii) the settlement of balances due to service providers and vendors at year end (June 30, 2020 $1.37 million).

As June 30, 2021

As at December 31, 2020

Cash

$

1,966,103

$

4,753,148

Working capital

$

1,570,827

$

4,750,446

Total assets

$

30,691,776

$

34,543,579

Current liabilities

$

672,894

$

412,498

Shareholders' equity

$

29,851,768

$

33,961,885

The Company has elected to capitalize mineral property acquisition costs, and expense exploration expenditures as incurred. Total assets at June 30, 2021 comprise primarily: exploration and evaluation assets of $28.42 million, and $1.97 million in cash. At December 31, 2020 total assets primarily comprised exploration and evaluation assets of $29.22 million, and $4.75 million in cash.

Total liabilities at June 30, 2021 include non-current liabilities of $1.67 million (December 31, 2020: $1.69 million), and payables and accruals of $0.67 million (December 31, 2020: $0.41 million).

Accumulated other comprehensive loss of $2.92 million at June 30, 2021 (December 31, 2020: $2.05 million) is the aggregate foreign currency impact on the translation to Canadian dollars of the value of the Company's U.S. entity and its portfolio of exploration properties.

Option award to new employee

The Company also announces that on August 16, 2021, a new employee was granted options to purchase an aggregate of 125,000 common shares in the Company, with an exercise price of $0.08 per share. The options have been granted pursuant to the Company's Omnibus Stock and Incentive Plan, and will expire five years from the date of grant. All of the options are subject to vesting provisions.

About Contact Gold Corp.

Contact Gold is currently a Nevada-incorporated entity. The Company is focused on advancing the Green Springs and Pony Creek gold projects in Nevada, both of which host extensive and robust Carlin-type gold systems.

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in Nevada, east of Fiore Gold's Pan Mine and Gold Rock Project, and south of Waterton's Mount Hamilton deposit. The Green Springs property is 18.5 km2, encompassing 3 shallow past-producing open pits and numerous targets that were not mined.

Pony Creek is strategically located immediately south of Gold Standard Ventures' Railroad Project, on the Southern Carlin Trend, and totals 81.7 km2 underpinned by a Carlin-type system with historic gold resources.

Additional information about the Company is available at www.contactgold.com.

For more information, please contact (604) 449-3361 for either:
John Wenger, Chief Financial Officer wenger@contactgold.com
John Glanville Director, Investor Relations glanville@contactgold.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to planned expenditures through the remainder of the year, and the anticipated exploration activities of the Company at Green Springs or Pony Creek.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: impacts arising from the global disruption caused by the COVID-19 coronavirus outbreak; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93823

VANCOUVER, BC, Aug. 11, 2021 /CNW/ – Trading resumes in:

Company: Sego Resources Inc.

TSX-Venture Symbol: SGZ

All Issues: Yes

Resumption (ET): 12:15 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
“Cision”
Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/11/c2876.html

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