Photon-Photos/iStock via Getty Images The Q1 Earnings Season for the Gold Miners Index (GDX) began last week and the market has embraced the margin recovery with strong reactions out of two of the top three gold producers. Meanwhile, the Australian producers are busy reporting their calendar year Q1 (fiscal Q3 2024) results and the most…
Falcor It’s been a busy past year for M&A in the precious metals sector and while Alamos Gold (AGI) continues to be the king of counter-cyclical M&A to grow its per share metrics, Calibre Mining (OTCQX:CXBMF) is certainly throwing its hat in the ring to be a future contender. The company’s recent acquisition of Marathon…
tifonimages It’s been a much better Q2 than Q1 for the Gold Miners Index (GDX) with the price of gold successfully breaking out above the $2,070/oz level and providing a substantial lift to margins for the gold mining industry. And one name that will be a significant beneficiary of the recent gold/copper price strength is…
Claude Laprise While the S&P 500 (SPY) has added to its Q4 gains, the Gold Miners Index (GDX) has given up the bulk of them, down ~11% year-to-date in what’s typically its best month of the year from a seasonality standpoint. This can be attributed to underwhelming guidance from some companies and mediocre production results…
Juan Jose Napuri Just over four months ago, I wrote on Evolution Mining (OTCPK:CAHPF), noting that with the stock continuing to trade at a premium valuation relative to its peers, I expected any rallies above US$2.75 to provide an opportunity to book some profits. Since breaching this level in November and again in December, the…
tracielouise It’s been a tough year for the Gold Miners Index (GDX) with the disappointing results of a few souring sentiment for the group and continued share-price underperformance vs. the gold price. Some of the detractors with pitiful results and/or per-share metrics (due to continued share dilution) have been Coeur Mining (CDE), First Majestic (AG),…
Funtay/iStock via Getty Images Just over six months ago, I wrote on Metalla Royalty & Streaming (NYSE:MTA), noting that there was zero reason to chase the stock at US$5.70 per share. This is because the stock was fully valued at over 1.0x P/NAV, timelines were looking like they’d be pushed on key projects, and we…
aeduard While it was a mixed year operationally for the precious metals sector (GDX) with several companies missing on cost estimates like Jaguar Mining (OTCQX:JAGGF), IAMGOLD (IAG), and Hecla Mining (HL), New Gold (NYSE:NGD) has been one Tier-1 jurisdiction producer to exceed estimates, tracking to the high end of production guidance and the low end…
DKosig The US Dollar Index rose eight consecutive weeks heading into mid-September, the longest winning streak since 2015. After basing ahead of the Q2 earnings season along with interest rates, financial conditions have tightened somewhat, pressuring lower-quality firms and their stock prices. Indeed, many ex-US names have struggled since late July. With a rising greenback,…
Denis-Art/iStock via Getty Images This article discusses the recently reported results for Prospect Capital Corporation (NASDAQ:PSEC) and is a follow-up to the previous article comparing it to FS KKR Capital (FSK): Similar to last year, Prospect Capital has filed an NT 10-K indicating that the company and its auditor: “require additional time to complete the…
SDI Productions/E+ via Getty Images Exelixis (NASDAQ:EXEL) has made great progress in advancing its drug known as CABOMETYX for the treatment of several types of cancer. It has already been able to receive approval of this drug for the treatment of patients with kidney cancer, liver cancer and thyroid cancer. However, why I believe it…