Siren Gold

Siren Gold Analyst Review: High Grade Deep Mine Potential With Antimony Coproducts


Martin Place Securities has published its analysis on Siren Gold (ASX:SNG), highlighting its projects' geology, exploration potential and positive cash position.

Siren Gold has a strategic hold over 40km of the Reefton Goldfield line of lode in West Coast New Zealand, targeting a resource expansion from the historical high-grade mines and aiming to achieve a 2.7moz resource within 24 months. The company has an active diamond drilling program underway, with a goal to explore the current 1.3moz combined resources at Reefton and Sams Creek. The Sams Creek 0.824moz @ 2.8g/t porphyry gold resource, in particular, has a growing resource, and according to the report, "Sams Creek Porphyry Project is potentially another significant ore body."

Siren Gold's approach aligns with the New Zealand government's positive stance towards mining, potentially accelerating the timeline for reaching its resource targets.

Financially, Siren Gold exhibits a strong market cap leverage to its exploration targets, with a 24-month price target suggesting a significant upside. The company's capital structure, share price performance, and strategic shareholder composition provide a stable foundation for its ambitious exploration endeavors. With an experienced team at the helm, Siren Gold is strategically positioned to capitalize on the gold renaissance underway on New Zealand's West Coast.

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Siren Gold

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Newmont Reports First Quarter 2025 Results

Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) today announced first quarter 2025 results and declared a dividend of $0.25 1 per share.

"Following on from a robust fourth quarter performance, Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion, demonstrating the strength of our unrivaled Tier 1 Portfolio," said Tom Palmer, Newmont's President and Chief Executive Officer. "We also successfully completed our non-core divestiture program, generating up to $4.3 billion in total gross proceeds including over $2.5 billion of after-tax cash proceeds in the first half of 2025. With these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance, continuing on our journey towards creating the world's leading gold and copper portfolio for the benefit of our shareholders."

News Provided by Business Wire via QuoteMedia

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