Latest news with #PaulsonCo
Yahoo
5 days ago
- Business
- Yahoo
John Paulson's Strategic Moves: A Closer Look at Perpetua Resources Corp
Insights from the Second Quarter 2025 13F Filing John Paulson (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. John Paulson (Trades, Portfolio) is the President and Portfolio Manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the 3rd largest hedge fund in the world managing approximately $29 billion in merger, event, and distressed strategies. Mr. Paulson received his Masters of Business Administration with high distinction, as a Baker Scholar, from Harvard Business School in 1980. He graduated summa cum laude in Finance from New York University's College of Business and Public Administration in 1978. Prior to forming Paulson in 1994, John was a general partner of Gruss Partners and a managing director in mergers and acquisitions at Bear Stearns. John Paulson (Trades, Portfolio), a former mergers and acquisitions banker, established his firm as a merger arbitrage hedge fund manager, seeking to make money from situations when one public company announces plans to take over another. Merger arbitrage hedge funds primarily study equity markets, but they also research the market for credit default swaps, a form of insurance that starts paying out as soon as a credit security falls in value. Warning! GuruFocus has detected 6 Warning Signs with MDGL. Summary of New Buy John Paulson (Trades, Portfolio) added a total of 2 stocks, among them: The most significant addition was Juniper Networks Inc (JNPR), with 250,000 shares, accounting for 0.5% of the portfolio and a total value of $9.98 million. The second largest addition to the portfolio was Alphabet Inc (NASDAQ:GOOG), consisting of 9,000 shares, representing approximately 0.08% of the portfolio, with a total value of $1.60 million. Key Position Increases John Paulson (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them: The most notable increase was Perpetua Resources Corp (NASDAQ:PPTA), with an additional 7,575,757 shares, bringing the total to 32,347,299 shares. This adjustment represents a significant 30.58% increase in share count, a 4.57% impact on the current portfolio, with a total value of $392.70 million. The second largest increase was Bausch Health Companies Inc (NYSE:BHC), with an additional 6,352,667 shares, bringing the total to 32,791,702. This adjustment represents a significant 24.03% increase in share count, with a total value of $218.39 million. Summary of Sold Out John Paulson (Trades, Portfolio) completely exited 1 holding in the second quarter of 2025, as detailed below: Intra-Cellular Therapies Inc (ITCI): John Paulson (Trades, Portfolio) sold all 21,500 shares, resulting in a -0.16% impact on the portfolio. Key Position Reduces John Paulson (Trades, Portfolio) also reduced his position in 1 stock. The most significant changes include: Reduced Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) by 10,000 shares, resulting in a -0.48% decrease in shares and a -0.19% impact on the portfolio. The stock traded at an average price of $298.48 during the quarter and has returned 26.58% over the past 3 months and 19.71% year-to-date. Portfolio Overview At the second quarter of 2025, John Paulson (Trades, Portfolio)'s portfolio included 15 stocks, with top holdings including 31.44% in Madrigal Pharmaceuticals Inc (NASDAQ:MDGL), 19.53% in Perpetua Resources Corp (NASDAQ:PPTA), 15.68% in Acadian Asset Management Inc (NYSE:AAMI), 10.86% in Bausch Health Companies Inc (NYSE:BHC), and 5.54% in Novagold Resources Inc (NG). The holdings are mainly concentrated in 6 of the 11 industries: Healthcare, Basic Materials, Financial Services, Communication Services, Industrials, and Technology. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. 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
19-06-2025
- Business
- Yahoo
Perpetua Resources closes $425m financing to fund Stibnite Gold Project
Perpetua Resources has closed an upsized public offering and a private placement, raising $425m in financing to advance the Stibnite Gold Project in the US. The company announced the closure of its upsized $325m public offering of 24,622,000 common shares at $13.20 each. Concurrently, a $100m private placement of 7,575,757 common shares to Paulson & Co. was also completed. National Bank of Canada Financial Markets and BMO Capital Markets served as the joint lead bookrunning managers for the offering. This financing is in conjunction with an application for up to $2bn in project financing from the Export-Import Bank of the United States (EXIM), submitted in May 2025. The funds will contribute to equity requirements for the EXIM debt financing, with additional funds supporting exploration, working capital and general corporate purposes. The due diligence on the EXIM application is ongoing, with the debt financing's closure anticipated in 2026. If successful, the financing will cover the project's construction costs of $2.2bn, along with additional funds for cost overruns, debt service and working capital. Furthermore, Perpetua is in advanced discussions regarding financial assurances for reclamation bonds. The company is seeking a $155m guarantee and indemnification, alongside proceeds of $200m–250m, in exchange for a gold net smelter return royalty or a gold stream. This arrangement is expected to be finalised in summer 2025 and will enable the company to meet financial assurance conditions for federal and state permits. Additionally, the underwriters have been granted an option to purchase up to an additional 3,693,300 common shares, which could increase the aggregate gross proceeds of the offering to approximately $374m if exercised in full. "Perpetua Resources closes $425m financing to fund Stibnite Gold Project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Globe and Mail
16-06-2025
- Business
- Globe and Mail
Perpetua Resources Closes US$425 Million Financing as part of Comprehensive Financing Package for Stibnite Gold Project
BOISE, Idaho, June 16, 2025 /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that it has closed its previously announced upsized US$325 million public offering of 24,622,000 common shares, no par value, of the Company (the "Common Shares") at a price of US$13.20 per Common Share (the "Offering"). Concurrently with the closing of the Offering, the Company closed its US$100 million private placement of 7,575,757 Common Shares to Paulson & Co. Inc. (the "Private Placement").
