Five of the Top Gold Stocks to Own Right Now January 29, 2025 - Baystreet.ca President Trump still expects to impose tariffs on Canada and Mexico on February 1 – which is spurring concerns for potential interest rate hike risks and higher inflation. Should that happen, gold prices could push considerably higher, which could send gold stocks such as Calibre Mining (TSX: CXB) (OTCQX: CXBMF), Agnico Eagle Mines (NYSE: AEM) (TSX: AEM), Newmont Corporation (NYSE: NEM) (TSX: NGT), Franco Nevada Corp. (NYSE: FNV) (TSX: FNV), and Alamos Gold (NYSE: AGI) (TSX: AGI). Remember, “Trump set a Feb. 1 deadline for imposing 25% tariffs on imports from Mexico and Canada unless the countries move to halt flows of illegal immigrants and the deadly opioid fentanyl into the U.S. He also said he would slap a 10% tariff on Chinese goods over that country's role in the fentanyl trade,” says Reuters. In addition, some analysts believe gold’s latest momentum is just beginning. Not only could potential rate hike concerns and inflationary risks drive it higher, but also geopolitical issues, such as the ongoing feud between Russia and Ukraine. Look at Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), For Example Calibre Mining Corp. just announced a maiden Mineral Resource estimate for its 100% owned Talavera Gold Deposit, which has, historically, produced 800,000 ounces gold and is located 3 kilometres from the Limon mill. The Mineral Resource, which will be included in the Company’s 2024 year-end Mineral Resource statement, includes 3,847,000 tonnes of Inferred Mineral Resource averaging 5.09 g/t gold, yielding 630,000 ounces of gold. The extension of the historical mine, and discovery of several parallel sub vertically dipping veins has led to the delineation of this new resource. Talavera represents another opportunity across the prolific Limon property given its proximity to the processing facility. Recent drilling at Talavera (see news release dated November 18, 2024) continues to intersect high grade gold mineralization approximately 750 metres to the west of the past producing Talavera underground mine and the resource remains open to the west, reaffirming the discovery and resource expansion potential of the deposit. (see figures here) Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am pleased to report that Calibre has achieved a significant milestone with the production of our one-millionth ounce of gold in Nicaragua since becoming a producer in Q4 2019. This accomplishment is particularly gratifying as we simultaneously increased our Nicaragua Mineral Reserves from 140,000 ounces in Q4 2019 to more than 1.1 million ounces at December 31, 2023. Additionally, today’s announcement of the 630,000-ounce Mineral Resource at Talavera further highlights the enduring nature of the Limón Mine Complex, which has been in continuous operation since the 1940s and has produced over 5 million ounces. Talavera offers strong expansion potential, with opportunities to leverage the existing underground infrastructure located adjacent to the resource from the past producing mine. In 2025, our focus at Talavera will include expansion and delineation drilling while advancing environmental permits. Given Talavera's steeply dipping structure and the presence of several parallel gold-bearing zones, the deposit is well-suited for low cost, long-hole mining. Talavera is poised to contribute to our future gold production, aligning with our strategy of self-funded growth through discovery and operational excellence. Looking ahead, I am confident that we will continue to drive resource growth and maintain strong reserve replacement in Nicaragua, further solidifying our position as a sustainable growing gold producer.” Other related developments from around the markets include: Agnico Eagle Mines and O3 Mining Inc. announed that Agnico Eagle has taken-up and acquired 110,424,431 common shares of O3 Mining, representing approximately 94.1% of the outstanding common shares of O3 Mining on a basic basis, pursuant to its board-supported take-over bid for all of the outstanding Common Shares for $1.67 in cash per Common Share. The aggregate consideration payable for the Deposited Shares is $184,408,800. Agnico Eagle will pay for the Deposited Shares by January 28, 2025. All of the conditions of the Offer have been satisfied or waived. O3 Mining's President and Chief Executive Officer, Mr. José Vizquerra commented: "We are pleased to achieve this excellent and timely outcome for our shareholders who tendered their Common Shares to the Offer. While providing an opportunity for our shareholders to realize immediate value at a significant premium, the transaction will also enable the efficient advancement of the Marban Alliance project by Agnico Eagle, an experienced operator that has the financial strength, mining expertise and community commitment to take the project to its next stage of development." Newmont announced that it has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd for up to $850 million in total consideration. Under the terms of the agreement, Newmont will receive cash consideration of $810 million upon closing and up to $40 million 1 in contingent payments. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied. 2 Upon closing the announced transactions, Newmont will have surpassed its target of delivering more than $2 billion in gross proceeds from non-core divestitures. Franco Nevada just noted, “Record gold prices generated higher revenues, Adjusted EBITDA and earnings in Q3 compared to Q2 2024,” stated Paul Brink, CEO. “GEO sales were stable compared to Q2 although lower compared to Q3 2023 without the contribution from Cobre Panama. The quarter benefitted from contributions from the newly commissioned Tocantinzinho mine in Brazil, and increased contributions from royalties from the recently completed Greenstone mine and the newly acquired Yanacocha royalty. Candelaria reported an increase in copper and gold production for the quarter. While Candelaria’s copper output is on track, Lundin Mining has revised its 2024 gold production guidance lower to reflect revised gold grades for the period. In addition, revenue from our Diversified assets translated into lower GEOs reflecting record gold prices. We have adjusted our 2024 guidance as a result. Franco-Nevada continues to benefit from higher gold prices with limited exposure to cost inflation. The company remains debt-free with substantial available capital and has a strong pipeline of potential precious metal streams and royalties.” Alamos Gold reported fourth quarter and annual 2024 production. The Company also provided updated three-year production and operating guidance and announced a construction decision on the Lynn Lake project in Manitoba. “With the solid finish to the year, we met both our quarterly and increased annual production guidance. Production increased 7% from 2023 to a record 567,000 ounces and combined with strong margin expansion, we generated record revenues and free cash flow while investing in high-return growth,” said John A. McCluskey, President and Chief Executive Officer. “This investment in growth is expected to drive our production 24% higher over the next three years. We are also pleased to announce the start of construction on Lynn Lake, another attractive project that will provide additional growth into 2028. All of this growth is in Canada, it is lower cost, and it is all fully funded providing Alamos with one of the strongest outlooks and lowest political risk profiles in the sector. This growth is underpinned by high-quality, long-life assets with significant upside potential that we expect to continue to unlock with our largest exploration budget ever,” Mr. McCluskey added. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Calibre Mining Corp. by Calibre Mining Corp. We own ZERO shares of Calibre Mining Corp. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]
Five of the Top Gold Stocks to Own Right Now January 29, 2025 - Baystreet.ca President Trump still expects to impose tariffs on Canada and Mexico on February 1 – which is spurring concerns for potential interest rate hike risks and higher inflation. Should that happen, gold prices could push considerably higher, which could send gold stocks such as Calibre Mining (TSX: CXB) (OTCQX: CXBMF), Agnico Eagle Mines (NYSE: AEM) (TSX: AEM), Newmont Corporation (NYSE: NEM) (TSX: NGT), Franco Nevada Corp. (NYSE: FNV) (TSX: FNV), and Alamos Gold (NYSE: AGI) (TSX: AGI). Remember, “Trump set a Feb. 1 deadline for imposing 25% tariffs on imports from Mexico and Canada unless the countries move to halt flows of illegal immigrants and the deadly opioid fentanyl into the U.S. He also said he would slap a 10% tariff on Chinese goods over that country's role in the fentanyl trade,” says Reuters. In addition, some analysts believe gold’s latest momentum is just beginning. Not only could potential rate hike concerns and inflationary risks drive it higher, but also geopolitical issues, such as the ongoing feud between Russia and Ukraine. Look at Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), For Example Calibre Mining Corp. just announced a maiden Mineral Resource estimate for its 100% owned Talavera Gold Deposit, which has, historically, produced 800,000 ounces gold and is located 3 kilometres from the Limon mill. The Mineral Resource, which will be included in the Company’s 2024 year-end Mineral Resource statement, includes 3,847,000 tonnes of Inferred Mineral Resource averaging 5.09 g/t gold, yielding 630,000 ounces of gold. The extension of the historical mine, and discovery of several parallel sub vertically dipping veins has led to the delineation of this new resource. Talavera represents another opportunity across the prolific Limon property given its proximity to the processing facility. Recent drilling at Talavera (see news release dated November 18, 2024) continues to intersect high grade gold mineralization approximately 750 metres to the west of the past producing Talavera underground mine and the resource remains open to the west, reaffirming the discovery and resource expansion potential of the deposit. (see figures here) Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am pleased to report that Calibre has achieved a significant milestone with the production of our one-millionth ounce of gold in Nicaragua since becoming a producer in Q4 2019. This accomplishment is particularly gratifying as we simultaneously increased our Nicaragua Mineral Reserves from 140,000 ounces in Q4 2019 to more than 1.1 million ounces at December 31, 2023. Additionally, today’s announcement of the 630,000-ounce Mineral Resource at Talavera further highlights the enduring nature of the Limón Mine Complex, which has been in continuous operation since the 1940s and has produced over 5 million ounces. Talavera offers strong expansion potential, with opportunities to leverage the existing underground infrastructure located adjacent to the resource from the past producing mine. In 2025, our focus at Talavera will include expansion and delineation drilling while advancing environmental permits. Given Talavera's steeply dipping structure and the presence of several parallel gold-bearing zones, the deposit is well-suited for low cost, long-hole mining. Talavera is poised to contribute to our future gold production, aligning with our strategy of self-funded growth through discovery and operational excellence. Looking ahead, I am confident that we will continue to drive resource growth and maintain strong reserve replacement in Nicaragua, further solidifying our position as a sustainable growing gold producer.” Other related developments from around the markets include: Agnico Eagle Mines and O3 Mining Inc. announed that Agnico Eagle has taken-up and acquired 110,424,431 common shares of O3 Mining, representing approximately 94.1% of the outstanding common shares of O3 Mining on a basic basis, pursuant to its board-supported take-over bid for all of the outstanding Common Shares for $1.67 in cash per Common Share. The aggregate consideration payable for the Deposited Shares is $184,408,800. Agnico Eagle will pay for the Deposited Shares by January 28, 2025. All of the conditions of the Offer have been satisfied or waived. O3 Mining's President and Chief Executive Officer, Mr. José Vizquerra commented: "We are pleased to achieve this excellent and timely outcome for our shareholders who tendered their Common Shares to the Offer. While providing an opportunity for our shareholders to realize immediate value at a significant premium, the transaction will also enable the efficient advancement of the Marban Alliance project by Agnico Eagle, an experienced operator that has the financial strength, mining expertise and community commitment to take the project to its next stage of development." Newmont announced that it has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd for up to $850 million in total consideration. Under the terms of the agreement, Newmont will receive cash consideration of $810 million upon closing and up to $40 million 1 in contingent payments. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied. 2 Upon closing the announced transactions, Newmont will have surpassed its target of delivering more than $2 billion in gross proceeds from non-core divestitures. Franco Nevada just noted, “Record gold prices generated higher revenues, Adjusted EBITDA and earnings in Q3 compared to Q2 2024,” stated Paul Brink, CEO. “GEO sales were stable compared to Q2 although lower compared to Q3 2023 without the contribution from Cobre Panama. The quarter benefitted from contributions from the newly commissioned Tocantinzinho mine in Brazil, and increased contributions from royalties from the recently completed Greenstone mine and the newly acquired Yanacocha royalty. Candelaria reported an increase in copper and gold production for the quarter. While Candelaria’s copper output is on track, Lundin Mining has revised its 2024 gold production guidance lower to reflect revised gold grades for the period. In addition, revenue from our Diversified assets translated into lower GEOs reflecting record gold prices. We have adjusted our 2024 guidance as a result. Franco-Nevada continues to benefit from higher gold prices with limited exposure to cost inflation. The company remains debt-free with substantial available capital and has a strong pipeline of potential precious metal streams and royalties.” Alamos Gold reported fourth quarter and annual 2024 production. The Company also provided updated three-year production and operating guidance and announced a construction decision on the Lynn Lake project in Manitoba. “With the solid finish to the year, we met both our quarterly and increased annual production guidance. Production increased 7% from 2023 to a record 567,000 ounces and combined with strong margin expansion, we generated record revenues and free cash flow while investing in high-return growth,” said John A. McCluskey, President and Chief Executive Officer. “This investment in growth is expected to drive our production 24% higher over the next three years. We are also pleased to announce the start of construction on Lynn Lake, another attractive project that will provide additional growth into 2028. All of this growth is in Canada, it is lower cost, and it is all fully funded providing Alamos with one of the strongest outlooks and lowest political risk profiles in the sector. This growth is underpinned by high-quality, long-life assets with significant upside potential that we expect to continue to unlock with our largest exploration budget ever,” Mr. McCluskey added. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Calibre Mining Corp. by Calibre Mining Corp. We own ZERO shares of Calibre Mining Corp. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]