February 5th, 2021 | 09:42 CET
Triumph Gold, Kinross Gold, Aston Martin Lagonda - Goldfinger in trouble!
The recent surge in the major stock markets was coupled with the hope that inflation would get some traction globally. Given the rampant government spending on pandemic response and rising stimulus budgets for the economy, inflation could have been expected. Due to base effects at the beginning of the year, multiple eco-taxes increased +1.4% in the eurozone. However, as markets tend to look at consumption, administered price increases tend to be counterproductive as they further weaken purchasing power. No good news for the precious metals, they had to give up the previous week's gains again completely: Gold from USD 1,875 to USD 1,790 and silver down by a whole 10% to USD 26.2, which somehow does not fit at all to the USD 1,000 price target of the Robinhood traders.
time to read: 3 minutes
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Author:
André Will-Laudien
ISIN:
CA8968121043 , CA4969024047 , GB00BFXZC448
Table of contents:
Author
André Will-Laudien
Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.
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Triumph Gold - Acquisition in the Yukon
The Canadian exploration Company Triumph Gold Corp. has owned properties in the Yukon for a long time. Here, the legendary "Klondike Gold Rush" took place. One hundred thousand gold-seekers rushed into rugged Alaska and northwest Canada. All the power of the last few years lay in developing the Freegold Mountain project in the Dawson Range's gold belt. Now Triumph is expanding its footprint and has reached an agreement with Teck Resources Ltd. to acquire the Big Creek copper-gold property.
Teck will receive 1.25 million common shares of the Company and a 1.5% net smelter return under a current royalty agreement in remuneration. The Big Creek property consists of 258 contiguous quartz mining claims in the Whitehorse Mining District of Yukon. It is adjacent to Triumph Gold's 100% owned Tad/Toro property to the northwest, significantly expanding the Company's interest in the Dawson Range gold district.
The existing 85 kilometer Mt. Freegold Road provides access to all parts of the Company's flagship Freegold Mountain project, located approximately 15 kilometers southeast of the newly acquired property. The Yukon government recently announced a second Resource Gateway Project agreement with the Little Salmon/Carmacks First Nation that includes upgrading the three bridges along the existing Mt. Freegold Road to mining standards.
Triumph Gold continues to be expansive, so don't be surprised if the now lengthy consolidation of the share price at CAD 0.20 is over ad hoc. The highs were over CAD 0.45 in July 2020. Time to collect!
Kinross Gold - excitement before the numbers
Kinross Gold Corp. is a Canadian gold and silver mining Company founded in 1993 and headquartered in Toronto. Kinross currently operates eight active gold mines in Brazil, Ghana, Mauritania, Russia and the United States. The Company will report its 2020 figures next week.
Looking at the fiscal year just ended, it expects to report average earnings per share of CAD 0.92, down from CAD 0.451 in the previous period.
As one of the 10 major gold and silver miners, Kinross will be able to increase its production to 2.9 million gold equivalent ounces in 2020, an increase of more than 20% compared to the previous year. In terms of revenue, 12 analysts on average expect total sales of CAD 5.49 billion in the past fiscal year, up a healthy 18%. With sustainable production costs of USD 970, the Company is one of the mid-cost producers, and its responsiveness to the gold price is relatively high. Kinross sells little forward, so the upside is already very promising at prices above USD 1,300.
In balance sheet terms, the Company has a liquidity position of CAD 2.5 billion, and debt has been declining steadily for several years. In the ESG ranking in terms of "environmentally friendly and responsible production," Kinross regularly wins awards. After a high of EUR 9, the share corrected again to below EUR 6 - inviting investors to buy.
Aston Martin Lagonda - Daimler stabilizes the 007 outfitter
German premium manufacturer Daimler expanded its stake in British sports car maker Aston Martin Lagonda in the fall and plans to work more closely with the Company in the future. The British Company, known among other things for the cars in the James Bond 007 films, has been suffering from a slump. However, the brand remains attractive, which attracts financially strong investors.
The Mercedes-Benz passenger car subsidiary will give the British access to new technologies and conduct joint research into future topics. Daimler increased its capital share from the former 2.6% to a maximum of 20%. To this end, the Stuttgart-based Company will receive new shares in Aston Martin to be issued in several stages over the next three years up to a total value of 286 million British pounds. In return, Aston Martin will receive, among other things, next-generation hybrid and electric powertrains and other vehicle components and systems. Aston Martin recently announced it would raise its e-quota to 20% by 2024. The struggling Company was temporarily rescued in spring 2020 by a consortium led by Canadian billionaire and Formula One tycoon Lawrence Stroll via a cash injection.
The British Company has been suffering from a slump in exclusive sports cars for years and has high hopes for its first SUV called DBX. The Company had spent a lot of money on the car's start-up, and production is now running at full speed. Aston Martin went public in October 2018 for 1900 pence per share. The price went downhill quite quickly; after a reverse split of 20:1, the price has now stabilized at around EUR 24.
Between July and the end of September, sales of 124 million pounds were around half the figure for the same period last year. The pre-tax loss was still 29 million pounds. By 2025, sales are now expected to increase sharply to 2 billion pounds, and operating profit could rise to around 500 million pounds. The Goldfinger car supplier looks set to turn the corner, thanks to Daimler, because what would James Bond be without a decent vehicle?
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