Latest news with #Eminent
Yahoo
15-05-2025
- Business
- Yahoo
Kinross Gold Completes Acquisition of 9.9% Stake in Eminent Gold
Kinross Gold Corporation KGC has acquired a total of 7,574,237 units of Eminent Gold Corp., paying 40 cents per unit for a total investment of around $3 million. This transaction was pursuant to the completion of Eminent's private placement of 10,711,900 units. Each unit includes one common share of Eminent and one-half of a share purchase warrant. Every warrant allows the holder to buy one common share at a price of 70 cents for a period of 24 months from the date of this acquisition, Kinross had no ownership or control over any securities of Eminent. Following the transaction, Kinross now holds a total of 7,574,237 common shares and 3,787,118 warrants. This represents about 9.9% of Eminent's issued and outstanding shares on a non-diluted basis and approximately 14.15% on a partially diluted of Kinross have surged 72% in the past year compared with a 26.7% rise of the industry. Image Source: Zacks Investment Research Kinross aims to produce 2 million gold equivalent ounces (+/- 5%) at a production cost of sales per gold equivalent ounce of $1,120 (+/- 5%), with an all-in sustaining cost of $1,500 (+/- 5%) per ounce sold in 2025. Total attributable capital expenditures are expected to be $1,150 million (+/-5%). Kinross Gold Corporation price-consensus-chart | Kinross Gold Corporation Quote KGC currently carries a Zacks Rank #2 (Buy).Other top-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKNCarpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 112% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for Idaho Strategic Resources' current-year earnings is pegged at 21 cents. IDR, carrying a Zacks Rank #2, surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing twice, with an average earnings surprise of 21.7%. The company's shares have rallied 28% in the past which currently carries a Zacks Rank #1, beat the consensus estimate in one of the trailing four quarters, while missing thrice. In this time frame, it has delivered an earnings surprise of roughly 6.1%, on average. The company's shares have rallied 57.3% in the past year. 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 Kinross Gold Corporation (KGC) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report Idaho Strategic Resources, Inc. (IDR) : 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
The Market Online
07-05-2025
- Business
- The Market Online
Eminent Gold delivers more prospective drilling in Nevada
Eminent Gold (TSXV:EMNT) has completed the third drill core hole on its Hot Springs Range project in Humboldt County, Nevada, an analogous asset to the 50-million-ounce Getchell Trend A preliminary visual assessment indicates geological continuity with previous drilling Eminent Gold is focused on generating shareholder value through exploration in Nevada backed by a leadership team with multiple successes in gold discoveries Eminent Gold stock has added 44.83 per cent year-over-year Eminent Gold (TSXV:EMNT) has completed the third drill core hole on its Hot Springs Range project in Humboldt County, Nevada, an analogous asset to the 50-million-ounce Getchell Trend. The drillhole in question, HSC004, tested gold mineralization in and around the northeast (NE)-trending Otis Fault. HSC002, drilled parallel to the fault only 150 metres away, returned multiple gold zones grading up to 8 grams per ton (g/t), as detailed in news releases on January 16 and February 5, 2025. Visual inspection of HSC004 core shows alteration similar to HSC002, suggesting geological continuity between the drillholes, though assays remain pending, including for drillhole HSC003 testing a northwest-oriented structure. The news follows a $3 million investment in Eminent by major producer Kinross Gold (TSX:K) announced on Monday. Leadership insights 'We are very excited about our ongoing drill program at HSRP, with two holes pending assay results, as we are currently planning our fourth hole,' Paul Sun, Eminent Gold's president and chief executive officer, said in a statement. 'The company is well-financed to continue drilling at HSRP, as well as to drill its inaugural holes at the Celts project.' 'According to Nevada Gold Mines, the NE trending faults at Turquoise Ridge provide the best upside potential for expanding the resource and reserve,' added Dan McCoy, Eminent Gold's chief geologist. 'Hole HSC002 indicates that mineralization associated with the NE trending Otis fault provides us with an analogous geometry. However, hole HSC002 did not cross this structure, whereas hole HSC004 is designed to cross the structure at the same depth as the best gold hits in HSC002. We are pleased with the visual results to date.' About Eminent Gold Eminent Gold is focused on generating shareholder value through exploration in Nevada backed by a leadership team with multiple successes in gold discoveries. Eminent Gold stock (TSXV:EMNT) is up by 3.7 per cent on the news trading at C$0.42 per share as of 12:45 pm ET. The stock has added 44.83 per cent year-over-year. Join the discussion: Find out what everybody's saying about this Nevada gold stock on the Eminent Gold Corp. Bullboard and check out the rest of 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.
Yahoo
07-05-2025
- Business
- Yahoo
Eminent Provides Drilling Update at Hot Springs Range Project
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Eminent Gold Corp. (TSXV: EMNT) (OTCQB: EMGDF) (FSE: 7AB) ("Eminent" or the "Company") is pleased to provide an update on its ongoing drill program at the Hot Springs Range Project ("HSRP") in northern Humboldt County, Nevada, an analogue to the prolific 50-million-ounce Getchell Trend1 (see Figures 1-2 for property and target locations). The Company has successfully completed its third drill core hole, HSC004 (following the early termination of HSC001 at a shallow depth) and is now awaiting assay results for both HSC003 and HSC004. Dan McCoy, Chief Geologist and Director commented: "According to Nevada Gold Mines, the NE trending faults at Turquoise Ridge provide the best upside potential for expanding the resource and reserve4. Hole HSC002 indicates that mineralization associated with the NE trending Otis fault provides us with an analogous geometry. However, Hole HSC002 did not cross this structure, whereas Hole HSC004 is designed to cross the structure at the same depth as the best gold hits in HSC002. We are pleased with the visual results to date." Drilling Update Eminent's recently completed hole, HSC004, was designed to test gold mineralization in and around the northeast (NE)-trending Otis Fault (see Figures 3-5 for plan and section views, as well as hole azimuths and dips). Hole HSC002, drilled parallel to this fault, encountered multiple zones with gold intercepts of up to 8 grams per tonne (g/t), which the company released in news releases dated January 15 and February 5, 2025. HSC004 was designed to cross the Otis Fault at a location approximately 150 meters offset from HSC002, at the same depth. While assay results are pending, an initial visual examination of the core indicates alteration features similar to those observed in HSC002. These observations suggest potential continuity of geological characteristics along the Otis Fault corridor; however, confirmation will require further analytical testing. Eminent is also awaiting the complete assay results from Hole HSC003, which tested a northwest oriented structure. Paul Sun, President and CEO of the Company commented: "We are very excited about our ongoing drill program at HSRP, with two holes pending assay results, as we are currently planning our fourth hole. The Company is well-financed to continue drilling at HSRP, as well as to drill its inaugural holes at the Company's Celts project." All scientific and technical information in this news release has been prepared by, or approved by Michael Dufresne, Mr. Dufresne is an independent qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Yahoo
05-05-2025
- Business
- Yahoo
Kinross announces ownership of shares of Eminent Gold Corp.
(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation ('Kinross' or the 'Company') (TSX: K, NYSE: KGC) announced today that it has acquired an aggregate of 7,574,237 units (each, a 'Unit') of Eminent Gold Corp. ('Eminent') at a price of $0.40 per Unit and an aggregate purchase price of $3,029,694.80 (the 'Acquisition'), pursuant to the closing of a private placement by Eminent of 10,711,900 Units. Each Unit consisted of one common share in the capital of Eminent (each, a 'Share') and one-half of one Share purchase warrant (each whole warrant being a 'Warrant'). Each Warrant shall entitle the holder thereof to acquire one Share at an exercise price of $0.70 per Share for a period of 24 months from their issuance. Prior to the Acquisition, Kinross did not own or have control over any securities of Eminent. As a result of the Acquisition, Kinross acquired an aggregate of 7,574,237 Shares and 3,787,118 Warrants, representing approximately 9.9% of the issued and outstanding Shares on a non-diluted basis and 14.15% of the issued and outstanding Shares on a partially diluted basis. An early warning report filed by Kinross in connection with the investment will be available on Eminent's SEDAR+ profile at Alternatively, you may contact Luke Crosby, Senior Vice President, General Counsel and Corporate Secretary at 647-788-4478 to obtain a copy of the report. Kinross is organized under the laws of the Province of Ontario and its head office is located at 25 York Street, 17th Floor, Toronto, Ontario M5J 2V5. Eminent's head office is located at 1055 West Georgia Street, 1500 Royal Centre, PO Box 11117, Vancouver, British Columbia V6E 4N7. Kinross acquired the Units for investments purposes. Kinross may, from time to time, increase or decrease its investment in the Issuer through market transactions, private placements, treasury issuances or otherwise, including pursuant to the terms of the Investor Rights Agreement between Kinross and the Issuer. Kinross has agreed to a standstill at 19.9%, calculated on a partially diluted basis. About Kinross Gold Corporation Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC). Media Contact Victoria BarringtonSenior Director, Corporate Communicationsphone: _______________________________________ Investor Relations ContactDavid ShaverSenior Vice-President, Investor Relations and Communicationsphone: 416-365-2854InvestorRelations@ Source: Kinross Gold CorporationSign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
Eminent Closes Private Placement Including $3 Million Strategic Investment by Kinross Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Eminent Gold Corp. (TSXV: EMNT) (FSE: 7AB) ("Eminent" or the "Company") is pleased to announce that, further to its news releases dated April 7, 2025, the Company has closed its non-brokered private placement (the "Offering") which included participation by Kinross Gold Corp. ("Kinross"), one of North America's largest gold producers. As part of the Offering, the Company issued an aggregate of 10,711,900 units ("Units") at $0.40 per Unit, for gross proceeds of $4,284,760, with Kinross acquiring 7,574,237 Units. Each Unit consists of one common share of the Company (a "Common Share") and one-half common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.70, exercisable for 24 months following the closing of the Offering. Kinross now owns 9.9% of the outstanding shares of the Company and has the right to maintain its 9.9% interest in future financings subject to certain exceptions. Furthermore, Kinross will have a right to increase its ownership percentage to 19.9% of the outstanding shares, calculated on a partially diluted basis, including other rights and obligations as described in the April 7, 2025, news release. The net proceeds from the Offering will primarily support drilling at the Hot Springs Range Project—an analogue to the 50-million-ounce gold Getchell Trend1—as well as at the Celts Project, a direct analogue to AngloGold Ashanti's Silicon deposit in Nevada's prolific Walker Lane Trend. In addition, a portion of the proceeds will be allocated to working capital, accounts payable, and marketing services. Paul Sun, President and CEO of the Company, commented: "Kinross's strategic investment in Eminent is a strong endorsement of our team, our vision, and the exceptional potential of the Hot Springs Range and Celts Projects, which exhibit compelling geological similarities to some of Nevada's most significant gold deposits. This funding allows us to advance drilling with a disciplined approach, ensuring efficient execution of our exploration plans, including the launch of our inaugural drill program at Celts. We are excited to build on this momentum and continue unlocking the untapped potential within our projects." Minvisory Corp. acted as the Company's financial advisor and McMillan LLP acted as the Company's legal advisors in connection with the strategic investment. The Company paid a success fee of $151,484 and 378,711 Warrants to Minvisory Corp. in connection with the strategic investment. Additionally, the Company paid cash fees of $16,510 and issued 27,500 broker warrants (the "Broker Warrant") to registered dealers in relation to the Offering. Each Broker Warrant entitles the holder to subscribe for one Share at $0.70 until May 2, 2027. Furthermore, the Company has entered into an agreement with Scout Drilling LLC ("Scout"), under which Scout will receive 520,163 Units in exchange for US$150,000 for past drilling services rendered by Scout. The Offering is being conducted in reliance upon certain prospectus and private placement exemptions. The securities issued under the Offering will be subject to a hold period in Canada expiring September 3, 2025. The common shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. ON BEHALF OF THE BOARD OF DIRECTORS Paul SunCEO & Director For further information, please contact: Eminent Gold Corp. Phone: +1 604-505-7751 Email: michael@ Website: Twitter: @eminent_gold LinkedIn: About Eminent Gold Eminent Gold is a gold exploration company focused on creating shareholder value through the exploration and discovery of world-class gold deposits in Nevada. Its multidisciplinary team has had multiple successes in gold discoveries and brings expertise and new ideas to the Great Basin. The Company's exploration assets in the Great Basin include: Hot Springs Range Project, Gilbert South, and Celts. 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 news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements made in this news release include the anticipated completion of the private placement and the use of proceeds from the private placement. Although Eminent Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including the assumption that records and reports of historical work are accurate and correct, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Company's projects or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of gold, silver and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Company's projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. To view the source version of this press release, please visit Sign in to access your portfolio
