Nice upgrade today by CFRA, from Fidelity, on $RGLD; "

"CFRA, an independent research provider, have summarized their opinion as follows:

We lift our 12-month target by $6 to $231, representing 26.0x our 2026 EPS estimate, in line with RGLD's two-year avg. forward P/E of 25.9x and a discount to streaming/royalty peers, which are trading at an avg. forward P/E of 36.3x. We lift our 2025 EPS estimate by $0.79 to $7.74 and our 2026 EPS forecast by $0.56 to $8.90. Our upgrade reflects RGLD's transformational growth trajectory following the announced acquisitions of Sandstorm Gold ($3.5B) and Horizon Copper ($196M), plus the $1B Kansanshi gold stream acquisition. These transactions position Royal Gold (RGLD) as a top-tier growth company in the streaming sector with 393 total interests and exceptional portfolio diversification. We believe RGLD's shares are undervalued given the company's top-tier margin profile, debt-free balance sheet with $1.25B in liquidity, and robust organic growth pipeline from 47 development-stage assets. The pending acquisitions create significant scale advantages while maintaining RGLD's precious metals focus (78% gold revenue mix)."

Financial Highlights – Q2 2025 compared to Q2 2024

• $369.4 million in revenue (a new record), +42%
• 112,093 GEOs¹ sold, +2%
• 101,876 Net GEOs¹ sold, +4%
• $430.3 million in operating cash flow (a new record), +121%
• $365.7 million in Adjusted EBITDA² or $1.90/share (new records), +65%
• $247.1 million in net income or $1.28/share (new records), +211%
• $238.5 million in Adjusted Net Income² or $1.24/share (new records), +65%

Financial Highlights – H1 2025 compared to H1 2024

• $737.8 million in revenue (a new record), +43%
• 238,678 GEOs sold, +2%
• 215,014 Net GEOs sold, +5%
• $719.2 million in operating cash flow (a new record), +93%
• $687.6 million in Adjusted EBITDA or $3.57/share (new records), +57%
• $456.9 million in net income or $2.37/share (new records), +104%
• $444.0 million in Adjusted Net Income or $2.31/share (new records), +58%

Strong Financial Position

• High Adjusted EBITDA and Adjusted Net Income Margins² further boosted by gain on sale of gold bullion in the quarter
• Strong financial position with $1.1 billion in available capital³ as at June 30, 2025
• Quarterly dividend of $0.38/share effective Q1 2025, an annual increase of 5.6%

Foran Reports Q2/25 Construction Progress at McIlvenna Bay

/CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to provide a construction update on its 100% owned McIlvenna...

www.newswire.ca

https://foranmining.com/wp-content/uploads/2022/09/Foran-Corporate-Presentation.pdf

Beitrag

RE: Foran Mining / FOM, FMCXF (TSX, OTC)

[…]

Edel Man
Danke, bin jetzt auch an Bord. Inverted Hammer am 30.07.25.
Grüße, S.

Sorgenfrei

10. August 2025

Zitat von Edel Man

FOM stand ja ganz oben in der Watchlst, hatte sie also nochmals mehrfach beobachtet und schließlich gekauft, weil:

-- Sie ist m.E. äusserst nidrig bewertet:

-- In #44: 1,2 Mrd. MC : 1,7 Mio t Cu Eq ca 0,7 $ / kg Cu, äussert gering.

-- Aktuell: 1,08 Mr.MC : 1,7 Mio t Cu Eq ca 0,6 $ / kg CU rd 0,5 lb / kg Cu.

-- Bereits vor Jahren waren Cu Explorer mit rd 0,5 $ / lb CuEq in situ klarer Kauf..

-- Die Korrektur war heftig genug;

-- Die Konsolidierung schein abgechlossen:

-- 2,47 : 2,76 = 10% und:

-- BUY: https://www.canadabulls.com/Si…spx?lang=en&Ticker=FOM.TO

-- Heute gesehen einige Anaysten, lediglich zur Info, sh. Anhang .

Daß die Finanzieung gesichert ist, sie im TIer 1 Gebiet liegt und die Aktienstruktur erstklassig mit soliden Partnern ist wurde schon erwähnt.

Grüsse

Edel

Alles anzeigen

Edel Man

Danke, bin jetzt auch an Bord. Inverted Hammer am 30.07.25.

Grüße, S.

Royalty Companies Start Swinging For the Fences

Love that free cash flow...

rubino.substack.com

"The takeaway: Buy the juniors in this space and hold the leaders. But watch for signs of overheating and don’t be afraid to take profits as the bull market unfolds."

Orogen Royalties Sells the Los Coyotes Silver-Gold Project to Fresnillo

CEO | Mobile Investment Conference

ceo.ca

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/250806-scp-nicu-drilling.pdf

B2Gold Reports Q2 2025 Results

https://www.b2gold.com/news-media/news-releases/news-details/2025/B2Gold-Reports-Q2-2025-Results/default.aspx

2025 Second Quarter Highlights

• Gold production of 229,454 ounces: Consolidated gold production in the second quarter of 2025, including pre-commercial production from the Goose Mine, was 229,454 ounces, higher than expected. The Fekola, Masbate and Otjikoto mines all exceeded expected production in the second quarter, and the Company remains on track to meet its consolidated annual production guidance range. All three operations continue to meet or exceed gold production expectations to start the third quarter of 2025.
• Consolidated cash operating costs of $745 per gold ounce produced: Consolidated cash operating costs (see “Non-IFRS Measures”), excluding pre-commercial production from the Goose Mine, were $745 per gold ounce produced ($762 per gold ounce sold) during the second quarter of 2025. Cash operating costs per ounce produced for the second quarter of 2025 were better than expected as a result of lower than expected fuel costs and higher than expected gold production.
• Consolidated all-in sustaining costs of $1,519 per gold ounce sold: Consolidated all-in sustaining costs (see “Non-IFRS Measures”) were $1,519 per gold ounce sold during the second quarter of 2025. Consolidated all-in sustaining costs for the second quarter of 2025 were higher than expected as lower production costs per gold ounce sold and lower sustaining capital expenditures were offset by higher gold royalties resulting from a higher than expected average realized gold price and lower than expected ounces sold. The lower sales ounces were a result of the timing of shipments from the Company's Masbate and Fekola Mines, which were delivered and sold in July 2025.
• Attributable net income of $0.12 per share; adjusted attributable net income of $0.12 per share: Net income attributable to the shareholders of the Company of $154 million, or $0.12 per share; adjusted net income (see “Non-IFRS Measures”) attributable to the shareholders of the Company of $163 million, or $0.12 per share.
• Operating cash flow before working capital adjustments of $301 million: Cash flow provided by operating activities before working capital and long-term value-added tax adjustments was $301 million in the second quarter of 2025.
• Strong financial position and liquidity: At June 30, 2025, the Company had cash and cash equivalents of $308 million and working capital deficit (defined as current assets less assets classified as held for sale and current liabilities) of $19 million. Working capital at June 30, 2025 reflects the classification of the Company’s gold prepayment obligations as current liabilities. As of June 30, 2025, the full amount of the Company's $800 million revolving credit facility (“RCF”) was available for future draw downs.
• Inaugural gold pour achieved at the Goose Mine; ramp up to commercial production ongoing and expected to be achieved in the third quarter of 2025; estimated gold production of 120,000 to 150,000 ounces in 2025: With first gold achieved, as announced on June 30, 2025, focus now turns to continuing steady state operations and increasing throughput to full design capacity. The Company continues to estimate that gold production in calendar year 2025 will be between 120,000 and 150,000 ounces and that average annual gold production for the six year period from 2026 to 2031 inclusive will be approximately 300,000 ounces per year, based only on existing Mineral Reserves.
• Positive Feasibility Study on the Gramalote Project in Colombia announced; after-tax NPV (5%) of $941 Million with an after-tax IRR of 22.4% at a $2,500 per ounce gold price: On July 14, 2025, B2Gold announced positive Feasibility Study (“FS”) results on the Company’s 100% owned Gramalote Project. The FS for the Gramalote project indicates an initial life of project of 13 years, with average annual production of 227,000 ounces over the first five years. Based on the project economics, B2Gold has commenced the work of amending the existing mine plan and environmental permits which are currently in place for a larger-scale project. B2Gold currently anticipates the permit modification to the new medium-scale project reflected in the current FS could be completed over the next 12 to 18 months.
• Received approval to commence underground mining at Fekola: On July 30, 2025, the State of Mali granted approval for the Company to commence underground mining at the Fekola Mine. Subsequent to receipt of the approval, the Company commenced stope ore development and production at the Fekola underground, and Fekola underground ore that was stockpiled during the underground exploration development stage is currently being processed through the Fekola mill.
• Fekola Mine reaches production milestone of four million ounces of gold produced: Subsequent to June 30, 2025, the Fekola Mine achieved lifetime production of four million ounces of gold, seven years and ten months from construction completion.
• New Board of Director appointment: On August 6, 2025, Mary-Lynn Oke, CPA, was appointed to B2Gold's Board of Directors (the “Board”). Ms. Oke brings extensive corporate finance experience, and currently serves on the Boards of Directors of NexGold Mining Corp. and Jaguar Mining Inc.
• Q3 2025 dividend of $0.02 per share declared: On August 7, 2025, B2Gold's Board of Directors declared a cash dividend for the third quarter of 2025 of $0.02 per common share (or an expected $0.08 per share on an annualized basis), payable on September 23, 2025, to shareholders of record as of September 10, 2025.

TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced its results for the second quarter of 2025 and declared a dividend of US$0.0575 per common share to be paid on September 15, 2025. Unless otherwise indicated, all amounts are expressed in US dollars.

“Triple Flag generated record operating cash flow per share in the second quarter of 2025, and we remain firmly on track to deliver our 2025 guidance of 105,000 to 115,000 GEOs over the balance of the year,” commented Sheldon Vanderkooy, CEO. “We are also pleased to announce our fourth consecutive annual 5% increase to our quarterly dividend since our IPO in 2021. Early in July, we completed our acquisition of a 1.0% NSR royalty on the world-class Arthur gold project located in Nevada. Operated by a top-tier producer in AngloGold Ashanti plc, the project offers exceptional long-term growth potential, underpinned by a rapidly expanding resource base and significant exploration upside. We also acquired an additional 1.5% GR royalty over the Johnson Camp Mine in Arizona during the quarter, which is expected to commence first copper sales in the third quarter of 2025. Looking ahead, we are closely following the progress of several catalysts across our portfolio, including the commencement of production at Johnson Camp Mine, Arcata, and Tres Quebradas in the second half of 2025, as well as development progress with respect to the E48 sub-level cave at Northparkes and the Koné, Hope Bay and Arthur gold projects.”

https://www.businesswire.com/news/home/20250806486871/en/Triple-Flag-Announces-Record-Operating-Cash-Flow-Per-Share-in-Q2-2025-and-Increases-Dividend

Royal Gold Reports Record Revenue, Operating Cash Flow and Earnings for the Second Quarter of 2025

DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (RGLD) (together with its subsidiaries, “Royal Gold,” the “Company,” “we,” “us,” or “our”) reports net income of $132.3 million, or $2.01 per share, for the quarter ended June 30, 2025 ("second quarter"), on revenue of $209.6 million and operating cash flow of $152.8 million. Adjusted net income1 was $118.8 million, or $1.81 per share.

Second Quarter 2025 Highlights:

Records for revenue of $209.6 million, operating cash flow of $152.8 million, and earnings of $132.3 million Revenue split: 78% gold, 11% silver, 7% copper Sales volume of 63,900 GEOs2 Adjusted EBITDA margin1 of 84% Total available liquidity of approximately $1.25 billion Paid quarterly dividend of $0.45 per share, a 12.5% increase over the prior year period Acquired stream and royalty interests on the Warintza project Achieved full repayment of Pueblo Viejo stream advance

Post Quarter Events: Agreements to acquire Sandstorm Gold and Horizon Copper Acquired gold stream on the Kansanshi mine from First Quantum Minerals

GOLD ROYALTY REPORTS SECOND QUARTER RESULTS; ACHIEVES RECORD REVENUE AND ADJUSTED EBITDA

https://www.prnewswire.com/new…ted-ebitda-302523678.html

Triple Flag Increases Quarterly Dividend by 5%

https://www.businesswire.com/news/home/20250806330790/en/Triple-Flag-Increases-Quarterly-Dividend-by-5

Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX:TFPM, NYSE:TFPM) is pleased to announce that its Board of Directors has approved the declaration of a cash dividend of US$0.0575 per common share to be paid on September 15, 2025, to the shareholders of record at the close of business on September 2, 2025.

Triple Flag’s forward annualized dividend is now US$0.23 per common share, an increase of 5% versus the previous annualized dividend of US$0.22 per common share. This represents the Company’s fourth consecutive annual 5% increase of the quarterly dividend since its May 2021 initial public offering.

Magna Mining Reports 17.9% Cu, 0.6% Ni and 28.1 g/t Pt + Pd + Au over 1.8 Metres in the 700 Footwall Copper Zone at McCreedy West Mine

Sudbury, Ontario--(Newsfile Corp. - August 6, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the...

www.newsfilecorp.com

Sudbury, Ontario--(Newsfile Corp. - August 6, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional drill results from the McCreedy West mine. The results include high grade copper, nickel and precious metal intersections from an area located in the footwall, up-dip within the main 700 Cu-PGE Footwall Zone ("700 Zone") and within 150 metres of surface. The reported holes (Table 1) were drilled in support of production planning and potential production expansion into areas where narrow vein mining methods could be applied. Mineralization in this area contains high PGE grades hosted in copper and nickel rich veins. Intersections include 17.9% Cu, 0.6% Ni, 28.1 g/t Pt + Pd + Au over 1.8 metres in drillhole MMW-25-119 and 10.5% Cu, 8.3% Ni, 42.6 g/t Pt + Pd + Au over 0.3 metres in drillhole MMW-25-133 (Table 1).

Highlights from the new assay results include:

• MMW-25-118: 4.9% Cu, 1.0% Ni, 2.9 g/t Pt + Pd + Au over 1.5 metres

And 10.4% Cu, 0.5% Ni, 16.1 g/t Pt + Pd + Au over 0.9 metres

• MMW-25-119: 1.5% Cu, 0.4% Ni, 1.3 g/t Pt + Pd + Au over 7.3 metres

And 1.7% Cu, 0.7% Ni, 4.0 g/t Pt + Pd + Au over 10.5 metres

And 17.9% Cu, 0.6% Ni, 28.1g/t Pt + Pd + Au over 1.8 metres

• MMW-25-133: 10.5% Cu, 8.3% Ni, 42.6 g/t Pt + Pd + Au over 0.3 metres

Highlights

• 19,700 gold equivalent ounces (“GEOs¹”) earned (20,068 GEOs in Q2 2024²);
• Revenues from royalties and streams of $60.4 million ($47.4 million in Q2 2024);
• Cash flows generated by operating activities of $51.4 million ($38.2 million in Q2 2024);
• Cash margin³ of $57.8 million or 95.8% ($45.8 million or 96.6% in Q2 2024);
• Net earnings of $32.4 million, $0.17 per basic share (net loss of $15.4 million, $0.08 per basic share in Q2 2024);
• Adjusted earnings³ of $34.1 million, $0.18 per basic share ($24.2 million, $0.13 per basic share in Q2 2024);
• Net repayments of $40.0 million under the revolving credit facility;
• Cash balance of $49.6 million and debt outstanding of $35.7 million as at June 30, 2025;
• Increase in the revolving credit facility to $650.0 million plus an uncommitted accordion of $200.0 million, and extension of the maturity date to May 30, 2029;
• First payment received from Cardinal Namdini Mining Ltd. under the Namdini 1.0% NSR royalty;
• First payment received from Talisker Resources Ltd. under the Bralorne 1.7% NSR royalty;
• Acquisition by OR Royalties International Ltd. (“ORIL”) of a 100% silver stream on Orla Mining Ltd.’s South Railroad project in Nevada, United States for total cash consideration of $13.0 million;
• Acquisition of a basket of royalties across various projects in British Columbia, Canada, from Sable Resources Ltd. (“Sable Resources”) for consideration of C$3.8 million ($2.8 million), as well as certain rights in relation to the future acquisition of similar interests from Sable Resources;
• Completed a corporate name change to “OR Royalties Inc.” and “Redevances OR Inc.” (in French) following receipt of shareholder approval at the annual and special meeting of shareholders held on May 8, 2025;
• Publication of the fifth edition of the Company’s sustainability report, Growing Responsibly, in addition to the OR Royalties 2025 Asset Handbook; and,
• Declaration of a quarterly dividend of $0.055 per common share payable on July 15, 2025 to shareholders of record as of the close of business on June 30, 2025, an increase of 20% over the previous quarterly dividend, based on the foreign currency rate (C$/US$) on the declaration date of the first quarter dividend.

Subsequent to June 30, 2025

• Additional repayments of $21.0 million under the revolving credit facility;
• Declaration of a quarterly dividend of $0.055 per common share payable on October 15, 2025 to shareholders of record as of the close of business on September 30, 2025;
• Osisko Development Corp. raising $645 million to start construction activities at Cariboo; and,
• As expected, an early buyback notice received from Ramelius Resources Limited, for 20% of the Dalgaranga Gross Revenue Royalty (“GRR”), reducing the GRR rate on Dalgaranga from 1.8% to 1.44%, and reducing the GRR rate on Benz Mining Corp.’s Glenburgh and Mt Egerton projects from 1.35% to 1.08%.