Analysts' Ideas of the Week
Top Picks Shine: Gold & Yield – Monument Mining and Builders Capital Beat Expectations
ByFRC Analysts
Disclosure: Articles and research coverage are paid for and commissioned by issuers. See the bottom for other important disclosures, rating, and risk definitions, and specific information.
Highlights
We review the performance of our Top Picks, including a junior gold miner, whose shares rose 31% last month. We also highlight promising earnings results from another gold producer, and an alternative lender under coverage, both on our list of Top Picks.
- Gain insights into companies under coverage that experienced significant developments last week, along with our analysts' commentary and actionable takeaways.
- FRC top picks and standout performers from the past week
Updates on Resource Companies Under Coverage
Monument Mining Limited
PR Title: Reports Q3 results for the three months ended March 2025
Analyst Opinion: Positive – Q3 results exceeded our expectations. Production increased 74% YoY, and 11% QoQ, to 9.5 Koz, beating our estimate by 6%, driven by higher throughput and improved recoveries. This was the second-highest quarterly production since sulphide operations began in late 2022, trailing only Q4-FY2024. Cash costs declined 1% YoY, and 5% QoQ, to US$876/oz, closely aligning with our estimate of US$880/oz. Recoveries improved due to plant enhancements, and ongoing optimization efforts. EBITDA rose 7% QoQ, exceeding our forecast by 7%. We will publish a detailed update shortly.
North Peak Resources Ltd.
PR Title: Sampling results from the Prospect Mountain Mine Complex (Prospect MMC) in Nevada
Analyst Opinion: Positive – Recent sampling within a past-producing area returned high gold and silver grades, including bonanza values of up to 46.5 g/t Au, and 569 g/t Ag. Prospect MMC is a historic gold-silver-lead producer in the Eureka mining district in Nevada. The project borders i-80 Gold’s (TSX: IAU) Ruby Hill project, which hosts a significant gold-silver resource. With several targets still untested, NPR plans to undertake additional drilling programs to explore these areas before advancing to a maiden resource estimate. The company is well funded, having recently completed a $5.4M equity financing.
