Latest news with #CalibreMining
Yahoo
18 hours ago
- Business
- Yahoo
Why Equinox Gold Corp. (EQX) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Equinox Gold Corp. (NYSEAmerican:EQX) stands against other Friday's worst-performing stocks. Equinox Gold dropped its share prices by 5.06 percent on Friday to finish at $6.94 apiece as investors unloaded portfolios amid the drop in spot prices of gold. On the same day, gold saw its spot prices decline by 1.26 percent to $3,310.42 per troy ounce, amid a profit-taking from the previous day's gains. Aerial view of a large-scale gold mine, showing the extent of the company's operations. In recent news, Equinox Gold Corp. (NYSEAmerican:EQX) entered into an agreement with Calibre Mining Corp. for their planned $1.8-billion merger. Under the transaction, Equinox Gold Corp. (NYSEAmerican:EQX) will acquire all of Calibre's issued and outstanding shares. The transaction is expected to boost Equinox Gold Corp.'s (NYSEAmerican:EQX) producing mines to nine from seven previously, alongside Calibre's Valentine project in Newfoundland, which is underway construction. Upon completion, Equinox Gold Corp. (NYSEAmerican:EQX) is set to become Canada's largest gold miner. The transaction is expected to be closed this month. Overall, EQX ranks 5th on our list of Friday's worst-performing stocks. While we acknowledge the potential of EQX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
CBC
18-05-2025
- Science
- CBC
At a Gander mining conference, the industry's future was right next door
While mining executives and geologists gathered for the annual Central MinEX conference at the Gander Community Centre this week, the future of the industry showed off at the curling club next door. At least six schools from all over central Newfoundland took part in a science fair for junior high students. Calibre Mining, which owns the Valentine gold deposit near Millertown, sponsored the contest. "We believe youth are our future," said Calibre social compliance lead Courtney Rowsell. "So having them involved, having them learning about mining, finding out about careers in mining, bringing them into a space where they can learn from each other and learn about different aspects of the industry is very important to us." The students' projects covered issues such as erosion on mine sites, safer ways to handle asbestos and the mineral content of volcanoes. One group even coded their own version of the video game Minecraft, highlighting the minerals found in Newfoundland and Labrador. Wesley Turner is from Holy Cross School in Eastport. "Our project here, hydrospan, we were thinking what's an easy way for people from Newfoundland to [get to] the mainland," he explained. "Since there's an underwater highway in Europe, we thought to use that idea and make something. So it's a tunnel that goes from Newfoundland, under the ocean floor to Labrador." His group's display included a model tunnel drill Turner fashioned from an old blender motor. The team from Leo Burke Academy in Bishop's Falls created a large cardboard doll, called Molly the Miner, as part of their entry. "Our project is on the everyday minerals that you could be wearing right now," group member Olivia Simmonds said. "For example, on Molly, her shirt is polyester, she has jewelry on, she has a pencil, and she has steel-toed boots on." In the end, another group from Eastport won the day. "Our project is talking about e-waste recycling," said student Lily Heffern. "Basically, we're taking valuable minerals from used electronics, and we're repurposing them into the mining industry." But the students who worked on the projects didn't have to do it at all. They put in the time and effort because they're interested in working in the mining industry some day. For many of them, like Carly Thomas of Bishop's Falls, mining is the family business. "We did an interview on her dad, my pop and my brother, who all work in mines," she said. "Our families are really into mining, so we know a little bit about it."
The Market Online
12-05-2025
- Business
- The Market Online
The case for investing in mining stocks in May 2025
If you've heard about the potential for mining stocks to deliver exponential returns and have dry powder to deploy, your due diligence process should begin with taking the commodity market's temperature, building a sense of the current state of demand and what it suggests about the future. To this end, let's take a look at seven major commodities, covering headwinds and tailwinds, to set our bearings about where investors can find the most prospective opportunities and optimize the probability of a satisfactory return. Oil Like the rest of the commodities covered in this article, the price of oil has been volatile as of late in response to the potential implications of U.S. President Donald Trump's tariff regime. Even though exemptions are in place, geopolitical tension remains in the air, with the International Energy Agency seeing slower demand growth ahead. WTI sits at a price of US$63.53 per barrel at the time of writing on Monday, entailing a minimal profit to a slight loss for most Canadian or U.S. producers, though the largest players could maintain operations into the low to mid-US$40 range. Investors should then be conscious of available cash when considering earlier-stage companies not yet able to self-fund their growth plans. Gold The price of gold has added more than 60 per cent since 2023 driven by major wars being waged in Ukraine, Israel, and now India and Pakistan, decreasing faith in the stability of the U.S. economy following the election on Donald Trump, and a sense of global uneasiness about how inflation will fluctuate over the near-term. This dynamic has led to a large number of recent deals from explorers to producers, including: Equinox's acquisition of the C$2.5 billion market cap Calibre Mining. CMOC's C$581 million acquisition of Lumina Gold. Gold Field's US$2.4 billion acquisition of Australia's Gold Road. Various strategic investments from major players such as McEwen Mining, Agnico Eagle and Centerra Gold. With an ounce of gold running you over US$3,200, just shy of its all-time-high, and the U.K. and China being the only countries to cut a trade deal with the U.S. following Trump's tariff push, there is plenty of cash to go around when it comes to kicking the gold supply chain into high gear. Feel free to scan for stocks across the mining lifecycle, but take care to favor high-quality, low-cost projects with low base-case gold prices, granting them a margin of safety should demand for the yellow metal experience a prolonged dip. Silver Given silver and gold's shared use-case as a safe-haven during times of heightened economic uncertainty, the former has appreciated by about 30 per cent since 2023, hitting a 10-year high in October 2024 of over US$34 per ounce. Though this price remains well short of its all-time-high of almost US$50 per ounce coming out of the Global Financial Crisis, the silver market is undoubtedly booming once again, incentivizing fresh capital off the sidelines and into high-conviction operators. Concentrate on silver's numerous industrial applications, including solar panels, chemicals, switches and circuit boards, as a means to build multi-pronged upside and diversify away from gold's predominantly investment-related demand. Copper The price of copper, at about US$4.60 per pound, sits near a 10-year high thanks to the metal's essential roles in electrical wiring, electric vehicles (EVs), construction and healthcare thanks to its durability, corrosion resistance and antibacterial properties. With copper demand expected to grow by 70 per cent from 2021 to 2050, and copper reserves and resources likely to remain readily available for the foreseeable future, investors seeking potentially exponential upside should focus on the micro-cap and small-cap spaces, where price-value dislocations have a higher probability of being found. Any potentially company-making project paired with a pessimistic share-price trajectory deserves further analysis. Lithium Given a recent slowdown in EV sales because of government subsidy cuts in the U.S. and Europe, demand for lithium, the main component in EV batteries, has taken a 90 per cent nosedive since 2022, making it unattractive for mining projects to move forward with their development plans. Lithium mining stocks have unsurprisingly tanked over the period, with the broader market losing faith in the critical metal's long-term legs. That said, when we dig a little deeper, we find that 2024 was the best year for EV sales on record, suggesting that lithium's price drop may be the latest example of the market's tendency to overreact in the face the unavoidable short-term pressures, which must always be endured to earn long-term returns. Investors can currently take advantage of tightening supply and build exposure to a large number of globally relevant assets trading at steep discounts to expected long-term demand. Should lithium prices rebound as EVs approach cost-parity with their gas-powered counterparts, the investment outcomes could be significant. Uranium Demand for uranium, the main ingredient in nuclear fuel, is expected to rise by as much as 140 per cent by 2050 thanks to its abundant resources and potential to lower global energy-based emissions. Despite these robust resources – according to the 2024 joint report from the Organisation for Economic Co-operation and Development Nuclear Energy Agency and the International Atomic Energy Agency – strategic investments will still be required to make sure they're available when needed. A deficit expected to grow into 2040 and beyond, with prices doubling to US$70 per pound over the past decade, illustrates how we're falling short of this pressing need. Consequently, the present risk-averse investment climate, hampered by inflation and geopolitical tension, is a favorable one for seasoned investors who can identify prospective uranium projects, evaluate management teams, take advantage of depressed stock prices and hold on for the decade or so it takes to progress from exploration to production. Nickel Nickel, the final commodity in our survey, plays an important part in the energy transition, alongside lithium and copper, providing cathode material in EV batteries and enhancing stainless steel used in clean technologies. Nickel demand for batteries alone is expected to triple by 2030, according to Benchmark Mineral Intelligence. Nickel also enjoys varied industrial applications from consumer products, to healthcare, to pulp and paper, with overall demand on track to add over 200 per cent from 2020 to 2050, according to the International Finance Corporation. With a deficit on the horizon and strong long-term uses cases supported by global decarbonization, nickel resources with high probabilities of reaching production are few and far between, making them key considerations for your portfolio. This is especially true as the metal's price sits virtually unchanged over the past decade, suggesting investors are drastically underestimating its role in our daily lives. Now that you have a framework in place to assess the current state of commodity demand, it's time to delve in the market to source potential allocations. To get your due diligence started on the right foot, here are 52 mining stocks worth a closer look: Join the discussion: Find out what everybody's saying about investing in mining stocks on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Reuters
24-02-2025
- Business
- Reuters
Canada's Equinox Gold to buy Calibre Mining in all-stock deal worth $1.8 billion
Feb 24 (Reuters) - Canada's Equinox Gold ( opens new tab on Sunday said it would acquire all outstanding shares of Calibre Mining ( opens new tab in an all-stock deal, aiming to benefit from upcoming Canadian output as gold prices reach record highs. Under the deal, Calibre shareholders will receive 0.31 Equinox common shares for each Calibre common share held, giving the deal a valuation of C$2.56 billion ($1.80 billion) per Reuters' calculation as of their last close. The combined company will operate nearly 11 assets, with executives planning to streamline the portfolio. Greg Smith, Equinox's CEO, said the Caliber's other mines would immediately provide cash flow into the combined company and help with quicker debt reduction. Smith will retain his position in the new company. The deal, which is expected to close by the second quarter of this year, includes two of the newest Canadian gold mines: the Greenstone Mine in Ontario, which poured its first gold in May 2024, and the Valentine Gold Mine in Newfoundland & Labrador, nearing completion with first gold pour targeted for mid-2025. The combined company is projected to produce more than 1.2 million ounces of gold annually when both Canadian mines reach full capacity. Darren Hall, current chief executive officer of Calibre, will join the new company as President and Chief Operating Officer. The deal comes as gold prices trade near their record peak of $2,954.69 an ounce, fueled by central bank purchases and inflation hedging, boosting gold miners' earnings. However, analysts at TD Cowen see the deal as being at a lower valuation compared to the recent Newmont (NEM.N), opens new tab asset sales in North America. "We would anticipate that some Calibre shareholders will be looking for a higher price which includes a change of control premium. There is potential for a superior bid to emerge," the brokerage said. Shares of Calibre Mining were down 3.9% in early morning trade. ($1 = 1.4215 Canadian dollars)
