What you need to know: • Rio2 owns the Fenix Gold Project which is the largest fully permitted and financed gold heap leach project in the Americas. • The Company recently obtained a $174M construction financing package and has since moved forward with construction. • Rio2’s management team comes from Rio Alto, which was highly successful prior to being merged with Tahoe Resources in a C$1.3B transaction. • RIO trades at only $26/oz compared to its peers at $88/oz. Rio2 Limited (RIO:TSXV, RIOF...
A director at Rio Tinto Limited bought 653 shares at 114.652AUD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
In response to the economic disruption triggered by the global pandemic, many governments have incorporated a pivot to the green economy in their economic stimulus and tax relief response plans. As part of the economic recovery, DBRS Morningstar notes that global mining companies have increasingly embraced Canada as a preferred jurisdiction for investing in new technologies necessary to achieve net-zero greenhouse gas (GHG) emission targets. The main focus for most mining companies has been inv...
What you need to know: • The precious metals and mining market significantly outperformed broader indices in the month of March with the GDX rising 15% versus the TSX being down slightly • Gold rallied heavily following the collapse of several major banks and the U.S. Fed guiding for a pause on rates in the near term • This month only strengthens our confidence that 2023 will be a standout year for both precious metals and base metals and encourage investors to position themselves accordingly ...
DBRS Morningstar's 2023 outlook for the credit profiles of the mining issuers in its rating universe remains neutral. Although benchmark iron ore, copper, aluminum, and metallurgical coal prices (based on Bloomberg consensus price forecasts as of January 4, 2023) are all expected to decline compared with 2022, prices are still expected to remain above historic norms. As a result, issuers' forecast operating cash flow and EBITDA are expected to be strong, which, combined with low debt levels, sho...
A Perfect Storm for Gold Amid Inflation and Geopolitical Tensions Fundamental Research Corp has issued a report entitled “Advancing a Fully Funded Gold Project to Production” and dated January 25, 2022. The full report is now at
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