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Steele Expands Industry-Leading Risk Data & Insights Platform Through info4c Acquisition

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Steele Compliance Solutions, Inc., the global leader in ethics and compliance management for the worlds largest multinational enterprises and financial institutions, today announced the acquisition of info4c. info4c delivers the most trusted and robust Politically Exposed Person, State Owned Entity, Sanction Lists and Watchlists & Blacklists databases available. This acquisition positions Steeles patented AI-driven platform, Risk Intelligence Data, as the most comprehensive source for real-time, high-quality risk and compliance data for effective decision-making regarding vendors, suppliers and customers.

Founded in 2002, by current CEO Melitta Cabai, info4c provides curated and customized compliance data, enabling companies to address a variety of regulatory and risk requirements, including Anti Money Laundering (AML), Anti Bribery and Corruption (ABAC) and Know Your Customer (KYC). The Zurich-based company provides extensive global coverage in over 20 languages from official, public, reliable, reputable and transparent sources. info4c is known for the industry leading quality of its datasets and will continue to go to market primarily through its network of value added partners.

We are excited to be joining our longtime partner and industry leader, with a history of innovation and a long-term vision for growth, said Melitta Cabai, CEO of info4c. In joining Steele, we can reach a wider scope of customers and partners by leveraging the best combination of Steeles AI-based technology and proprietary data, along with human intelligence, to deliver comprehensive risk information. We look forward to providing our valuable partners with the same strong level of service, attention and quality that they are used to; and as part of the Steele family we will be investing to increase the depth and breadth of our datasets.

An ever-increasing volume of publicly available information, coupled with a changing regulatory environment, means compliance professionals need better technology to effectively identify risk information, said Christian Focacci, Managing Partner of Steeles Risk Intelligence Data. info4cs datasets complement our deep expertise in data and AI technology. This strategic acquisition will expand our risk intelligence platform, providing our clients an even more comprehensive view of risk and allow for more predictive risk assessment of vendors and customers.

Now, more than ever, compliance professionals need better technology and better data to effectively identify risk, said Eric Lochner, CEO of Steele. As a long-term partner of Steele, we have valued our relationship with info4c for nearly a decade, and we look forward to supporting and investing in info4Cs robust partner ecosystem. We believe that our strong client base along with info4cs robust partnership ecosystem will be a true game changer. The addition of info4c to the Steele family of products enables us to provide clients and their partners with an unmatched level of data coverage to evaluate risk confidently and effectively. Collectively, we will provide the compliance industry with the enhanced tools they need to gain a truly integrated, holistic view of their compliance program.

About Steele Compliance Solutions, Inc.

Steele is the global leader in Ethics & Compliance Management. We partner with the worlds largest, most respected companies to deliver compliance products and services that help organizations embrace a culture of compliance while protecting their brand. For more information, please visit: www.steeleglobal.com

About info4c

info4c is the global provider of high-quality compliance information founded more than 10 years ago as a Swiss pioneer providing specialized compliance reports. info4c solutions are customized and selected to comply with the relevant legislation and serve most efficiently the specific purpose: Know Your Customer (KYC), Anti Money Laundering (AML), prevention terrorism financing, fraud and corruption (e.g. FCPA and Bribery Act requirements). Their flagship product, the PEP Desk„¢ (politically exposed persons database), is successfully implemented in thousands of banks, insurance companies and large global corporate players. Their PEP Desk„¢ portraits political figures, leaders and other important persons from more than 240 countries and territories and is customized for maximum efficiency. For more information, please visit: www.info4c.net

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Has Social Media Changed The Way Entertainment & Video Content Is Consumed Today

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– FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., Jan. 28, 2021 /PRNewswire/ — Recent trends have led to an explosion in video marketing and mobile advertising on social media. This increased consumption of video content has changed the face of how content is delivered. These days, video seems to be everywhere. But trends such as smartphones, social media and streaming services have all contributed to changes in how we view content, which in turn has influenced the video production industry. Not only are people watching video on their smartphones, but they are also making it themselves. Social media apps such as Snapchat, Vine and Facebook's live video option have given amateurs a simple, inexpensive method to create and share video. Brands are also taking advantage of the popularity of social media. An article on Social Media Headquarters addressed the impact on how social media platforms such as Facebook, Twitter and Instagram have had a profound influence on the entertainment industry over the past decade. It said: “Social media has completely changed the dynamic of what it means to be “Internet famous.” It's easy to point to a whole group of Internet influencers who are literally “famous for being famous.” Someone like a Kardashian is then able to parlay that influence and reach into brand partnerships, reality TV deals and lots of free swag. They can get paid thousands of dollars for simply talking about a new product or promoting a big event.” Active Companies in the markets today include Grom Social Enterprises, Inc. (OTCQB: GRMM), fuboTV Inc. (NYSE: FUBO), Discovery Communications (NASDAQ: DISCA), Roku, Inc. (NASDAQ: ROKU), iQIYI Inc. (NASDAQ: IQ).

The Social Media Headquarters article continued: “Social media is now viewed as a “platform” for making money, and not just as a communication medium. That's a huge difference in how we think about monetization. You can literally become a YouTube millionaire by constantly pushing out short video clips that rack up hundreds of thousands of views at a time. In the pre-social media era, a top singer might release a single album per year and then tour the world to promote that new album. Now, they can use platforms like YouTube, Instagram or even Spotify to monetize all of their new creative content.”

Grom Social Enterprises, Inc. (OTCQB: GRMM) BREAKING NEWSGrom Social Enterprises' Subsidiary Grom Educational Services Enhances its Digital Citizenship License Program as part of Strengthening Security Features of its NetSpective Web Filter – Grom Social Enterprises, Inc. (Grom the “Company”, “we”, “us”, or “our”), developer of Grom Social, a leading social media platform for kids and original entertainment content provider, today announced that its wholly owned subsidiary, Grom Educational Services' NetSpective Web Filter solution, servicing thousands of schools since inception, plans an early 2021 release of its enhanced security features. The enhanced Digital Citizenship License program (DCL) video course specifically designed to cover timely topics that children K-12, parents, and educators are facing during these challenging times. The DCL is a FREE course available to all active school accounts and assists in helping to fulfill the Children's' Internet Protection Act (CIPA) requirements, when schools are seeking to qualify for E-rate funding. The updated proprietary DCL program will also be available free for any new school accounts utilizing NetSpective's Web Filter solution appliance as well.

Darren Marks, President and CEO of Grom Enterprises, Inc. stated, “We are proud to offer our DCL program free to schools in our ongoing efforts to educate and bring awareness to children on how to use the internet safely. We want to continue to be a bridge between education and protection, especially in this climate of uncertainty when it is needed most.”

To support the current climate of education, NetSpective also offers assistance, guidelines, best practices and additional security resources to Grom's customers with their suite of remote filtering software. This software assists in the process off-campus or remote learning by providing:

  • Abuse detection
  • Remote log-on agents
  • Browser extensions 

Utilizing the NetSpective WebFilter Abuse Detection feature can help administrators better identify potentially harmful online student activity. By flagging the “Self-Harm and Suicide” category and others, school administrators are alerted when related words are searched.

Additionally, NetSpective WebFilter applications were updated earlier this year in preparation to better filter schools' web traffic on campus and off. These applications include our Remote Agent for MacOS and Windows as well as our Extension for Chromebooks and Log-on Agent for MacOS and Windows as well as our Extension for Chromebooks. For more information about Grom Social Enterprises please visit https://gromsocial.com/

Other recent developments in the Streaming / Social Media industries include:

fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, recently announced it has executed a binding letter of intent to acquire sports betting and interactive gaming company Vigtory, and expects to launch a sportsbook before the end of the year.

Terms of the deal were not disclosed. The acquisition is subject to the execution of a definitive acquisition agreement and the satisfaction of certain closing conditions. The acquisition is expected to close in the first quarter of 2021.

Roku, Inc. (NASDAQ: ROKU) recently announced that The Roku Channel will become the exclusive place to stream more than 75 premium shows and documentaries that Quibi created in conjunction with Hollywood's leading studios and production companies. Roku acquired the exclusive global distribution rights to Quibi's award-winning shows and will make the content available for free on an ad-supported basis in 2021 to all Roku users.

The Quibi content includes Emmy award-winning scripted series, alternative and reality programming and documentaries featuring stars such as Idris Elba, Kevin Hart, Liam Hemsworth, Anna Kendrick, Nicole Richie, Chrissy Teigen, and Lena Waithe. In addition to the full range of titles that had previously premiered on Quibi, more than a dozen new programs will make their exclusive debut on The Roku Channel.

discovery+, the definitive non-fiction, real-life subscription streaming service from Discovery, Inc. (NASDAQ: DISCA), (NASDAQ: DISCB), (NASDAQ: DISCK), is now live in the U.S. as the company announced major new distribution agreements that will make the product one of the most widely distributed streaming services at launch. discovery+ is available on the following platforms and devices:

– Amazon Fire TV streaming devices, Fire TV Edition smart TVs and coming later to Prime Video Channels

– iPhone, iPad, iPod touch and Apple TV, and the app is fully integrated with the Apple TV app

– Google devices and platforms including Android™ phones and tablets, Chromecast with Google TV™ and other Android TV™ OS devices, and Google Chromecast™ and Chromecast built-in™ devices

– Microsoft Xbox One and Series S/X devices

iQIYI Inc. (NASDAQ: IQ) an innovative market-leading online entertainment service in China, recently announced that it will hold the iQIYI Shout out for Love Gala 2021, the world's first multi-screen interactive live-streaming super night, on January 15, 2021. The iQIYI Shout out for Love Gala 2021 (“Shout out for Love Gala 2021” or the “Gala”), which has the theme of “Love, Light, and Me”, will mark the first time an internet video platform hands over decision-making responsibilities to its subscribers.

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult =a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated twenty six hundred dollars for news coverage of the current press releases issued by Grom Social Enterprises, Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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Fantasy Sports and Sports Betting to Surge as Major Leagues Return to Play

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NEW YORK, Jan. 28, 2021 /PRNewswire/ — When it comes to online gaming, a shift in attitude towards betting is underway, leading to projections of the US sports betting market hitting US$3 billion in 2021. The advent of legal online sports betting is rippling across several markets, with five more states looking to legalize this year. As new seasons are underway in both the NBA and NHL, it appears that the pains of last season's adjustments are behind the pro sports leagues, and ratings are on the rise. With the rising interest in pro sports, the betting markets are seeing a surge, which is aiding several online gaming tech companies, including Bragg Gaming Group (TSXV: BRAG) (OTCQX: BRGGF), DraftKings Inc. (NASDAQ: DKNG), Penn National Gaming (NASDAQ: PENN), 888 Holdings (OTCPK: EIHDF), and Boyd Gaming (NYSE: BYD).

It's not just the United States that's seeing a sports resurgence. Via its market-leading subsidiary ORYX Hub platform, Bragg Gaming Group (TSXV:BRAG) (OTCQX:BRGGF) announced the launch of RGS services for European sports betting and casino operator Betway.

“We're delighted to see our partnership with Betway go live and our titles are going to offer a new dimension of content to their players,” said Matevz Mazij, Managing Director of ORYX Gaming. “Our RGS content has already been proven strong in Germany and beyond, and this partnership will further strengthen the reach and reputation for both our companies.”

Prior to the Betway announcement, Bragg Gaming also struck a deal to enter the Netherlands, through Dutch land-based operators JVH Gaming & Entertainment Group. The agreement includes an integration with leading global sports betting provider Kambi Group.

“The Dutch online gambling market becoming regulated has been some time coming and we are excited about the opportunities now lying ahead,” said Eric Olders, CEO and Chairman at JVH. “We're confident that with ORYX's experience and the quality of their products, we will be able to offer our customers the best level of service and an unrivalled player experience. They have a great team and we look forward to partnering with them as one big team.”

After an exceptional 2020 full of client launches, the Netherlands and Germany are the latest regulated market entries for ORYX. ORYX's content is certified or approved in 18 other regulated markets.

The last 12 months were especially positive for Bragg Gaming Group, which included exceptional revenue growth of 72% in Q3 2020. This momentum gave Bragg the push needed to graduate to the main board, the Toronto Stock Exchange, where it started trading on January 27, 2021.

Bragg is well on its way to becoming a global leader in the online gaming space,” said Paul Godfrey, Board Member at Bragg Gaming. “The listing on the TSX will generate increased awareness among institutional and global investors and will put the Company squarely in the sights of major industry analysts. As the global online gaming industry continues to expand at an exponential rate, investors are looking for companies with the technologies and expertise to lead the way, and Bragg is a prime example.”

Bragg wasn't the only group to enjoy a prosperous 2020, and play off of the momentum.

When it comes to sports betting, DraftKings Inc. (NASDAQ:DKNG) stands out as a pure-play sports betting company that has achieved a household name status.

Morgan Stanley is projecting that DraftKings Inc. could beat revenue estimates by 25% over the next 4 years.

“While stay-at-home tailwinds likely helped, the strength in iGaming has extended well beyond the early casino closures, suggesting acquired customers will continue playing and sports betting revenues beat our 4Q expectations despite a weaker sports calendar,” wrote Allen wrote in a note shared by Benzinga.

Allen sees launches and approvals in Arizona, Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Ohio, Oklahoma, South Dakota, Texas, New York, and Ontario as catalysts for this.

After the death of former Chairman Sheldon Adelson (a long-time opponent of online gaming), Las Vegas Sands now appears to be considering the takeover of 888 Holdings (OTC:EIHDF). It's clear that with Adelson no longer at the helm, his former deputy Rod Goldstein is taking the lead on potential new expansion into online sports betting, and the potential 888 deal is an indication of this shift.

Wholly-owned subsidiary 888 Sport has been seen as a perfect sports betting addition to the parent company's network of online poker and online casino games. Reviews of its user friendliness and responsiveness have been overwhelmingly positive, including living up to the claim of being one of the best mobile betting apps in the business. By adding 888 to its roster, Las Vegas Sands could potentially make one of the biggest splashes in the industry.

Getting out ahead into the online sports betting market, Penn National Gaming (NASDAQ:PENN) turned heads when it partnered with Barstool Sports to launch sportsbook offerings for new markets.

Most recently, the duo launched their sportsbook mobile app and iCasino products in the state of Michigan, after the Michigan Gaming Control Board approved the applications.

Another recently launched sportsbook platform is B Connected Sports from Boyd Gaming (NYSE:BYD). The mobile app allows the ability to bet on all professional and collegiate sports, among other features. However, at this time, the app is only available for users in Nevada.

Though the rollout of B Connected is still in a relatively early stage, Boyd Gaming has retained a 5% stake in the popular FanDuel brand, which Flutter Entertainment just paid $4.2 billion to increase their majority stake in.

As fantasy sports and sports betting gains in popularity among the big players like those mentioned above, companies like Bragg Gaming Group stand in the spotlight as an already established and growing player in the industry.

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

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Gold Mining Operations Expected to See High Rates Of Return In 2021

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PALM BEACH, Fla., Jan. 28, 2021 /PRNewswire/ — Over the last decade, the global demand for gold has increased constantly and the pandemic has only bolstered that historical growth in both 2020 and is projected for 2021 as well. This makes it clear that gold is still one of the world's most coveted commodities and most rewarding investments. The pandemic and its devastating impact on the global economy has impacted investor's risk appetite and boosted safe haven demand for gold. Further, the low interest rates scenario make stocks, government bonds and other investments less appealing, making investors opt for gold. Gold has always been one of the world's most precious and coveted metals. Rarity is the primary reason for its value.  A report on metals & mining from McKinsey & Company said that: “The impact of the COVID-19 pandemic and the subsequent reaction by central banks have several implications for the gold-mining industry. Gold prices rose (to historical highs last year). Meanwhile, energy prices and currencies in some gold-mining countries have declined, so the margins of gold miners have increased.”  Active stocks in the mining markets this week include West Red Lake Gold Mines Inc. (OTCQB: RLGMF) (CSE: RLG), Alamos Gold Inc. (NYSE: AGI) (TSX: AGI), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), B2Gold Corp. (NYSE: BTG) (TSX: BTO), Kirkland Lake Gold Ltd. (NYSE: KL) (TSX: KL).

Over the short term, the mining companies that most successfully avoid or contain the spread of the virus throughout their operations while maintaining production levels will emerge with a stronger cash position as they take advantage of high price levels and strong margins. In the longer term, the strong price of gold provides a window for mergers and acquisitions to consolidate the industry, because the acquisition price per ounce of resources and reserves of an operating gold mine is far below the current spot price. That offers high rates of return.  In addition, we view the strong price outlook as an opportunity to boost spending on exploration to counteract the industry's gold-reserve crisis… The shortage of reserves can be resolved only if additional sites where metal can be extracted at reasonable cost levels are discovered. This is also a big incentive to accelerate capital projects, especially those expected to come into production in the near future—one to one-and-a-half years—since high prices could significantly improve project economics. The current premium between cash costs and the COMEX price curve is near historically high levels, ensuring strong returns if these prices continue

West Red Lake Gold Mines Inc. (CSE: RLG) (OTCQB: RLGMF) (RLG.CNQ) BREAKING NEWS:  WEST RED LAKE GOLD 2021 EXPLORATION PLANS –  West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) is pleased to announce that exploration diamond drilling is planned to continue throughout 2021 on the West Red Lake Gold Project located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.

During the first quarter of 2021, West Red Lake Gold plans to drill along the northern 1 km of the NT Zone as follow-up to successful drill results generated over the southern 1 km portion of the NT Zone during 2019 and 2020. The northern portion of the NT Zone continues to trend north-east before it folds around to the north-west and to the north side of the Rowan Mine. The folding of the NT Zone occurs where it intersects with the east-west trending Pipestone Bay St Paul Deformation Zone (“PBS Zone”) which hosts the Rowan, Mount Jamie and Red Summit Mines which are all located on the West Red Lake Project property.

During 2021, after drilling the north-eastern 1 km portion of the NT Zone, West Red Lake Gold plans to carry out deeper drilling below positive results previously reported in the southern 1 km portion of the NT Zone.

Mr. John Kontak, President of West Red Lake Gold Mines stated, “We are very pleased to begin to explore the second kilometer of the NT Zone for expansion of gold mineralization further along the geological strike to the north-east. After the expansion drilling along strike takes place, the Company also plans to expand the entire 2 km strike length of the NT Zone to greater depth”.

West Red Lake Gold also plans to drill approximately 10 shallow holes to target gold mineralization above the first level of the Rowan Mine. Only minimal drilling has been undertaken to date in the area where historic sampling on the first mine level and at surface indicate good potential for a gold-rich surface bulk sample sometime in the future.  (NI 43-101 Rowan Mine Mineral Resource: 4,468,900 tonnes grading 7.57 gpt Au for 1,087,700 inferred oz of Au from the Technical Report and Resource Estimate on the West Red Lake Project filed on February 18, 2016 authored by John C. Archibald, B.Sc., P.Geo. and Peter Bevan, P.Eng., and John Kita, P.Eng.)    Read this entire release for the West Red Lake Gold Mines news at:  https://www.financialnewsmedia.com/news-rlg/ 

Other recent developments in the mining markets include:

Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) recently announced preliminary full year and fourth quarter 2020 results which indicate that it has met its 2020 guidance targets. Preliminary gold production for the full year of 4.8 million ounces is at the midpoint of the 4.6 to 5.0 million ounce guidance range, while preliminary copper production of 457 million pounds is also within the guidance range of 440 to 500 million pounds.

The preliminary Q4 results show sales for the quarter of 1.19 million ounces of gold and 108 million pounds of copper, as well as preliminary Q4 production of 1.21 million ounces of gold and 119 million pounds of copper. The average market price for gold in Q4 was $1,874 per ounce, while the average market price for copper was $3.25 per pound.

Preliminary Q4 gold production was higher than Q3 2020, mainly due to a strong performance from Pueblo Viejo, the ramp-up of mining operations at Bulyanhulu and ongoing improvement at Turquoise Ridge. Preliminary Q4 gold sales were lower than Q3 2020 as third quarter sales included the export of the remaining stockpiled concentrate in Tanzania. Q4 gold cost of sales per ounce1 and total cash costs per ounce2 are expected to be in line with the prior quarter and gold all-in sustaining costs per ounce2 are expected to be 3-5% lower than in Q3 2020.

Alamos Gold Inc. (NYSE: AGI) (TSX: AGI) recently reported new results from surface and underground exploration drilling at the Island Gold Mine, further extending high-grade gold mineralization in Island Main, East and West.

“These latest results conclude another successful drilling campaign in 2020. Despite not completing as much drilling as planned due to COVID-19, the 2020 program included some of the best exploration results drilled to date at Island Gold. We expect these results to drive further growth in high-grade Mineral Resources at Island Gold with our 2020 year end update, improving already attractive economics with the Phase III shaft expansion, while also clearly demonstrating the significant ongoing growth potential of the deposit,” said John A. McCluskey, President and Chief Executive Officer.  Exploration activities at Island Gold were focused on continuing to define new near mine Mineral Resources, building on the success of the 2019 drilling program and the additional high-grade mineralization that was defined throughout 2020.

B2Gold Corp. (NYSE AMERICAN: BTG) (TSX: BTO) recently announced its consolidated gold production and gold revenues for the fourth quarter and full-year 2020, in addition to its production and budget guidance for 2021.

B2Gold maintains a strong financial position and liquidity. During the third quarter of 2020, the Company fully repaid the outstanding Revolving Credit Facility (“RCF”) balance of $425 million with the full amount of the $600 million RCF now undrawn and available. In addition, at December 31, 2020, the Company had cash and cash equivalents of approximately $480 million.

Due to the Company's strong net positive cash position, strong operating results and the current higher gold price environment, B2Gold's quarterly dividend rate was increased in the third quarter of 2020 by 100% to $0.04 per common share (or an annualized rate of $0.16 per common share), one of the highest dividend yields in the gold sector.

Kirkland Lake Gold Ltd. (NYSE: KL) (TSX: KL) recently announced production results for the fourth quarter (“Q4 2020”) and full-year (“FY 2020”) of 2020. Q4 2020 production totaled 369,434 ounces, a 32% increase from the fourth quarter of 2019 (“Q4 2019”) and 9% higher than the previous quarter. All three of the Company's cornerstone assets achieved their highest quarterly production levels of the year in Q4 2020. For FY 2020, the Company produced 1,369,652 ounces, a 41% increase from 2019 (“FY 2019”) and in line with full-year 2020 guidance of 1,350,000 – 1,400,000 ounces. All dollar amounts are expressed in U.S. dollars, unless otherwise noted. Per share amounts are based on a total of 268,097,877 shares outstanding at December 31, 2020.

A total of $847.6 million of cash was returned to shareholders through share repurchases and dividend payments in FY 2020 ($280.1 million in Q4 2020), representing $3.16 per share outstanding and $619 per ounce of FY 2020 production. A total of $731.6 million (C$974.6 million) of cash was used to repurchase 18,925,900 shares during the year through the Company's normal course issuer bid (“NCIB”), of which 5,727,500 shares were repurchased during Q4 2020 for $245.9 million (C$319.4 million). With additional repurchases of 1,074,100 shares during the first week of January 2021, for $46.3 million (C$58.8 million), the Company has now achieved its goal of repurchasing 20.0 million shares over a 12 to 24-month period, which was announced in February 2020 following the completion of the Detour Gold Corporation (“Detour Gold”) acquisition. Dividend payments in 2020 totaled $116.0 million, including $34.2 million being used in Q4 2020 for a dividend payment of US$0.125 per share on October 14, 2020 to shareholders of record on September 30, 2020. The Company increased the quarterly dividend twice in 2020, doubling it to US$0.125 per share effective the Q1 2020 payment, with an additional 50% increase, to US$0.1875 per share, introduced effective the Q4 2020 payment, to be paid on January 14, 2021 to shareholders of record on December 31, 2020.

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by West Red Lake Gold Mines Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact email: [email protected] – +1(561)325-8757

Cision View original content:http://www.prnewswire.com/news-releases/gold-mining-operations-expected-to-see-high-rates-of-return-in-2021-301216959.html

SOURCE FinancialNewsMedia.com

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