文章核心观点 - 作者是一位独立投资者，通过自主管理养老基金管理家族投资组合，其目标是提供能产生超额收益的投资观点，投资范围不限行业，持有期通常为数个季度至数年 [1] - 作者的研究方法侧重于构建和维护全面的电子表格，分析历史财务数据、关键指标、业绩指引与市场预期的差异、估值以及与业绩相关的同步或先行指标，同时关注行业新闻和其他人的观点，但很少构建详细的长期现金流折现模型 [1] - 作者认为，与其进行长期的财务预测，不如评估公司在收入、成本和利润率、现金流转化、资本支出与投资以及利率这五大估值驱动因素方面的过往表现和广泛前景更为有用 [1] - 作者披露其持有AEM公司的多头头寸，但本文表达的是其个人观点，且未因本文获得除Seeking Alpha平台外的报酬 [1] 作者背景与研究方法 - 作者采用通才投资方法，只要认为有潜力跑赢标普500指数，就会探索、分析和投资任何行业 [1] - 典型持股期限为数个季度到数年 [1] - 研究覆盖个股时，会深入分析关键领导人的背景和过往业绩记录，例如在CEO变更期间 [1] - 作者很少构建长期现金流折现模型，认为其价值有限 [1]

公司融资与资本结构重组 - 公司已完成其“最大努力”经纪私募配售的第一部分，发行了133,588,478个硬货币单位，每股价格为0.60加元，总收益约为8010万加元[7] - 第一部分的净收益将用于进一步发展Premier金矿和Red Mountain项目以及一般公司用途[7][11] - 配售由Canaccord Genuity Corp和Raymond James Ltd共同牵头，Desjardins Capital Markets参与的财团进行[8] - 作为服务报酬，代理商获得了相当于第一部分总收益6%的现金费用，并向某些购买者销售时降至2%，并获得了4,350,275个不可转让的经纪人认股权证[9] - 配售的第一部分涉及向关联方发行了92,959,170个硬货币单位，构成关联方交易，但根据MI 61-101的条款豁免了正式估值和少数股东批准要求[10] - 公司此前于2025年12月15日完成了一项供股，所得款项已用于解决与Premier金矿相关的现有留置权索赔[2][17] 债务协议修订 - 公司与Nebari Natural Resources Credit Fund II, LP和Nebari Gold Fund 1 LP签订了第二份经修订和重述的可转换融资协议，将贷款到期日延长至2025年12月30日起三年[13] - 根据可转换融资协议，先前向Nebari发行的认股权证行权价重置为0.75加元，所有归属条件被移除，使其可立即行权，到期日延长至交易完成日起三年[13] - 可转换融资协议修订后，允许在交易完成后产生的利息按季度以普通股支付，价格基于折扣市价和15日成交量加权平均价的较高者，但需每次获得TSXV批准[13] - 公司与Nebari还签订了第三份经修订和重述的成本超支协议，将贷款到期日延长至交易完成日起五年，并重组了付款方式[14] - 根据成本超支协议，先前或将要向Nebari发行的认股权证行权价重置为每股0.75加元，到期日延长至交易完成日起五年[14] - 公司与Sprott Private Resource Streaming and Royalty (B) Corp签订了经修订和重述的购买和销售协议，将回购选择权期限延长至2028年12月31日[15][16] - Sprott原则上同意，为豁免一项未完成的交付，将接受约40万美元的付款，该款项将通过后续发行普通股结算[16] 公司治理与领导层变动 - Robert McLeod接替Jim Currie担任公司总裁、首席执行官兼董事[4] - Alex Morrison加入董事会担任首席董事，Ryan Wemark加入担任执行副总裁，Tally Barmash加入担任公司秘书[4] - Robert McLeod是一位经验丰富的地质学家和高管，来自Stewart, BC，在北美黄金项目方面拥有广泛经验，曾是IDM Mining的首席执行官，该公司于2019年被Ascot收购[18] - Ryan Weymark是一位拥有超过15年经验的采矿高管和专业工程师，在项目开发、技术咨询、许可、并购和运营方面经验丰富，是Fiore Advisors Inc的总裁兼联合创始人[19][20] - Alex Morrison是一位拥有40年采矿行业经验的专业董事和经验丰富的采矿高管，曾在Newmont Mining、Franco-Nevada等大型矿业和特许权公司担任高级战略职务[23] - Tally Barmash自2015年11月起担任Fiore Management & Advisory Corp的高级副总裁，在企业融资方面经验丰富，曾为多家上市公司管理股权融资、私募配售、债务融资和并购[25] 项目资产与战略愿景 - 公司资产包括一个完全许可的、日处理能力为2500吨的CIL选矿厂，两个矿床中超过6400米近期建设的地下巷道，一个水处理厂，一个带有道路通道和电网电力的尾矿设施[6] - 公司认为快速开发高品位、可地下大规模开采的Red Mountain项目是成功调试和运营一个集中选矿厂以处理Golden Triangle多个矿床物料的关键[6] - 公司计划在未来几周内宣布其项目的详细开发计划、管理团队的增补以及公司品牌重塑和拟议的更名[6] 交易所状态与股东持股变动 - 公司在完成配售以及Nebari和Sprott修订案的最终接受后，已获得TSX Venture Exchange的有条件批准，将从NEX板块重新激活为TSXV的二级矿业发行人[3] - 根据配售，Ccori Apu S.A.C.收购了50,416,667个硬货币单位，包括50,416,667股普通股和25,208,333.5份认股权证，总对价为30,250,000.20加元[30] - 交易完成后，Ccori Apu现在拥有和控制68,706,106股普通股以及可额外购买27,853,133.5股普通股的认股权证，按非稀释基础计算占已发行普通股的35.6%，按部分稀释基础计算占43.7%[30] - 交易完成后，Nebari现在拥有和控制可转换融资协议、CF认股权证、COF认股权证以及204,621股普通股，按非稀释基础计算占已发行普通股的0.1%，按部分稀释基础计算占13.2%[29]

As most investors have noticed recently, precious metals like gold, silver, and platinum have been surging. I have been bullish on precious metals for a while. In March 2025, I suggested "backing up the truck" on gold mining stocks inLong-time stock market investor focused on strategic buying opportunities with dividend and value stocks. This investment strategy has resulted in a near 5 star rating on Tipranks.com and over 9,000 followers on Seeking Alpha. Follow me on Twitter for my latest trading ideas: @ ...

Key Takeaways Gold Fields lifted Q3 gold equivalent output about 22% year over year to roughly 621,000 ounces. GFI cut all-in sustaining costs about 10% quarter over quarter to nearly $1,557 per ounce. AEM generated over $1.1B in Q3 free cash flow on production of about 867,000 ounces and cost control. Gold Fields Limited (GFI)  and Agnico Eagle Mines Limited (AEM)  are two leading names in the global gold mining industry, each benefiting from elevated bullion prices and shifting investor demand for defensi ...

Key Takeaways ATI's shares climbed 43.4% in 3 months, beating the aerospace-defense group and the S&P 500.ATI is benefiting from higher aerospace build rates, forgings demand and a jet engine aftermarket.ATI is cutting costs with structural initiatives, AI-led reliability, ROI and projects adding 15-20% use.ATI Inc.’s (ATI) shares have gained 43.4% over the past three months. The company has also outperformed the Zacks Aerospace-Defense Equipment’s 1.5% rise and the S&P 500’s roughly 4.7% increase over the ...

Toronto, Ontario--(Newsfile Corp. - December 30, 2025) -  Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce that the Company will consolidate its common shares at a ratio of ten pre-consolidation shares to one post-consolidation share (the "Consolidation"). The Company currently has 1,080,440,735 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 108,044,073 common shares issued and outstandin ...

QUEBEC CITY, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex” or the “Company”) is pleased to announce that at its special meeting of shareholders (the “Meeting”) held today, shareholders (“Robex Shareholders”) voted overwhelmingly in favour of the special resolution (the “Arrangement Resolution”) approving the previously announced merger with Predictive Discovery Limited (“Predictive”) pursuant to which Predictive, through its direct wholly-owned subsidiary, will acquire all of the issued an ...

North Vancouver, British Columbia--(Newsfile Corp. - December 30, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to announce that it has entered into a subscription agreement with Arete Capital Advisory Pty Ltd (the "Subscriber"), a specialist mining investment syndicate advised and managed by Arete Capital Advisors ("Arete") pursuant to which the Subscriber has agreed to acquire, on a non-brokered private placement basis, 44,264,800 units at a price of ...

Colorado-based Company to Reaffirm Gold and Precious Metals ResourcesMIAMI, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Captivision Inc. (“Captivision” or the “Company”) (Nasdaq: CAPT), today announced the engagement of Colorado-based Hard Rock Consulting, LLC (“HRC”) to reaffirm the gold and precious metals reserves of Montana Tunnels Mining, Inc. and the Montana Tunnels Mine, a wholly owned subsidiary and asset of Montana Goldfields, Inc. (“MGLD” or “Montana Goldfields”). As previously announced, Captivision has ex ...

TORONTO, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide a review of the Company’s key accomplishments in 2025, delivering value for our owners and advancing Revival Gold’s portfolio of gold development projects located in the western United States. “Revival Gold continued its transformational growth delivering multiple milestones across the business. Our team did an amazing job in 2025, and I want to thank those involved ...