Latest news with #CenterraGold
Associated Press
27-05-2025
- Business
- Associated Press
Kootenay Resources Reports Data Review of Copley Project
VANCOUVER, BC / ACCESS Newswire / May 27, 2025 / Kootenay Resources Inc. (TSXV:KTRI) (the 'Company' or 'Kootenay') is pleased to announce the completion of a desktop data review on the Copley project detailing work completed during 2022-2024. The 3,728 hectare Copley property is an early-stage mineral exploration property with demonstrated gold and copper mineralization intercepted in drilling and is situated 35 kilometers south of Fraser Lake, Central British Columba, Canada. The data review recognizes positive advances, and Kootenay is eager to follow up on the new drill results and geophysical anomalies identified on the project. Between 2022 to 2024, Centerra Gold Inc completed diamond drilling (12 holes for 4,181 meters), Induced Polarization ground geophysics (29-line kilometers), soil sampling (1,342 samples), and drone magnetics (358-line kilometers) totaling $2.96M of filed assessment work. Kootenay's interpretation of all datasets indicates the project has very good potential for the discovery of a large-scale epithermal gold-silver deposit with associated copper-gold porphyry potential. To date 35 holes for a total 6,314 meters have been drilled across the property, most drilling work being focused on the East Dome (2022-23) and Smoking Pipe (2010-11) targets. Photograph of topographic features looking southeast from access road PROJECT HIGHLIGHTS LOCATION & ACCESS GEOLOGICAL MODEL & TARGETS DATA ASSETS & TECHNICAL DATABASE Claim Outline showing main gold in rock anomalies EXPLORATION HISTORY & POTENTIAL REGIONAL CONTEXT OWNERSHIP & NEXT STEPS Copley is a drill-permitted, road-accessible gold-silver project located within the porphyry-epithermal endowed Nechako Plateau region of central British Columbia. Hosted in felsic volcanic vent complexes within a 10 km x10 km interpreted ancient caldera, the project represents a large-tonnage, intermediate-sulfidation epithermal system with potential for high-grade structurally focused mineralization and associated porphyry roots. Copley presents a compelling acquisition or partnership opportunity. Background Kootenay Resources Inc's stated mission is the discovery a Tier One deposit and as such focuses on those areas with demonstrated geologic potential for such deposits. The Company is exploring its flagship Moyie Anticline property in southern British Columbia and on its generative program including several promising gold-silver-copper properties in the Nechako plateau of central British Columbia. Kootenay Resources Inc. welcomes partners for exploration projects and currently has one mineral property under option to Centerra Gold (KB) Inc., and three projects under option to fellow junior exploration company Rokmaster Resources Corp. Qualified Persons The Companys technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by Dale Brittliffe, V.P. Exploration for Kootenay, a Qualified Person. Neither the 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. About Kootenay Resources Inc. Kootenay is an exploration company actively engaged in the exploration and discovery mineral projects in British Columbia, Canada. The Company was formed as a spin-out of Kootenay Silver Inc in which prospective Canadian assets were transferred to Kootenay Resources Inc. The transaction was completed in October of 2021, Kootenay Silver currently holds 5.4 million common shares of Kootenay. On behalf of the board of directors of the Company: James McDonald, Director For additional information, please contact: James McDonald, Director at 403-880-6016 Raj Kang, Director at 604-601-5650 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: The information in this news release has been prepared as at May 26, 2025. Certain statements in this news release, referred to herein as 'forward-looking statements', constitute 'forward-looking statements' under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as 'expected', 'may', 'will' or similar terms. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based. SOURCE: Kootenay Resources Inc. press release
Yahoo
14-05-2025
- Business
- Yahoo
Centerra Gold's (TSE:CG) Shareholders Have More To Worry About Than Only Soft Earnings
Centerra Gold Inc.'s (TSE:CG) stock showed strength, with investors undeterred by its weak earnings report. While shareholders may be willing to overlook soft profit numbers, we believe that they should also be taking into account some other factors which may be cause for concern. Our free stock report includes 2 warning signs investors should be aware of before investing in Centerra Gold. Read for free now. To properly understand Centerra Gold's profit results, we need to consider the US$65m gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And, after all, that's exactly what the accounting terminology implies. Centerra Gold had a rather significant contribution from unusual items relative to its profit to March 2025. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As previously mentioned, Centerra Gold's large boost from unusual items won't be there indefinitely, so its statutory earnings are probably a poor guide to its underlying profitability. As a result, we think it may well be the case that Centerra Gold's underlying earnings power is lower than its statutory profit. In further bad news, its earnings per share decreased in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. While conducting our analysis, we found that Centerra Gold has 2 warning signs and it would be unwise to ignore these. Today we've zoomed in on a single data point to better understand the nature of Centerra Gold's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Centerra Gold (CGAU) Upgraded to Buy: What Does It Mean for the Stock?
Investors might want to bet on Centerra Gold Inc. (CGAU), as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. As such, the Zacks rating upgrade for Centerra Gold is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Centerra Gold imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. This company is expected to earn $0.69 per share for the fiscal year ending December 2025, which represents a year-over-year change of -2.8%. Analysts have been steadily raising their estimates for Centerra Gold. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.1%. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Centerra Gold to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. 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 Centerra Gold Inc. (CGAU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
12-05-2025
- Business
- Associated Press
Kenorland Completes Top-Up Right from Sumitomo and Centerra
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ('Kenorland' or the 'Company') announces that, further to its press release dated April 25, 2025, the Company, Sumitomo Metal Mining Canada Ltd. ('Sumitomo') and Centerra Gold Inc. ('Centerra'), have completed the exercise of Sumitomo's and Centerra's 'top-up right' to retain its 10.1% and 9.9% interest in the Company, respectively, as granted within the investor rights agreements dated November 5, 2021 and May 28, 2024. An aggregate of 209,054 common shares were issued at a price of $1.533 per share for aggregate consideration of $320,479.78 The common shares issuable in the private placement are subject to a statutory hold period in accordance with applicable securities legislation and the rules and policies of the TSXV expiring on September 10, 2025. As Sumitomo is the beneficial owner of more than 10% of Kenorland's outstanding shares, it is a 'related party' to the Company within the meaning of Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ('MI 61-101"). As such, the transaction constituted a 'related party transaction' within the meaning of MI 61-101. The Company has relied upon on exemptions from formal valuation and the minority shareholder approval requirements of MI 61-101 found in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of either transaction does not constitute more than the 25% of the Company's market capitalization. About Kenorland Minerals Kenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020. Kenorland is based in Vancouver, British Columbia, Canada. Further information can be found on the Company's website: On behalf of the Board of Directors, Zach Flood President, CEO & Director For further information, please contact: Alex Muir, CFA Corporate Development and Investor Relations Manager Tel +1 604 568 6005 [email protected] Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as 'plans', 'expects', 'estimates', 'intends', 'anticipates', 'believes' or variations of such words, or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will be taken', 'occur' or 'be achieved'. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading 'Risk Factors' and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or view the source version of this press release, please visit
Yahoo
02-05-2025
- Business
- Yahoo
3 Top TSX Dividend Stocks Yielding Over 3%
The Canadian market has shown resilience, with the TSX only slightly down from its record high, buoyed by strong performance in the materials sector. In this environment of cautious optimism and potential volatility, dividend stocks yielding over 3% can offer investors a stable income stream while providing some protection against market fluctuations. Name Dividend Yield Dividend Rating SECURE Waste Infrastructure (TSX:SES) 3.04% ★★★★★☆ Russel Metals (TSX:RUS) 4.17% ★★★★★☆ Royal Bank of Canada (TSX:RY) 3.56% ★★★★★☆ Olympia Financial Group (TSX:OLY) 6.94% ★★★★★☆ Savaria (TSX:SIS) 3.09% ★★★★★☆ Whitecap Resources (TSX:WCP) 9.37% ★★★★★☆ Power Corporation of Canada (TSX:POW) 4.36% ★★★★★☆ IGM Financial (TSX:IGM) 5.18% ★★★★★☆ Richards Packaging Income Fund (TSX: 6.08% ★★★★★☆ Acadian Timber (TSX:ADN) 6.71% ★★★★★☆ Click here to see the full list of 24 stocks from our Top TSX Dividend Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Centerra Gold Inc. is involved in the acquisition, exploration, development, and operation of gold and copper properties across North America, Turkey, and internationally with a market cap of CA$1.94 billion. Operations: Centerra Gold Inc.'s revenue is primarily derived from its operations at Öksüt ($465.69 million), Molybdenum ($253.01 million), and Mount Milligan ($495.80 million). Dividend Yield: 3% Centerra Gold offers a quarterly dividend of CAD 0.07 per share, equating to approximately USD 10.2 million in total. The dividend is well-covered by earnings and cash flows, with payout ratios of 51.7% and 29.1%, respectively, suggesting sustainability despite a history of volatility over the past decade. While the yield is lower than top Canadian dividend payers, recent profitability and exploration investments may enhance future prospects for consistent dividends. Unlock comprehensive insights into our analysis of Centerra Gold stock in this dividend report. Insights from our recent valuation report point to the potential undervaluation of Centerra Gold shares in the market. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Richards Packaging Income Fund, with a market cap of CA$306.41 million, operates in North America where it designs, manufactures, and distributes packaging containers and healthcare supplies. Operations: Richards Packaging Income Fund generates revenue primarily from its Wholesale - Miscellaneous segment, which amounts to CA$407.78 million. Dividend Yield: 6.1% Richards Packaging Income Fund provides a stable dividend with a payout ratio of 40.3%, indicating strong earnings coverage. The cash payout ratio is similarly low at 37.4%, suggesting sustainability. Despite trading at 51.5% below its estimated fair value, its dividend yield of 6.08% is slightly lower than the top Canadian payers but remains reliable and has grown consistently over the past decade, supported by recent affirmations and regular monthly distributions of CAD 0.11 per unit. Navigate through the intricacies of Richards Packaging Income Fund with our comprehensive dividend report here. Our comprehensive valuation report raises the possibility that Richards Packaging Income Fund is priced lower than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Whitecap Resources Inc. focuses on acquiring, developing, and producing petroleum and natural gas properties in Western Canada, with a market cap of CA$4.59 billion. Operations: Whitecap Resources Inc. generates its revenue primarily from the exploration and production of oil and gas, amounting to CA$3.41 billion. Dividend Yield: 9.4% Whitecap Resources reported a strong Q1 2025 with CAD 837.3 million in revenue and CAD 162.6 million net income, supporting its dividend of CAD 0.0608 per share, covered by earnings (47.2% payout ratio) and cash flows (67% cash payout ratio). Despite past volatility in dividends, the current yield stands at an attractive 9.37%. The strategic merger with Veren Inc., valued at $15 billion, positions Whitecap as a leading light oil producer in Canada, enhancing future profitability potential for shareholders. Dive into the specifics of Whitecap Resources here with our thorough dividend report. Our valuation report here indicates Whitecap Resources may be undervalued. Discover the full array of 24 Top TSX Dividend Stocks right here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. 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. Companies discussed in this article include TSX:CG TSX: and TSX:WCP. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
