Latest news with #PanGlobalResources
Yahoo
05-06-2025
- Business
- Yahoo
PAN GLOBAL ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU VANCOUVER, BC, June 5, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce effective June 16, 2025 the appointment of Justin Byrd as Chief Financial Officer ('CFO"), replacing Andy Marshall who will remain with the Company until June 30 to ensure an orderly transition. Mr. Byrd has a Master of Business Administration from Arizona State University and a Master of Science in Economics and Finance from Southern Illinois University. Mr. Byrd served as Chief Financial Officer for Mayfair Gold until July 2024 where he managed all finance, accounting, and corporate secretarial functions whilst progressing from private company, through initial public offering on the TSX Venture Exchange, to the company being named a 2024 OTCQX Best 50 performing company with a market capitalization of more than C$250 million. Prior to this, he held senior finance roles outside of mining where he was involved in cost analysis, forecasting, inventory management, pricing, and financial modelling. "We welcome Justin to the senior management team for Pan Global. He is joining the Company at an exciting time with ongoing drill programs on new targets at two projects in Spain, a maiden resource at the La Romana copper-tin-silver deposit planned for later 2025, a potential new gold discovery in the north of Spain and other opportunities to grow the Company. His experience in working from early-stage exploration, financing and progression to C$250 million company with an advanced project will benefit our shareholders," said Tim Moody, Pan Global President and CEO. "On behalf of the Board of Pan Global, I thank Andy Marshall for the high degree of professionalism and experience he has provided as CFO over the past three years while the Company has continued to grow its asset base in Spain. We are grateful to Andy for his continued support through the transition and we all wish him success in the future," said Mr. Moody. "Pan Global offers a dynamic environment with two active projects being drilled and multiple discoveries already made in Spain, including the recent gold discovery at the Cármenes Project. I look forward to meeting investors, supporting the management team and Board of Directors as the Company pursues the next stage to create value," said Justin Byrd. Mr. Byrd has been granted 500,000 stock options of the Company. The stock options were granted pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each stock option entitles the holder to purchase one common share of the Company at a price of $0.145 per common share for a period of five years from the date of grant. The options will vest over three years from the effective date of Mr. Byrd's appointment, with 250,000 vesting 12 months after the effective date and 125,000 vesting on the second and third anniversaries of the effective date. About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. 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. SOURCE Pan Global Resources Inc. View original content to download multimedia: 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
Yahoo
31-05-2025
- Business
- Yahoo
We Think Pan Global Resources (CVE:PGZ) Needs To Drive Business Growth Carefully
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So, the natural question for Pan Global Resources (CVE:PGZ) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Pan Global Resources last reported its January 2025 balance sheet in May 2025, it had zero debt and cash worth CA$5.8m. In the last year, its cash burn was CA$5.8m. That means it had a cash runway of around 12 months as of January 2025. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. The image below shows how its cash balance has been changing over the last few years. See our latest analysis for Pan Global Resources Because Pan Global Resources isn't currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Even though it doesn't get us excited, the 42% reduction in cash burn year on year does suggest the company can continue operating for quite some time. Pan Global Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow. While Pan Global Resources is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate). Since it has a market capitalisation of CA$40m, Pan Global Resources' CA$5.8m in cash burn equates to about 15% of its market value. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted. The good news is that in our view Pan Global Resources' cash burn situation gives shareholders real reason for optimism. One the one hand we have its solid cash burn relative to its market cap, while on the other it can also boast very strong cash burn reduction. We don't think its cash burn is particularly problematic, but after considering the range of factors in this article, we do think shareholders should be monitoring how it changes over time. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Pan Global Resources (of which 3 make us uncomfortable!) you should know about. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts) 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. 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
21-05-2025
- Business
- The Market Online
Gold Report: Exploration, development and recycling upside
Pan Global Resources (TSXV:PGZ) discovered significant near-surface gold from its first drillhole on its 5,653-hectare Cármenes project in Spain, confirming recent prospective soil, trench and channel samples. Click here for the full story. By the ounce At the time of writing on Tuesday, the price of gold was US$3,284.60, up from US$3,250.10 per ounce in our May 14 report, according to data from The Globe and Mail, driven by slowing U.S. inflation and easing trade tensions. This week in gold New Age Metals (TSXV:NAM) gets the green light for grassroots-level exploration on its gold-antimony properties in Newfoundland, which lie near New Found Gold's Queensway South gold project and along the same geological trend as Canada's only past-producing primary antimony mine. Agnico Eagle Mines (TSX:AEM), the third-largest gold producer in the world, increased its stake in copper-zinc-gold-silver explorer and developer Foran Mining (TSX:FOM) to the tune of C$90 million. EnviroGold Global (CSE:NVRO) detailed numerous recent milestones in the go-to-market strategy for its proprietary process to recover precious and critical metals from mine waste and tailings. Top trending gold stocks Join the discussion: Find out what everybody's saying about the stocks in this week's gold report 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.
The Market Online
20-05-2025
- Business
- The Market Online
Pan Global proves potential for large gold discovery in Spain
Pan Global Resources (TSXV:PGZ) yielded significant near-surface gold from its first drillhole (PDV02) on its 5,653-hectare Cármenes project in Spain, backing up recent soil, trench and channel samples Highlights include 46 m at 1.08 grams per ton gold from 24 m down-hole Pan Global explores for copper and gold in mining-friendly Spain guided by a leadership team proven in the areas of exploration, discovery, development and mine operations Pan Global Resources stock has given back 37.50 per cent year-over-year and 45.65 per cent since 2020 Pan Global Resources (TSXV:PGZ) yielded significant near-surface gold from its first drillhole (PDV02) on its 5,653-hectare Cármenes project in Spain, backing up recent soil, trench and channel samples. Highlights include 46 m at 1.08 grams per ton (g/t) gold from 24 m down-hole, including 4 m at 6.27 g/t gold and 0.25 g/t platinum and palladium from 66 m, associated with strong multi-stage hydrothermal breccia. The maiden six-hole program seeks to expand mineralization tied to the historical Providencia copper, cobalt and nickel underground mine. The target area extends for more than 250 m x 150 m, has no previous drilling or reports of gold mineralization, and features samples of strongly anomalous copper, gold, nickel, cobalt and lead. Channel sampling is underway with assay results for drillholes PVD03 and PVD04 expected within three weeks, the latter intersecting breccia over more than 120 m near surface. Management is also studying a recently completed helicopter electromagnetic, magnetic and radiometric survey to identify additional drill targets on the project. Leadership insights 'The first drill results at the Providencia target represent an exceptional start to Pan Global's maiden drill program at Cármenes, confirming discovery of previously unknown near-surface gold mineralization over a wide interval,' Tim Moody, Pan Global Resources' president and chief executive officer, said in a statement. 'The results expand the breccia-hosted mineralization south of the historical high-grade copper, cobalt and nickel mine workings at Providencia and is wide open. The new gold zone occurs as a potential halo to the copper-rich mineralization found in the mine workings.' 'Multiple targets have been identified from soil geochemistry and mapping in the immediate area around Providencia, including the large untested Profunda target located 1 km to the south. This further highlights the potential for additional discoveries in the Cármenes Project,' Moody added. About Pan Global Resources Pan Global explores for copper and gold in mining-friendly Spain guided by a leadership team proven in the areas of exploration, discovery, development and mine operations. Pan Global Resources stock (TSXV:PGZ) last traded at C$0.12. The stock has given back 37.50 per cent year-over-year and 45.65 per cent since 2020. Join the discussion: Find out what everybody's saying about this copper and gold stock on the Pan Global Resources Inc. 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.
