Latest news with #Douta-West
Yahoo
14-04-2025
- Business
- Yahoo
Exploring Mako Mining And 2 Other Promising Canadian Small Caps
The Canadian market, like many others globally, has been navigating a period of heightened volatility due to trade tensions and shifting tariff policies. Despite these challenges, the current environment may present unique opportunities for investors willing to explore promising small-cap stocks such as Mako Mining and others that could potentially benefit from strategic positioning and resilience in uncertain times. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Total Energy Services 19.43% 15.31% 54.86% ★★★★★★ TWC Enterprises 4.89% 13.46% 20.23% ★★★★★★ Pinetree Capital 0.24% 59.68% 61.83% ★★★★★★ Genesis Land Development 46.48% 30.46% 55.37% ★★★★★☆ Mako Mining 8.59% 38.81% 59.80% ★★★★★☆ Itafos 28.17% 11.62% 53.49% ★★★★★☆ Corby Spirit and Wine 59.18% 8.79% -5.67% ★★★★☆☆ Queen's Road Capital Investment 8.87% 13.76% 16.18% ★★★★☆☆ Senvest Capital 81.59% -11.73% -12.63% ★★★★☆☆ Dundee 3.91% -36.42% 49.66% ★★★★☆☆ Click here to see the full list of 36 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener. We'll examine a selection from our screener results. Simply Wall St Value Rating: ★★★★★☆ Overview: Mako Mining Corp. is involved in gold mining and exploration activities in Nicaragua, with a market cap of CA$350.49 million. Operations: Mako Mining generates revenue primarily from its gold mining operations in Nicaragua. The company incurs costs related to exploration and production, which impact its profitability. Mako Mining, a nimble player in the mining sector, has been making waves with its impressive financial performance. Earnings surged by 181%, far outpacing the industry average of 34.5%. The company trades at a significant discount, about 83% below its estimated fair value, presenting potential upside for investors. Despite an increase in debt to equity from 0% to 8.6% over five years, Mako's cash position remains robust enough to cover its total debt and interest obligations comfortably. Recent acquisition of the Moss gold mine and ongoing projects like Eagle Mountain underscore Mako's strategic growth initiatives in precious metals exploration and production. Navigate through the intricacies of Mako Mining with our comprehensive health report here. Understand Mako Mining's track record by examining our Past report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Thor Explorations Ltd., with a market cap of CA$365.38 million, operates as a gold producer and explorer through its subsidiaries. Operations: Thor Explorations generates revenue primarily from the Segilola Mine Project, amounting to $150.41 million. Thor Explorations has been making strategic moves to bolster its position in the gold mining sector, with a focus on projects in Senegal and Nigeria. The company is advancing the Douta project towards a preliminary feasibility study, which could unlock significant project value. Recent drilling results from the Douta-West licence revealed promising gold intersections, including 19 meters at 2.46g/t Au and 26 meters at 1.31g/t Au, indicating potential for resource expansion. Financially, Thor's debt-to-equity ratio increased to 2.8% over five years but remains manageable given its strong earnings growth of 63.1% annually over this period and positive free cash flow of C$43 million as of September 2024 suggests robust financial health despite external challenges like diesel prices impacting net margins. Thor Explorations' strategic projects in Senegal and Nigeria could diversify income sources. Click here to explore the detailed narrative on Thor Explorations. Simply Wall St Value Rating: ★★★★★★ Overview: Winpak Ltd. is a company that manufactures and distributes packaging materials and related packaging machines across the United States, Canada, and Mexico with a market capitalization of CA$2.48 billion. Operations: Winpak generates revenue primarily from three segments: Flexible Packaging ($597.98 million), Rigid Packaging and Flexible Lidding ($499.31 million), and Packaging Machinery ($33.61 million). Winpak, a smaller player in the packaging sector, has demonstrated steady financial health with no debt over the past five years and an impressive 8.3% annual earnings growth during that period. Trading at 20.3% below its estimated fair value, it offers good relative value compared to peers. The company recently announced a share repurchase program for up to 5% of its shares and reported net income of US$149 million for 2024, slightly up from US$148 million in the previous year. Despite slower earnings growth than the industry average last year, Winpak's forecasted growth rate stands at 4.37%. Click here and access our complete health analysis report to understand the dynamics of Winpak. Gain insights into Winpak's past trends and performance with our Past report. Navigate through the entire inventory of 36 TSX Undiscovered Gems With Strong Fundamentals here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. 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 TSXV:MKO TSXV:THX and TSX:WPK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
Exploring Mako Mining And 2 Other Promising Canadian Small Caps
The Canadian market, like many others globally, has been navigating a period of heightened volatility due to trade tensions and shifting tariff policies. Despite these challenges, the current environment may present unique opportunities for investors willing to explore promising small-cap stocks such as Mako Mining and others that could potentially benefit from strategic positioning and resilience in uncertain times. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Total Energy Services 19.43% 15.31% 54.86% ★★★★★★ TWC Enterprises 4.89% 13.46% 20.23% ★★★★★★ Pinetree Capital 0.24% 59.68% 61.83% ★★★★★★ Genesis Land Development 46.48% 30.46% 55.37% ★★★★★☆ Mako Mining 8.59% 38.81% 59.80% ★★★★★☆ Itafos 28.17% 11.62% 53.49% ★★★★★☆ Corby Spirit and Wine 59.18% 8.79% -5.67% ★★★★☆☆ Queen's Road Capital Investment 8.87% 13.76% 16.18% ★★★★☆☆ Senvest Capital 81.59% -11.73% -12.63% ★★★★☆☆ Dundee 3.91% -36.42% 49.66% ★★★★☆☆ Click here to see the full list of 36 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener. We'll examine a selection from our screener results. Simply Wall St Value Rating: ★★★★★☆ Overview: Mako Mining Corp. is involved in gold mining and exploration activities in Nicaragua, with a market cap of CA$350.49 million. Operations: Mako Mining generates revenue primarily from its gold mining operations in Nicaragua. The company incurs costs related to exploration and production, which impact its profitability. Mako Mining, a nimble player in the mining sector, has been making waves with its impressive financial performance. Earnings surged by 181%, far outpacing the industry average of 34.5%. The company trades at a significant discount, about 83% below its estimated fair value, presenting potential upside for investors. Despite an increase in debt to equity from 0% to 8.6% over five years, Mako's cash position remains robust enough to cover its total debt and interest obligations comfortably. Recent acquisition of the Moss gold mine and ongoing projects like Eagle Mountain underscore Mako's strategic growth initiatives in precious metals exploration and production. Navigate through the intricacies of Mako Mining with our comprehensive health report here. Understand Mako Mining's track record by examining our Past report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Thor Explorations Ltd., with a market cap of CA$365.38 million, operates as a gold producer and explorer through its subsidiaries. Operations: Thor Explorations generates revenue primarily from the Segilola Mine Project, amounting to $150.41 million. Thor Explorations has been making strategic moves to bolster its position in the gold mining sector, with a focus on projects in Senegal and Nigeria. The company is advancing the Douta project towards a preliminary feasibility study, which could unlock significant project value. Recent drilling results from the Douta-West licence revealed promising gold intersections, including 19 meters at 2.46g/t Au and 26 meters at 1.31g/t Au, indicating potential for resource expansion. Financially, Thor's debt-to-equity ratio increased to 2.8% over five years but remains manageable given its strong earnings growth of 63.1% annually over this period and positive free cash flow of C$43 million as of September 2024 suggests robust financial health despite external challenges like diesel prices impacting net margins. Thor Explorations' strategic projects in Senegal and Nigeria could diversify income sources. Click here to explore the detailed narrative on Thor Explorations. Simply Wall St Value Rating: ★★★★★★ Overview: Winpak Ltd. is a company that manufactures and distributes packaging materials and related packaging machines across the United States, Canada, and Mexico with a market capitalization of CA$2.48 billion. Operations: Winpak generates revenue primarily from three segments: Flexible Packaging ($597.98 million), Rigid Packaging and Flexible Lidding ($499.31 million), and Packaging Machinery ($33.61 million). Winpak, a smaller player in the packaging sector, has demonstrated steady financial health with no debt over the past five years and an impressive 8.3% annual earnings growth during that period. Trading at 20.3% below its estimated fair value, it offers good relative value compared to peers. The company recently announced a share repurchase program for up to 5% of its shares and reported net income of US$149 million for 2024, slightly up from US$148 million in the previous year. Despite slower earnings growth than the industry average last year, Winpak's forecasted growth rate stands at 4.37%. Click here and access our complete health analysis report to understand the dynamics of Winpak. Gain insights into Winpak's past trends and performance with our Past report. Navigate through the entire inventory of 36 TSX Undiscovered Gems With Strong Fundamentals here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. 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 TSXV:MKO TSXV:THX and TSX:WPK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Globe and Mail
24-03-2025
- Business
- Globe and Mail
Thor Explorations Announces Drilling Results and Update on the Douta Gold Project, Senegal
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2025) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (" Thor" or the " Company") is pleased to announce it has drilled two discovery holes in its Douta-West licence. The Douta-West Licence lies contiguous to the west of the original Douta licence, which together, constitute the Douta Gold Project, Senegal (the "Douta Project"). The Douta Gold Project encompasses the Makosa gold deposit which currently comprises a total resource of approximately 1.78 million ounces ("Moz") of gold (" Au") that consists of an Indicated Resource of 20.2 million tonnes (" Mt") grading 1.3 grammes per tonne (" g/t") Au for 874,900 ounces of gold (" oz Au") together with an Inferred Resource of 24.1 Mt grading 1.2 g/t Au for 909,400 oz Au. The Company is pleased to announce the first set of drilling results from its 2025 regional exploration drilling program at the Baraka 3 Prospect on the Douta-West Licence. The Baraka 3 Prospect is a 1 kilometre (" km") long drill target delineated by the Company in 2024 through geological mapping, together with geochemical surveys and rock chip sampling. The two discovery drill holes were drilled one hundred metres apart in two adjacent drill sections. The remaining strike length will be drilled as part of an ongoing drilling program. Geochemical anomalies along this geological trend extend for approximately 3km. The assay results from the two discovery drill holes include: Drillhole DTWRC129 - 19 metres (" m") at 2.46g/t Au from 29m Drillhole DTWRC134 - 26m at 1.31 g/t Au from 21m In addition, the results have been received from a series of diamond drillholes that have been completed along the strike length from Makosa North to Makosa Tail deposits to test for depth extensions and to upgrade the classification towards the lower parts of the resource. The assay results from this drilling program include the following highlights: Drillhole DTDD0039 - 9m at 1.35g/t Au from 110m, and 9m at 2.06g/t Au from 127m Drillhole DTDD1040 - 3m at 5.3 g/t Au from 131m Drillhole DTDD1038 - 8m at 1.31g/t Au from 197m Drillhole DTRC0036 - 4m at 2.44g/t Au from 203m, and 6m at 1.71g/tAu from 220m Segun Lawson, President & CEO, stated: "We are thrilled to drill our first discovery holes on the Douta-West licence, which we acquired in Q1 last year. These holes intersected wide high-grade gold mineralisation which could complement the existing resource of the Douta Project. The results demonstrate the exploration upside potential that continues to exist on the Douta Project, and we will continue to advance exploration on the Douta-West licence with an updated drilling program. "We are also pleased to announce positive drilling results from an initial programme of deeper diamond holes at the Makosa North, Makosa and Makosa Tail prospects. The drilling was focussed on deeper parts of the resource that are currently classified mostly as Inferred. These results are expected to allow for an increase in Indicated Resources to be included in the Douta Preliminary Feasibility Study (" Douta PFS"). "We are preparing the Douta PFS for a technically robust and optimal economic outcome which will be significantly derisked and positioned to be fast tracked to a Definitive Feasibility Study and subsequently, an investment decision. Positive drilling results from the Baraka 3 Prospect and Makosa could potentially positively enhance the Douta Project. As such, the immediate focus is on completing the ongoing drilling programs on Baraka 3 and infill RC drilling on the shallow inferred resources at Makosa North and Makosa East, to upgrade to indicated classification so that it can be incorporated into the Douta mine plan. We will provide an updated timeline on the Douta PFS when all the drilling results have been received." To view an enhanced version of this graphic, please visit: Introduction to Drilling Results The Douta Gold Project comprises two exploration permits located within the Kéniéba inlier, eastern Senegal. The Douta mining lease application (Demande) No.11618 (formerly EL02038) is held by Thor, through its wholly owned subsidiary African Star Resources Incorporated ("African Star") which acquired a 70% economic interest in the licence through a joint venture agreement with the permit holder International Mining Company SARL (" IMC"). IMC has a 30% free carry until the announcement by Thor of a probable reserve. The Douta-West exploration licence is also held by Thor through African Star which acquired a 70% economic interest in the licence through a joint venture agreement with the permit holder Birima Gold Resources Consulting (" Birima Gold"). Birima Gold has a 30% free carry until the completion of a Preliminary Feasibility Study (" PFS"), at which point Birima must contribute to exploration and development funding of licence or have their economic interest diluted to a minimum 5% free carry. The Douta-West Project, comprising exploration permit E03709, is contiguous with Thor's Demande No.11618 (Figure 1). Douta-West is operated by Thor under an agreement with Birima Gold Resources Consulting and encompasses several historic gold-in-soil geochemical anomalies that extend south from the southern end of the Makosa Tail prospect and that also run parallel and to the north of the known Makosa trend in a corridor that occupies the ground between Makosa and Endeavour Mining's Masawa gold mine. The Company also has an interest in the Sofita Gold Exploration Licence 03634, located about 45km southwest of the Douta Project and is operated by Thor under an agreement with Sofita Services Et Logistiques (Figure 1). Douta-West Exploration Drilling Results An initial Reverse Circulation (" RC") drilling programme comprising 30 holes with an average depth of 50m was completed near the southern boundary of the Douta-West exploration permit in February 2025. The drilling targeted a termite-mound geochemical anomaly located north from a series of shallow artisanal workings. Drill samples were analysed by ALS Laboratories in Mali using the AA26 fire assay method (50 gram charge). Results have so far been received for seven holes that are located towards the southern end of the drill pattern (Figure 2). The complete table of results is shown in Appendix 1. The significant intersections from this program are listed in Table 1. Table 1: Baraka 3 Prospect Significant Results (0.5 g/t Au lower cut off; minimum width 3m with 3m max internal waste) To view an enhanced version of this graphic, please visit: The geology at Baraka 3 comprises a steep west-dipping succession of greywackes and shale. Gold mineralisation is developed over a true width of between 12 and 17m and is associated with a greywacke-hosted quartz-carbonate stockwork that features strong limonitic and sericitic alteration. The main structure, which is oriented in a northerly direction, has been intersected on two adjacent drill sections. Drill results are pending on the two northern sections. To date drilling has been confined to the southern part of one of six discrete geochemical anomalies that have been defined by termite mound sampling over an area that extends for over 3km from Baraka 3 (Figure 3). Target Area 1 extends for over 1km in a northerly direction and, towards the south, follows a trend of artisanal workings and quartz vein exposures. The mineralisation has been confirmed over a 250m strike length. This represents a small fraction of the overall anomalous trend, along which discrete geochemical anomalies extend for a distance of approximately 3km towards the north (Figure 3). These anomalies, which include point values of 2.056 g/tAu and 7.97 g/t Au, suggest that the mineralised structure continues beneath cover in this direction. In the coming months these anomalies will be tested with RC drilling. The Company considers these initial results to be highly encouraging as they open a new exploration opportunity with the potential to form a satellite deposit to the main Makosa resource area. To view an enhanced version of this graphic, please visit: Diamond Drilling Results During January 2025, Thor completed a diamond drilling program totalling 1,159m for five holes with an average depth of 232m. The objective of the program was to test the depth extensions of the resource in order to upgrade the classification. (Figure 4). The significant intersections from this program are listed in Table 1. All results are reported in Appendix 1. Drill samples were analysed by ALS Laboratories in Mali using the AA26 fire assay method (50 gram charge). To view an enhanced version of this graphic, please visit: Prospect Hole ID Easting Northing Depth Dip Azimuth From (m) To (m) Interval (m) Grade (g/tAu) True Width (m) Makosa North DTDD0036 177410 1438705 246 -60 130 203 207 4.0 2.44 2.6 DTDD0036 220 226 6.0 1.71 3.9 Makosa DTDD0037 175461 1436300 301 -60 130 nsr Makosa DTDD0038 175154 1436001 279 154 159 5.0 0.85 3.1 DTDD0038 197 205 8.0 1.31 4.9 Makosa Tail DTDD0039 174489 1434996 180 -60 130 110 119 9.0 1.35 5.6 DTDD0039 127 136 9.0 2.06 5.7 DTDD0039 140 150 10.0 0.79 6.4 DTDD0039 155 160 5.0 1.03 3.2 Makosa Tail DTDD0040 173874 1433774 153 -60 130 131 134 3.0 5.30 1.9 Table 2: Douta Project Significant Results (0.5 g/t Au lower cut off; minimum width 2m with 2m max internal waste) Apart from DTDD0037, which confirmed a pinch-out at depth, all the drillholes intersected mineralisation either near or below the base of the optimised pit shell (Figure 5). At Makosa North, which is mostly classified as inferred, drillhole DTDD0036 intersected mineralisation 155m below the nearest RC hole and 80m vertically below the base of the pit shell. Further drilling of Makosa East which located 150m to the east of Makosa North is planned to upgrade this part of the resource (Figure 5). Figure 5: Drillhole Cross Sections To view an enhanced version of this graphic, please visit: The Company believes that the results of these diamond drillholes will have a positive impact on both the classification and global tonnage of the resource. As most of the Makosa North and Makosa East resource is currently classified as Inferred and therefore not included in the Douta PFS mine plan, additional RC infill drilling will be undertaken with the aim of upgrading the existing Inferred Resource to Indicated, which will potentially enable inclusion of these resources in the Douta PFS mine plan, which, if included, would have a positive impact on the economics of the Douta PFS. Confirmation of Director appointment Further to the announcement of 30 January 2025, the Company is pleased to confirm the appointment of Franklyn Obinna Edochie, 38, to the Board of the Company. Franklyn's conditional appointment (being subject to satisfactory completion of due diligence by the Company's Nominated Adviser and relevant approvals from the TSX Venture Exchange) was announced following selection by the Africa Finance Corporation as their representative on Thor's Board of Directors, replacing Osam Iahen. There are no disclosures regarding Franklyn Obinna Edochie to be made for the purposes of Schedule 2(g) of the AIM Rules for Companies. Qualified Person The above information has been prepared under the supervision of Alfred Gillman (Fellow AusIMM, CP), who is designated as a "qualified person" under National Instrument 43-101 and the AIM Rules and has reviewed and approves the content of this news release. He has also reviewed QA/QC, sampling, analytical and test data underlying the information. About Thor Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria. Mining and production commenced at Segilola in 2021. Thor holds a 70% interest in the Douta Gold Project located in south-eastern Senegal. Thor trades on the TSX Venture Exchange under the symbol "THX". THOR EXPLORATIONS LTD. Segun Lawson President & CEO 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. This press release does not constitute an offer to purchase securities. The securities to be offered in the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements. Cautionary Note Regarding Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements" within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions that could cause the actual results of the Company to differ materially form the forward-looking statements. Such forward-looking statements, including but not limited to, the Company's ability to fully finance the Project, to bring the Project into operation or to produce gold from the Project, and the use of the proceeds. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time. Appendix 1 Baraka 3 Drillhole Summary NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
