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EquitiesFirst and Institutional Investor Launch New Regional Reports Providing Equity Markets Outlooks for Asia Pacific, Europe and North America

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Revealing divergent expectations across regional institutional investors with stark divide in anticipated volatility between the East and West

  • 82% of institutional investors in North America and Europe foresee volatility increase, compared to only 54% in Asia Pacific
  • Investors in Asia Pacific much more concerned about trade relations, tariffs and geopolitical tensions than elsewhere
  • Energy worries far more prominent among investors in Europe, while North American investors are more preoccupied with cyber-attacks

HONG KONG, Sept. 20, 2023 /PRNewswire/ — A collection of newly released regional reports from EquitiesFirst, the global equities-based financing specialist, in partnership with business-to-business publisher Institutional Investor, reveals key differences in the expectations and strategies of equity investors focused on Asia Pacific, Europe and North America. The reports, produced as part of EquitiesFirst’s 20th anniversary research programme, mark the latest milestone in a research partnership which previously published a landmark global study on the outlook for equity markets in May 2023.

Though there is scant divergence in the mean return expectations of equity investors across Asia Pacific (6%), Europe (5.7%) and North America (5.9%), the regional reports revealed a stark divide in anticipated market volatility between East and West. In North America and Europe, 82% of investors expect volatility will increase either somewhat or substantially over the next year-and-a-half, compared to only 54% in Asia Pacific. Moreover, a significantly higher share in Europe (36%) anticipated a substantial increase than in North America (21%).

The reports contain several other valuable market-focused insights, derived by applying EquitiesFirst’s thought leadership in financial innovation and the extensive research capabilities of Institutional Investor’s Custom Research Lab to capture and distil the views of more than 300 CIOs, portfolio managers and other investment decision-makers at global financial institutions.

Key regional variations and nuance that should help inform investment decisions were highlighted in the reports. Among these are notable differences in where the biggest expected risks to equity markets in each region lie.

            Key findings include:

  • Trade and geopolitical tensions weigh on Asia Pacific: Investors focused on Asia Pacific (60%) are much more likely to see trade relations and tariffs as having a major impact on equity markets over the next 18 months than those in North America and Europe. They are also much more concerned about cross-strait relations, while those in Europe are preoccupied with war in Ukraine. Meanwhile, in North America, cyber-attacks on governments and companies by rogue actors are a bigger concern than elsewhere.
  • Energy concerns high on European investors’ minds: Investors in Europe are far and away the most anxious about energy cost and availability. Just 6% of investors in Asia Pacific and 3% in North America ranked this as a macroeconomic factor likely to have the greatest impact on equity markets, compared to over 70% in Europe. Those concerns are linked to uncertainty about how the war in Ukraine will affect access to natural gas and other hydrocarbons across the continent.
  • Strong preference for smart beta strategies in North America: Investors in North America showed the greatest preference for smart beta strategies based on well-known, transparent quantitative factors, with 74% picking them as one of two groups of strategies likely to be most effective in delivering high returns for equity allocations over the next two years. In Europe and Asia Pacific, 70% and 60% of investors, respectively, said the same.

“Our work with EquitiesFirst reveals important distinctions in institutional investors’ views around the world,” said Mr Sam Knox, Managing Director of Institutional Investor’s Custom Research Lab. “Investors focused on various regions diverge in their assessment of the geopolitical and other factors that will drive equities in their market of focus. However, regardless of their markets, all investors tend to call for active strategies in inefficient emerging and small-cap markets and smart-beta strategies in efficient, highly liquid developed markets.”

“One thing that was consistent across Asia and other regions was the near universal belief of global diversification. Armed with the insights in these reports, we hope investors will be better able to assess the diverging opportunities and risks across regions. Once they have decided on a course of action, equities-based financing can provide them with a flexible, cost-effective and stable form of capital to move quickly into new positions and diversify portfolios,” said Mr Gordon Crosbie-Walsh, EquitiesFirst’s Chief Executive Officer, Asia.

“Investors in Australia and everywhere remain concerned about the trajectory and timing of tighter monetary policy led by the US and other developed markets. Liquidity is at a premium in light of high interest rates and prevailing macroeconomic and geopolitical uncertainties. At times like these, we continue to help numerous clients manage their capital requirements as the value of their portfolio changes,” said Mr Mitchell Hopwood, EquitiesFirst’s Chief Executive Officer, Australia.

“Given widespread expectations of increased volatility not only in Europe but across all other regions globally, equities-based financing can provide investors a powerful tool to monetise their long-term shareholdings and put a floor under valuations. It is a low-cost, flexible funding to help investors pursue new opportunities while maintaining the upside potential from their underlying holdings,”said Mr James Mungovan, EquitiesFirst’s Chief Executive Officer, Europe. 

The regional reports for Asia Pacific, Europe and North America are now available on EquitiesFirst’s website.

About Equities First Holdings

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Founded in 2002, EquitiesFirst is a global investor specialising in long-term equities-based financing. EquitiesFirst’s approach overcomes traditional limitations and redefines the financing experience through providing efficient access to capital for listed companies, entrepreneurs and investors against publicly traded securities. The total value of loans transacted is more than US$4.5 billion as of January 2023.

Headquartered in Indianapolis, USA, EquitiesFirst maintains an international footprint of twelve offices in eight countries, including the United States, United Kingdom, Spain, China (Hong Kong, Shanghai and Beijing), South Korea, Thailand, Singapore and Australia (Sydney, Perth and Melbourne). EquitiesFirst is licenced and/or registered in all jurisdictions where required.

EquitiesFirst is the pioneer of Progressive Capital – a partnership approach to investment, rooted in respect, mutual interest and understanding. EquitiesFirst delivers liquidity solutions that are vital, transformative and move partners forward.

For more information, please visit www.equitiesfirst.com/.

About Institutional Investor

For more than 50 years, Institutional Investor has consistently distinguished itself as the world’s foremost financial publication and event producer for global institutional investors. By leveraging Institutional Investor, exclusive memberships, forums, industry benchmarks, award-winning content, and custom research, Institutional Investor is the essential hub for the world’s financial decision-makers. 

Institutional Investor’s Custom Research Lab works with clients in the asset management, professional services, and technology industries to develop insightful primary research on asset markets, portfolio management, and investment decision making.

Disclaimer

This Document is intended solely for accredited investors, sophisticated investors, professional investors, or otherwise qualified investors, as may be required by law or otherwise, and it is not intended for, and should not be used by, persons who do not meet the relevant requirements. The content provided herein is for informational purposes only and is general in nature and not targeted to any specific objective or financial need. The views and opinions expressed in this Document have been prepared by third parties and do not necessarily reflect the views and opinions of EquitiesFirst. EquitiesFirst has not independently examined or verified the information provided herein, and no representation is made that it is accurate or complete.  Opinions and information herein are subject to change without notice.  The content provided does not constitute an offer to sell (or solicitation of an offer to purchase) any securities, investments, or any financial products (“Offer”). Any such Offer shall only be made through a relevant offering or other documentation which sets forth its material terms and conditions. Nothing contained in this Document shall constitute a recommendation, solicitation, invitation, inducement, promotion, or offer for the purchase or sale of any investment product by First Holdings, LLC or its subsidiaries (collectively, “EquitiesFirst”), nor shall this Document be construed in any way as investment, legal, or tax advice, or as a recommendation, reference, or endorsement by EquitiesFirst. You should seek independent financial advice prior to making an investment decision about a financial product.

This Document contains the intellectual property of EquitiesFirst in the United States and other countries, including, without limitation, their respective logos and other registered and unregistered trademarks and service marks. EquitiesFirst reserves all rights in and to their intellectual property contained in this Document.  The Document should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributed to persons in any country where such distribution may lead to a breach of any legal or regulatory requirement.

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EquitiesFirst make no representation or warranty with respect to this Document and expressly disclaim any implied warranty under law. You acknowledge that EquitiesFirst is not liable under any circumstances for any direct, indirect, special, consequential, incidental, or punitive damages whatsoever, including, without limitation, any lost profits or lost opportunity, even if EquitiesFirst has been advised of the possibility of such damages. 

EquitiesFirst makes the following further statements that may be applicable in the stated jurisdiction:

Australia: Equities First Holdings (Australia) Pty Ltd (ACN: 142 644 399) holds an Australian Financial Services Licence (AFSL Number: 387079). All rights reserved.

The information contained on this Document is intended for persons located in Australia only and classified as a Wholesale Client only as defined in Section 761G of the Corporations Act 2001. The distribution of information to persons outside this criteria may be restricted by law and persons who come into possession of it should seek advice and observe any such restriction.

The material contained in this Document is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.

The information contained in this Document is intended to be general in nature and is not personal financial product advice. Any advice contained in the Document is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product.

Hong Kong: Equities First Holdings Hong Kong Limited holds a Hong Kong Securities and Futures Commission Type 1 Licence and licenced in Hong Kong under the Money Lenders Ordinance (Money Lender’s Licence No. 1780/2022).  This Document has not been reviewed by the Hong Kong Securities and Futures Commission. It is not intended as an offer to sell securities or a solicitation to buy any product managed or provided by Equities First Holdings Hong Kong Limited and is only intended for Professional Investors. This document is not directed to individuals or organisations for whom such offers or invitations would be unlawful or prohibited.

Korea: The foregoing is intended solely for professional financial consumers, professional investors or otherwise qualified investors who have sufficient knowledge and experience in entering into securities financing transactions.  It is not intended for, and should not be used by, persons who do not meet that criteria. 

United Kingdom: Equities First (London) Limited is authorised and regulated in the UK by the Financial Conduct Authority (“FCA”).  In the UK, this Document is only being distributed and made available to persons of the kind described in Article 19(5) (investment professionals) and Article 49(2) (high net worth companies, unincorporated associations etc.) of Part IV of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (”FPO”) and any investment activity to which this presentation relates is only available to, and will only be engaged in with, such persons. Persons who do not have professional experience in matters relating to investment or who are not persons to whom Article 49 of the FPO applies should not rely on this document. This Document is only prepared for and available to persons who qualify as Professional Investors under the Markets in Financial Instruments Directive. 

©2023 Equities First Holdings Hong Kong Limited. All rights reserved

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EquitiesFirst, the global asset-backed financing corporation, celebrated its 20th anniversary as a pioneer of progressive capital. The firm recently unveiled an anniversary logo that encapsulates its leadership and pioneering solutions that have helped partners over the past two decades.

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ADQ Announced as the Headline Partner for Abu Dhabi Finance Week

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ABU DHABI, UAE, Nov. 6, 2024 /PRNewswire/ — ADGM, the host of the flagship financial event of the MEASA region, Abu Dhabi Finance Week (ADFW) announced ADQ – an Abu Dhabi-based investment and holding company as the “Headline Partner” for the 2024 and 2025 editions of ADFW.

This strategic partnership with ADQ underscores its dedication and commitment to the growth of Abu Dhabi’s financial sector, emphasising its role in driving innovation and market-leading services. As the “Headline Partner” for the next two editions, ADQ will be instrumental in curating the direction and agenda of ADFW, ensuring the event’s continued success and cementing its position as a leading economic and investment conference.

In addition, ADFW 2024 will be supported by more than 30 global, regional, and local entities. Main partners include the Abu Dhabi Department of Economic Development (ADDED) as the Economic Development Partner, Etihad Airways as the Official Airlines Partner, the Department of Culture and Tourism (DCT) as the Destination and Cultural Partner and Hub71 as the Tech Ecosystem Partner. The list also includes the following group of ‘Strategic Partners’ namely Mubadala, UBS, HSBC, ADCB, FAB, PGIM, and ADX alongside ADIO, ADIB, Circle, Etoro, Further Ventures, Realize, and Smartenergy as ‘Official Partners‘ of ADFW.

Commenting on ADFW and ADQ’s strategic collaboration, Salem Al Darei, CEO of ADGM Authority said, “We are pleased to announce this significant partnership with ADQ as our Headline Partner for the upcoming two editions of ADFW. This partnership solidifies our shared vision for Abu Dhabi’s financial sector and strengthens ADGM and ADQ’s collaboration to deliver an even more impactful event. On this occasion, we would also like to sincerely thank our Strategic and Official Partners for their invaluable support in making ADFW 2024 a truly global platform. We look forward to working closely with all our partners to further enhance Abu Dhabi’s position as a global financial hub.”

Hamad Abdulla Al Hammadi, Deputy Group Chief Executive Officer at ADQ said, “ADQ’s strategic partnership for the 2024 and 2025 editions of ADFW underscores our commitment to fostering a robust financial ecosystem that supports the long-term growth of a competitive, diversified and sustainable economy. Through this partnership, we aim to promote thought leadership and foster industry-wide collaboration, advancing conversations that unlock new investment opportunities across various fields while reinforcing Abu Dhabi’s value proposition, characterised by access to global markets and talent, and supported by an enabling regulatory framework.”

This year, ADFW is set to run from 9th to 12th December 2024 and will focus on the various elements that solidify Abu Dhabi’s position as the ‘Capital of Capital, hosting important sessions that address major developments at the intersection of finance, technology and investment. ADFW 2024 is set to feature around 400 international speakers, including CEOs and Chairs from 50 leading global financial institutions.

For more information, visit: www.adfw.com

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Smartkem to Present at the 6th National Conference on Organic Field-Effect Transistors in Hangzhou, China

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MANCHESTER, England, Nov. 6, 2024 /PRNewswire/ — Smartkem (Nasdaq: SMTK), positioned to power the next generation of displays using its disruptive organic thin-film transistors (OTFTs), today announced that it will be giving a presentation at the 6th National Conference on Organic Field-Effect Transistors in Hangzhou, China on Saturday, November 9th, 2024.

The presentation will be given by Smartkem Chief Technology Officer, Dr. Simon Ogier, and is titled, “OTFT materials for emissive displays and low temperature logic circuitry on plastic substrates. The presentation will take place at 13:30 local time.

Presenter: Dr. Simon Ogier, CTO
Presentation title: “OTFT materials for emissive displays and low temperature logic circuitry on plastic substrates.”
Time: 13:30-13:50
Date: Saturday, November 9th, 2024

The conference is hosted by Beihang University and the Institute of Chemistry, Chinese Academy of Sciences (ICCAS), and co-organized by Fudan University. This conference will focus on the two major themes of “Organic Field-Effect Transistors” and “Flexible Printed Optoelectronic Materials and Devices”.

To find out more about the conference, visit: https://www.ofet6.org.cn/

Smartkem’s Nasdaq information can be found on the Nasdaq website: https://www.nasdaq.com/market-activity/stocks/smtk

About Smartkem

Smartkem is seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to revolutionize the display industry.  Smartkem’s patented TRUFLEX® liquid semiconductor polymers can be used to make a new type of transistor that can be used in a number of display technologies, including next generation microLED displays. Smartkem’s inks enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost displays that outperform existing technology.

Smartkem develops its materials at its research and development facility in Manchester, UK and provides prototyping services at the Centre for Process Innovation (CPI) at Sedgefield, UK, It has a field application office in Taiwan. The company has an extensive IP portfolio including 125 granted patents across 19 patent families and 40 codified trade secrets. For more information, visit: www.Smartkem.com and follow us on LinkedIn www.linkedin.com/company/Smartkem-limited and Twitter @SmartkemOTFT.

About OFET-6 & CFPOE-4

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With the purpose of academic exchanges, OFET-6 and CFPOE-4 will discuss the latest progress and future development of domestic and foreign research, enhance exchanges and cooperation between domestic and foreign colleagues in the field of organic field-effect transistors and flexible printed optoelectronic materials and devices, and jointly promote the industry-university-research cooperation and industrialization development in the field of organic field-effect transistors and flexible printed optoelectronic materials and devices. The organizing committee of the conference sincerely invites experts, scholars, scientific and technological personnel, industry professionals and students in related fields to meet us in Hangzhou, Zhejiang.

Forward-Looking Statements

All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Smartkem’s expectations regarding the effect of the Nasdaq listing on its common stock, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem Inc.’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

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As Gold Nears Record Highs, Analysts See Major Upside in Mining Stocks

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Issued on behalf of Yukon Metals Corp. 

VANCOUVER, BC, Nov. 6, 2024 /PRNewswire/ — USA News Group –  Gold prices are soaring, and with the results of the U.S. federal election still pending and a crucial Federal Reserve meeting approaching, the upward trend in the precious metal’s value shows no signs of slowing down. Goldman Sachs analysts project gold could break records, potentially reaching $3,000 by the end of 2025. This surge has created a complex landscape for the mining sector. Companies operating in Ghana and Burkina Faso are facing challenges, while major players like Newmont are finding it difficult to fully leverage the high gold prices. Amid post-election market uncertainty, Barron’s analysts suggest that gold mining stocks present an attractive entry point. Beyond the industry’s heavyweights, several exploration and mid-tier companies are gaining traction with promising updates and development milestones, including from Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), New Gold Inc. (NYSE-American: NGD) (TSX: NGD), Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), and Centerra Gold Inc. (NYSE: CGAU) (TSX: CG).

The article continued: According to CBS News, analysts see strong upside potential for gold mining stocks right now. This optimistic outlook is supported by Benzinga, where experts noted that gold mining stocks have climbed for nine straight sessions, hitting their highest levels since August 2020.

Electromagnetic Survey Identifies Multiple Strong Targets Coincident with Elevated Gold and Silver at Star River

Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), a well-financed mining exploration company, today announced an exploration update on its 715-hectare Star River Project, located approximately 50km south of Ross River, Yukon. Within the update, Yukon Metals reported that Aurora Geosciences of Yellowknife, NWT, had completed ground-based Gravity and Time Domain Electromagnetic (TDEM) surveys at the Star River property to assist in target definition and support drill hole planning, and identified four prominent conductive zones in the process—three in areas coincident with historic mineral showings, and one zone in the north in an underexplored area.

“We are excited to report multiple compelling targets with strong electromagnetic responses coincident with gold and silver sampling featuring up to 101 grams per tonne gold,” said Rory Quinn, President and CEO of Yukon Metals. “These targets are not only strong anomalies, they are large anomalies, and will help focus our exploration efforts to maximize our chances of adding substantial value to the project through drilling.”

The Aurora Geosciences team completed 20.6 kilometers of surveying with 100m line spacing, adding extra detail with 50m infill lines over the F3 showing area. They used three large 500m x 500m ground loops to cover key areas, including Saddle, F2, Canyon, and F3. The models created represent possible metal-rich zones based on EM responses, though they assume flat, simplified shapes that may miss some geological details. Ongoing work aims to refine these models by adding more geological data to better understand subsurface structures.

Yukon Metals owns 100% of the Star River base and precious metals project accessible by all-season road from the Robert Campbell Highway and adjacent to the former Ketza Mine haul road. The project is host to multiple showings of polymetallic carbonate replacement mineralization and quartz-sulphide veins first discovered in the 1950s. Remnants of underground and surface workings using historical exploration techniques are visible around much of the property and tied together with previously established access roads and trails branching from the Ketza Mine road.

The update comes just three weeks after Yukon Metals provided another update on its 2,285-hectare Birch project, which included rock-chip float samples that returned up to 2.42% copper with up to 0.94 g/t gold, and other samples with gold values of up to 6.64 g/t.

CONTINUED… Read this and more news for Yukon Metals Corp. at:  https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/ 

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In other industry developments and happenings in the market this week include:

New Gold Inc. (NYSE-American: NGD) (TSX: NGD), a Canadian-focused intermediate mining company with two core producing assets (New Afton copper-gold mine, and Rainy River gold mine), recently reported its Q3 2024 operational results, which included 78,369 ounces of gold production, 12.6 million pounds of copper production, and record cash from operations of $128 million and record free cash flow of $57 million. Over the quarter, New Afton produced 16,477 gold ounces and 12.6 million copper pounds, while Rainy River produced 61,892 gold ounces.

“New Afton delivered a strong operating quarter and completed critical C-Zone milestones ahead of schedule, while Rainy River delivered costs as planned, with all-in sustaining costs 29% lower quarter-over-quarter,” said Patrick Godin, President and CEO of New Gold. “The Company continues to expect the fourth quarter of 2024 to be its strongest quarter of the year, concluding a successful year that has seen New Gold reach its free cash flow inflection point and deliver on key project milestones in pursuit of our objective to target a sustainable production platform of approximately 600,000 gold equivalent ounces per year until at least 2030.”

Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru, and an up and coming project in Senegal, recently reported its Q3 2024 production results, which included 110,820 ounces of gold equivalent production. Beyond its producing assets, Fortuna has also continued to progress its Diamba Sud Project in Senegal, reporting in September positive results on the project which is in the preliminary economic assessment stage.

“The exploration focus at Diamba Sud has turned to testing and expanding some of the previously lightly drilled anomalies, with Western Splay rapidly emerging as the next potential prospect,” said Paul Weedon, Senior Vice President of Exploration at Fortuna. “Encouraging results such as 6.9 g/t Au over an estimated true width of 33.3 meters from 115.4 meters in drill hole DSDD293, and 8.9 g/t Au over an estimated true width of 27.7 meters from 104 meters in drill hole DSR680 highlight the potential.”

Fortuna also recently responded to recent media reports concerning Burkina Faso, where public comments from the country’s president presented a possibility of withdrawing from existing mining permits. According to the response Fortuna has sought clarification from the Burkina Faso’s Ministry of Mines on this point and has received confirmation that the government has no plans to withdraw existing mining permits which are in compliance with Burkina Faso’s laws. Fortuna reiterated that its Yaramoko Mine is in compliance with all material laws and operations continue to be conducted normally.

IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, recently announced assay results from its Nelligan Project in Quebec, Canada, which confirmed the extension of the mineralized zones of the deposit. In addition, IAMGOLD provided an updated mineral resource estimate for the Monster Lake Project, also in the same Chibougamau region in Quebec, in order to refresh its 2018 NI 43-101 technical report.

“The assay results released today confirm the extension of the mineralized sequence in the eastern down-plunge of the Nelligan deposit,” said Marie-France Bugnon, Vice President, Exploration for IAMGOLD. “We believe that the exploration potential for Nelligan is wide open. On Monster Lake, the Mineral Resource estimate allows for an updated version of the NI 43-101 technical report to be filed. The estimate incorporates few additional drilling results obtained from 2018 to 2021 drilling programs and yet highlights the high-grade nature of the main gold-bearing shear-hosted quartz vein system.”

Centerra Gold Inc. (NYSE: CGAU) (TSX: CG), a Canadian-based mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America and Türkiye, recently reported its Q3 2024 results, which highlighted consistent operating performance and continued strong cash flow from operations.

Centerra continues to deliver consistent operating performance and is on track to meet our consolidated production and cost guidance for the year,” said Paul Tomory, President and CEO of Centerra. “We have benefited from margin expansion driven by stable cost performance in an elevated metal price environment. As planned, we have returned to strong free cash flow generation in the third quarter. Even after spending approximately $32 million on the restart of operations at the Thompson Creek mine, we grew our cash and cash equivalents to $604 million at the end of the third quarter.”

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Across its operations, Centerra reported consolidated gold production of 93,712 ounces, including 42,993 ounces from the Mount Milligan Mine in British Columbia, Canada and 50,719 ounces from the Öksüt Mine in Türkiye.

Source: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/ 

CONTACT:
USA NEWS GROUP
[email protected]
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Yukon Metals Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Yukon Metals Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Yukon Metals Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Yukon Metals Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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