Beiträge von Sorgenfrei

  • Franco - Nevada / FNV (TOR / NYSE)

    Bitteschön:
    Franco-Nevada: Lower Energy Prices Weigh On Q1 Results


    Wir haben mehr als die Hälfte der Q1 Earnings Season für den Gold Miners Index (GDX) hinter uns und eines der ersten Unternehmen, das seine Ergebnisse bekannt gab, war Franco-Nevada Corporation (NYSE:FNV). Leider waren die Ergebnisse aus Sicht der Schlagzeilen nicht schön, mit einem Rückgang von 19 % bei den vierteljährlichen Verkäufen von Gold-Äquivalent-Unzen [GEO], einem Rückgang von 14 % bei den GEO-Verkäufen von Edelmetallen und einem Umsatzrückgang von 18 % im Vergleich zum Vorjahr. Schwächere Energiepreise und Unterbrechungen bei zwei wichtigen Anlagen beeinträchtigten die Ergebnisse des ersten Quartals, und obwohl dies die langfristige These nicht beeinträchtigt, hat Franco Nevada zwei schwierige Quartale vor sich, da es ein Jahr mit sehr günstigen Energiepreisen abschließt. Lassen Sie uns im Folgenden die Ergebnisse näher betrachten.


    Q1-Ergebnisse
    Franco-Nevada Corporation ("Franco-Nevada") meldete letzte Woche seine Ergebnisse für das erste Quartal und meldete einen Quartalsumsatz von ~145.300 GEOs, was einem Rückgang von 19 % gegenüber dem Vorjahreszeitraum entspricht. Dies lag sogar unter meinen konservativeren Schätzungen, da die Störung bei Cobre Panama inzwischen behoben wurde, die Produktion in der Antapaccay-Mine von Glencore (OTCPK:GLCNF) in Peru aufgrund von Angriffen regierungsfeindlicher Demonstranten, die zu einer vorübergehenden Aussetzung des Betriebs führten, zurückging und die Auswirkungen der niedrigeren Eisenerz-, Palladium- und Energiepreise zu spüren waren. Das Ergebnis ist, dass Franco-Nevada nur ~21,2 % seiner Prognose für das Geschäftsjahr 2023 (670.000 GEOs) erreicht hat, und es wird nicht einfach sein, diese Zahl zu erreichen, wenn sich die Energiepreise nicht erholen oder die Edelmetallpreise die Flaute auffangen können.
    [Blockierte Grafik: https://static.seekingalpha.com/uploads/2023/5/12/45984866-16838915530259602_origin.png]
    Was den Edelmetallanteil des Portfolios betrifft, so meldete Franco-Nevada vierteljährliche Verkäufe von ~111.300 GEOs aus dem dominierenden Teil seines Portfolios, den Edelmetallen, wobei diese Zahl im Vergleich zum Vorjahr um 14 % zurückging. Wie die nachstehende Grafik zeigt, die die Einnahmen aus den wichtigsten Aktiva hervorhebt, gingen die Einnahmen im Jahresvergleich bei mehreren Aktiva zurück, einschließlich Antapaccay (19,1 Mio. $ gegenüber 28,3 Mio. $), Antamina (13,2 Mio. $ gegenüber 22,0 Mio. $), Guadalupe-Palmarejo (16,2 Mio. $ gegenüber 23,0 Mio. $), Stillwater (6,9 Mio. $ gegenüber 10,0 Mio. $) und Goldstrike (1,9 Mio. $ gegenüber 5,2 Mio. $).
    [Blockierte Grafik: https://static.seekingalpha.com/uploads/2023/5/12/45984866-16838915045267384_origin.png]


    Wie bereits erwähnt, wirkten sich die regierungsfeindlichen Proteste auf die zurechenbaren Verkäufe von Franco-Nevada aus Antapaccay aus, und die zurechenbaren GEOs von Antamina wurden durch niedrigere Silbergehalte und ein geringeres Gold-Silber-Verhältnis beeinträchtigt. Unterdessen verzeichnete Guadalupe-Palmarejo deutlich geringere Umsätze, was auf eine geringere Produktion aus dem Lizenzgebiet von Franco-Nevada zurückzuführen ist, und die Produktion von Goldstrike war im ersten Quartal aufgrund geplanter Wartungsarbeiten am Röster, der Umstellung des Autoklaven von RIL auf CIL und schlechtem Wetter ungewöhnlich niedrig. Schließlich wurden die Verkäufe von Cobre Panama durch einen kurzen Stillstand im ersten Quartal beeinträchtigt, während First Quantum (OTCPK:FQVLF) und die Regierung von Panama an einer Vereinbarung arbeiteten, und die Produktion von Stillwater ging zurück, was mit Schäden an der Schachtinfrastruktur während der Wartungsarbeiten im ersten Quartal zusammenhing.



    Erfreulicherweise hat die Antapaccay-Mine von Glencore den normalen Betrieb und die Konzentratlieferungen wieder aufgenommen, und First Quantum und die panamaische Regierung haben einen Konzessionsvertragsentwurf unterzeichnet, was darauf hindeutet, dass die Lieferungen dieser beiden Anlagen im zweiten Quartal aufholen werden. In der Zwischenzeit wurde die Sanierung der Schachtinfrastruktur bei Stillwater im April abgeschlossen und wir sollten im weiteren Verlauf des Jahres einen bedeutenderen Beitrag von Goldstrike sehen. Schließlich wurde bei Cobre Panama die Inbetriebnahme der CP-100-Erweiterung (Erhöhung des Durchsatzes auf 100 Millionen Tonnen pro Jahr) trotz Störungen im ersten Quartal abgeschlossen, und es wird erwartet, dass der jährliche Durchsatz bei dieser Rate bis zum Jahresende erreicht wird, wodurch die Kupferproduktion in der Anlage bis 2024/2025 auf ~400.000 Tonnen und mehr als 160.000 Unzen Gold steigen wird.


    [Blockierte Grafik: https://static.seekingalpha.com/uploads/2023/5/12/45984866-1683891804444966_origin.png]

  • Royalty- und Streamingfirmen für Rohstoffe und Energie

    Ecora Resources PLC Announces Results of 2023 AGM and Dividend Timetable


    https://www.accesswire.com/754…GM-and-Dividend-Timetable

    LONDON, UK / ACCESSWIRE / May 10, 2023 / Ecora Resources PLC (LSE/TSX:ECOR) announces that at the Annual General Meeting of the Company held on 10 May 2023 all resolutions were duly passed by a show of hands. Resolutions 15 to 18 were passed as Special Resolutions.
    In accordance with Listing Rule 14.3.6, a copy of Resolutions 15, 16, 17 and 18 will shortly be submitted to the National Storage Mechanism. The full text of all the resolutions passed at the meeting can be found in the Notice of Annual General Meeting, both available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
    Full details of the proxy voting can also be found on the Company's website.


    Q4 2022Q1 2023Q2 2023Q3 2023
    Ex-dividend date11 May 202315 June 202328 Sept 202311 Jan 2024
    Record date12 May 202316 June 202329 Sept 202312 Jan 2024
    Payment date7 June 202326 July 202325 Oct 202314 Feb 2024
    Amount1.75p2.125c2.125c2.125c



    Dividends from Q1 2023 onwards will be declared in US dollars, translated at exchange rates prevailing on the record date of each dividend and payable in sterling and Canadian dollars to our shareholders on the London and Toronto Stock Exchanges respectively.

  • Royalty- und Streamingfirmen für Rohstoffe und Energie

    Sitio Royalties Reports First Quarter 2023 Operational and Financial Results


    https://www.businesswire.com/news/home/20230509005452/en/

    FIRST QUARTER 2023 OPERATIONAL AND FINANCIAL HIGHLIGHTS

    • Average daily production volume of 34,440 barrels of oil equivalent per day ("Boe/d"), (51% oil), comparable to pro forma 4Q 2022 average daily production volume(2)
    • Net income of $47.7 million, up $43.1 million relative to 4Q 2022 net income, primarily due to the contribution from the Brigham Minerals Inc. ("Brigham Minerals") assets for the entire quarter vs. three days in 4Q 2022 and reduced expenses related to the December 29, 2022 merger of Sitio and Brigham Minerals
    • Adjusted EBITDA of $140.0 million(3), down 17% sequentially from 4Q 2022 pro forma Adjusted EBITDA(4), primarily due to a 15% reduction in realized hedged prices per Boe
    • Declared 1Q 2023 dividend of $0.50 per share of Class A Common Stock
    • 42.8 net line-of-sight ("LOS") wells as of March 31, 2023, comprised of 25.0 net spuds and 17.8 net permits, with approximately 81% and 12% of total net LOS wells in the Permian Basin and DJ Basin, respectively
    • In March 2023, made second quarterly amortization payment of $11.3 million on senior unsecured notes, reducing principal from $438.8 million to approximately $427.5 million

  • Royalty Companies

    Triple Flag Announces Q1 2023 Results – Record GEOs and Operating Cash Flow

    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 first quarter of 2023 and declared a dividend of US$0.05 per common share to be paid on June 15, 2023. All amounts are expressed in US dollars unless otherwise indicated.
    “I am pleased to announce another quarter of record results for Triple Flag, reflecting the successful acquisition of Maverix,” commented Shaun Usmar, CEO. “When we announced the transaction in November last year, we emphasized the strategic fit, the opportunity to acquire a diversified, cash generating portfolio of quality assets, and the ability to capture meaningful synergies in a combination that would benefit both sets of shareholders. We anticipated that the deal would broaden our shareholder base, enhance trading liquidity and result in cost synergies of US$7 million annually, positioning Triple Flag as the 4th largest streaming and royalty company. I am pleased to report that these expected deal features are being fully realized – we have seen solid operating performance at underlying Maverix assets, particularly at Beta Hunt and Camino Rojo; a more than 10-fold increase in trading liquidity, with the addition of many new quality investors to our register, and index inclusion in the MVIS Global Junior Gold Miners, S&P/TSX Global Gold, and Solactive Global Silver Miners indices. We are also seeing exciting advances at a number of the exploration and development properties we acquired.”
    “As we approach the two-year anniversary of our IPO, we are happy to have begun delivering against our ambitions in becoming the next emerging senior streaming and royalty company and look forward to what we can accomplish in the future with our enhanced platform.”


    https://www.businesswire.com/news/home/20230509006180/en/

  • I-80 Gold Corp./ IAU, IAUX (TSX, ASE)

    i-80 Gold Announces New High-Grade Results from Underground Drilling at Cove


    https://www.i80gold.com/i-80-g…rground-drilling-at-cove/

    Reno, Nevada, May 9, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to announce positive initial results from underground drilling at the Company’s 100%-owned McCoy-Cove Property (“Cove” or “the Property”) located in Lander County, Nevada. The ~40,000 metre drill program is primarily designed to provide additional delineation to upgrade resources in the Helen and CSD Gap Zones in advance of completing an updated resource estimate and a full feasibility study.
    Highlight results from initial 2023 drilling at Cove include:



      • 6.6 g/t Au over 6.0 m (iCHU23-01)
      • 13.2 g/t Au over 3.0 m And 10.3 g/t Au over 7.8 m (iCHU23-02)
      • 13.0 g/t Au over 6.0 m (iCHU23-03)
      • 12.9 g/t Au over 36.1 m (iCHU23-04)

    “Having not drilled the Cove deposit since 2018 as mine permitting was being advanced, many may have forgotten that it is one of the highest-quality deposits within i-80’s portfolio.”, stated Ewan Downie, CEO of i‑80 Gold. “Our early results in the CSD Gap Zone confirm high-grade mineralization that makes Cove one of the highest-grade development-stage gold deposits in North America.”
    Figure 1 – 3D View of the Cove Deposit and Drill Program

    [Blockierte Grafik: https://mma.prnewswire.com/media/2073013/i_80_Gold_Corp_i_80_Gold_Announces_New_High_Grade_Results_from_U.jpg?p=distribution]

  • I-80 Gold Corp./ IAU, IAUX (TSX, ASE)

    i-80 Gold Reports Q1 2023 Operating Results


    https://www.prnewswire.com/new…ng-results-301818758.html




    2023 First Quarter Highlights:

    • Q1 2023 gold sales of 2,349 ounces, including the first gold sold from the Granite Creek property
    • March 31 cash balance of $57 million and $33 million in restricted cash
    • Continued exploration success at Ruby Hill including multiple new high-grade discoveries and expansion of gold and polymetallic mineralization
    • 6,890 core feet and 320 RC feet drilled to expand monitoring of the hydraulic properties at McCoy Cove
    • Continued underground core drilling delineation of the CSD Gap ore body at McCoy Cove (10,699 feet)
    • 9,389 tons of oxide mineralized material shipped to Lone Tree from Granite Creek for processing
    • Entered into an agreement to acquire Paycore Minerals Inc.
    • Engineering Class III study of Lone Tree autoclave refurbishment continued on plan

    "We are encouraged to have achieved the milestone of our first gold sale from Granite Creek, with over 400 ounces sold. We continue to advance development and improve production capabilities at this site and expect a ramp up through 2023. In addition, we continued to have production from the residual leaching at both Lone Tree and Ruby Hill", stated Ryan Snow, Chief Financial Officer of i-80. "We continued to advance development at McCoy-Cove and exploration at Ruby Hill spending nearly $9.0 million during the quarter to further understand the Hilltop and Blackjack zones at Ruby Hill and the CSD Gap ore body at McCoy Cove. With the additional capital raise completed in February, we will continue to advance i-80's projects towards our ultimate goal of being a mid-tier Nevada focused producer."

  • SSR Mining / SSRM (NYSE, TSX)

    SSR Mining Announces The Acquisition Of An Up To 40% Ownership Interest And Operatorship In The Hod Maden Gold-Copper Project Through An Earn-In Structured Transaction

    https://www.businesswire.com/news/home/20230508005529/en/
    Highlights

    • SSR Mining to acquire an up to 40% interest and immediate operational control in the Hod Maden gold-copper development project (“Hod Maden” or the “Project”) in northeastern Türkiye from Lidya Mines


    • Aggregate acquisition consideration totals $270 million, which includes $120 million in upfront cash payment to acquire a 10% interest in Hod Maden, followed by $150 million in earn-in structured milestone payments to acquire an additional 30% interest, payable between the start of construction and the first anniversary of commercial production 4


    • The acquisition of Hod Maden will add one of the highest margin and lowest capital intensity development projects globally to SSR Mining’s robust portfolio of high-return growth projects and is expected to deliver an estimated all-in after-tax internal rate of return (“IRR”) in excess of 15% after acquisition costs


    • Transaction is accretive to SSR Mining across all meaningful per share valuation metrics, including Net Asset Value, Mineral Reserves, Mineral Resources, production, operating cash flow, and free cash flow 1


    • Based on the Feasibility Study – Technical Report NI 43-101 effective February 28, 2021 (“the 2021 Feasibility Study”) published by Horizon Copper Corp. 2, Hod Maden features a 13-year mine life averaging (on a 100% basis) approximately 195,000 ounces of gold equivalent production annually at first quartile co-product AISC of $588/oz, generating $164 million of annual free cash flow and a 36% after-tax internal rate of return (“IRR”) at base case commodity prices of $1,599/oz gold and $3.19/lb copper 3


    • Transaction projected to provide SSR Mining with approximately an expected attributable 80,000 gold equivalent ounces and $66 million in free cash flow annually (at $1,599/oz gold and $3.19/lb copper) once in production, expected in 2027 3


    • Hod Maden is a world-class, high grade and high-margin asset which will further enhance SSR Mining’s free cash flow generation, which has been a key pillar of the Company’s strategy and sector-leading capital returns program


    • The Transaction leverages SSR Mining’s significant experience in Türkiye and its proven project development team that successfully delivered the Çöpler Sulfide Expansion Project on time and under budget, provides in-country synergies, and builds on a long-standing and strong joint venture partnership with Lidya Mines in Türkiye










    [Blockierte Grafik: https://mms.businesswire.com/media/20230508005529/en/1786373/4/Project_Sand_Figure_1.jpg?download=1]



    Figure 1. Location of the Hod Maden project relative to SSR Mining’s assets in Türkiye. (Photo: Business Wire)
















    May 08, 2023


  • Sandstorm Gold / SSL,SAND (TSX,USC)

    Sandstorm Gold Royalties Provides Updates on Key Development Projects

    https://www.prnewswire.com/new…t-projects-301818572.html


    SSR MINING TO ACQUIRE OPERATING INTEREST IN HOD MADEN
    SSR Mining Inc. ("SSR Mining"), a leading diversified gold company, has reached an agreement with Lidya Madencilik ("Lidya"), to acquire up to a 40% interest in the Hod Maden gold-copper project in Türkiye ("Hod Maden"), and assume operational control of the asset upon closing of the transaction. SSR Mining will pay cash consideration of US$270 million (the "Transaction") as follows:

    • US$120 million in cash paid on closing for a 10% interest in Hod Maden;
    • US$150 million in earn-in structured cash milestone payments, linked to construction and commercial production milestones at Hod Maden, to acquire an additional 30% interest in the project.

    In addition, SSR Mining will pay US$84 million to Lidya in the form of a contingent Mineral Reserve and Resource payment upon discovery of an additional 500,000 ounces of gold equivalent Reserves1 at Hod Maden beyond those currently identified as Mineral Reserves and Mineral Resources. Assuming the terms of the earn-in milestone payments of the Transaction are fulfilled, SSR Mining will hold a 40% operating interest in Hod Maden, with the remaining passive ownership held by Lidya (30%) and Horizon Copper Corp. ("Horizon Copper") (30%). Sandstorm maintains a 2.0% net smelter returns ("NSR") royalty on 100% of Hod Maden and a gold stream on Horizon Copper's interest that entitles the Company to purchase 20% of the gold produced at Hod Maden on a 100% basis2.
    "We are very pleased to welcome a seasoned operator like SSR Mining to the development team at Hod Maden," said Nolan Watson, Sandstorm's President & CEO. "We believe the addition of SSR Mining will complement the work that Lidya has undertaken over the last several years, working meticulously to de-risk Hod Maden through permitting and securing regulatory approvals. SSR Mining has a successful, long-standing partnership with Lidya at the Çöpler mine in Türkiye. Çöpler has been in production since 2010 and SSR Mining continues to daylight exploration upside at the asset and extend its mine life. We are excited to see this proven partnership add similar value to Hod Maden."


    Mehr im Original.


  • Wheaton Precious Metals / WPM (TSX, NYSE)

    Wheaton Precious Metals Confirm the Retirements of Eduardo Luna and John Brough from the Board of Directors
    https://www.prnewswire.com/new…-directors-301817460.html
    VANCOUVER, BC, May 8, 2023 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") announces the retirement of Mr. Eduardo Luna as part of the Company's board renewal program and the retirement of Mr. John Brough due to personal health reasons. Both directors intend to retire upon the completion of their terms at the upcoming 2023 annual general and special meeting of shareholders scheduled for May 12, 2023 (the "Meeting").
    Mr. Luna has served on the company's Board of Directors since 2004 and was Chair of the Company from October 2004 to May 2009. Mr. Luna was also Interim Chief Executive Officer of the Company from October 2004 to April 2006.
    Mr. Brough has also served on the company's Board of Directors since 2004, during which time he served as Chair of the Company's Audit Committee as well as serving on other board committees.
    "Since Wheaton's inception, Eduardo and John have played instrumental roles in guiding our transformation into the world's premier precious metals streaming company," said Randy Smallwood, President and Chief Executive Officer of Wheaton. "Eduardo's expertise in Latin America, knowledge of the global economy and vast experience in the mining sector has made him an immensely valued adviser to Wheaton. We also benefitted from John's strong track record of strategic management, his financial acumen, audit expertise and general enthusiasm for continuous professional development. On behalf of the Board and the management team at Wheaton, I would like to thank Eduardo and John for their dedication and support over the last 19 years. Both Eduardo and John will always be a part of Wheaton." [smilie_blume]

  • Developer -- die Suche nach Alpha

    [Blockierte Grafik: https://mma.prnewswire.com/med…_a_Second_Defin.jpg?w=200]


    Global Atomic Completes a Second Definitive Agreement to Supply Uranium to a Major North American Utility

    https://www.newswire.ca/news-r…an-utility-829702574.html



    TORONTO, May 8, 2023 /CNW/ - Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today that the Company has formalized its June 2022 Letter of Intent by signing a Definitive Agreement with a major North American utility for their procurement of uranium from the Dasa Project. The agreement represents the supply of up to 2.1 million pounds U3O8 within a multi-year delivery window beginning in 2025, representing about 7% of Dasa's annual production over the period with a revenue potential valued in excess of US$110 million in real terms.
    [Blockierte Grafik: https://mma.prnewswire.com/media/2070993/Global_Atomic_Corporation_Global_Atomic_Completes_a_Second_Defin.jpg?w=600]GLO - OTCQX Best 50 (CNW Group/Global Atomic Corporation)In January 2023, the Company formalized a similar agreement with another major North American utility for the procurement of Dasa's uranium, representing the supply of 2.4 million pounds U3O8 over a six-year period commencing in 2025, representing a revenue potential of US$140 million in real terms. In total these two agreements represent revenue potential of over US$250 million.
    Global Atomic President and CEO, Stephen G. Roman commented, "These agreements to supply international electric utilities are important milestones for our Company that provide confirmation to our banks, shareholders and the Government of Niger that we have established a guaranteed revenue stream for Dasa. This quarter we are actively in discussions with other utilities for similar agreements with the pre-production intent of signing sufficient volume to cover Dasa's cost of production."
    About Global Atomic
    Global Atomic Corporation (www.globalatomiccorp.com) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.
    The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger, the Dasa Project is fully permitted for commercial production. The Phase 1 Feasibility Study for Dasa was filed in December 2021 and estimates yellowcake delivery to utilities to commence in 2025. Mine excavation began in Q1 2022.
    Global Atomic's Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Türkiye. The plant recovers zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. (Befesa) holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe, Asia and the United States of America.






  • Investmentfirmen mit Edelmetallbezug

    Sprott Announces First Quarter 2023 Results


    https://www.sprott.com/investo…rst-quarter-2023-results/

    Management commentary
    "Sprott's Assets Under Management closed at a record high of $25.4 billion as of March 31, 2023," said Whitney George, CEO of Sprott. "During the quarter, we benefited from approximately $1 billion in net sales in our private strategies and exchange listed products, as well as strong market value appreciation across the majority of our fund products. Looking ahead, we are confident that our positioning in precious metals and energy transition investments will continue to serve our clients and shareholders well as a global realignment of supply chains and critical mineral production unfolds over the coming years."


    Financial highlights1


    Key Assets Under Management ("AUM") highlights


    • AUM was $25.4 billion as at March 31, 2023, up $1.9 billion (8%) from December 31, 2022. On a three months ended basis, we benefited from strong market value appreciation across the majority of our fund products and strong inflows to our private strategies and exchange listed products.


    Key revenue highlights


    • Management fees were $31.4 million in the quarter, up $4.3 million (16%) from the quarter ended March 31, 2022. Carried interest and performance fees were $Nil in the quarter, down $2 million from the quarter ended March 31, 2022. Net fees were $28.7 million in the quarter, up $3.2 million (13%) from the quarter ended March 31, 2022. Our revenue performance was primarily due to higher average AUM given market value appreciation and inflows in our exchange listed products and private strategies segments. These increases were partially offset by lower average AUM in our managed equities segment and the lack of carried interest crystallization in our private strategies segment.
    • Commission revenues were $4.8 million in the quarter, down $8.3 million (63%) from the quarter ended March 31, 2022. Net commissions were $2.4 million in the quarter, down $4.2 million (64%) from the quarter ended March 31, 2022. Lower commissions were due to weaker mining equity origination activity in our former brokerage segment and slower at-the-market ("ATM") activity in our physical uranium trust.
    • Finance income was $1.2 million in the quarter, down $0.3 million (18%) from the quarter ended March 31, 2022. We experienced lower income generation in co-investment positions we hold in LPs managed in our private strategies segment.

    https://www.sprott.com/insight…ium-s-april-breakthrough/

  • Länderrisiken

    SURVEY OF MINING COMPANIES 2022


    https://www.fraserinstitute.or…mining-companies-2022.pdf


    The top
    The top jurisdiction in the world for investment based on the Investment Attractiveness is Nevada,
    which moved up from 3 rd place in 2021 (see table 1). Western Australia, which topped the ranking
    last year, ranked 2nd. Saskatchewan continues to be on the podium, though it dropped slightly from
    ranking 2 nd in 2021 to 3rd this year. Newfoundland & Labrador ranked 4th, moving up from the
    21st place it occupied in 2021. Rounding out the top 10 are Colorado, Northern Territory, Arizona,
    Quebec, South Australia, and Botswana. Four jurisdictions—Newfoundland & Labrador, Colorado,
    Northern Territory, and Botswana—were outside of the top 10 in 2021 but this year displaced Alaska,
    Idaho, Morocco and Yukon.


    The bottom
    When considering both policy and mineral potential in the Investment Attractiveness Index,
    Zimbabwe ranks as the least attractive jurisdiction in the world for investment, a spot it occupied
    last year as well. This year, Mozambique, South Sudan, Angola, and Zambia joined Zimbabwe as
    among the least attractive jurisdictions in which to investment. Also in the bottom 10 (beginning
    with the worst) are South Africa, China, Democratic Republic of Congo (DRC), Papua New Guinea,
    and Tanzania. Zimbabwe, China, Democratic Republic of Congo, and South Africa were all in the
    bottom 10 jurisdictions last year.
    The 10 least attractive jurisdictions for investment based on the PPI rankings are (starting with the
    worst) Zimbabwe, Guinea (Conakry), Mozambique, China, Angola, Papua New Guinea, Democratic
    Republic of Congo (DRC), Nunavut, Mongolia, and South Africa.