Latest news for Goldshore Resources (OTC:GSHRF) Stock

Goldshore Resources Inc is a Canadian company engaged into the business of gold exploration. It's main operating segment is in Canada. The company owns the Moss Lake Gold Project located in Ontario.

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Source: Streetwise Reports   04/19/2023

Goldshore Resources Inc. finds high-grade sub-vertical deposits and expects a significant value increase.

Gold Company Sees Shining Future

GOLDSHORE RESOURCES INC by Goldshore Resources Inc.

Goldshore Resources Inc

Management Commentary
&quot;In the first half of the year, we updated our pricing and marketing acquisition strategies to target more profitable customers and generate higher gross margins. As a result, in the&nbsp;second quarter, we saw sequential margin improvement with product margins at&nbsp;54.0%, up 210 bps from&nbsp;Q1. We expect&nbsp;Q3&nbsp;to be sequentially higher.&quot;
&quot;We are&nbsp; forging on a path that we expect will result in achieving sustainable and significantly positive Adjusted EBITDA next year while working towards achieving a&nbsp;6-8%&nbsp;Adjusted EBITDA margin and enhanced free cash flow generation in the medium term&quot; said David Meniane, CEO.&nbsp;
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Guidance

PRTS

CarParts.com Expects FY24 Net Sales At Low End In Range Of $600M - $625M (Est $604.659M) And Gross Margin To Be 33%, Plus Or Minus 100 Basis Points

Skyworks Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) reported its third-quarter financial results Tuesday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/07/b40049724/skyworks-reports-q3-fy24-results">key figures from the report.&nbsp;</a>
The Details: Skyworks Solutions reported quarterly earnings of $1.21 per share which missed the analyst consensus estimate of $1.23 and is a 30.06% decrease from the same period last year. 
Quarterly sales came in at $905.5 million which beat the analyst consensus estimate of $900.4 million and represents a 15.47% decrease in sales from the same period last year.
The company increased its quarterly dividend by 3% to 70 cents per share payable on Sept. 10 to stockholders of record at the close of business on Aug. 20, 2024.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40023781/sprouts-farmers-market-stock-is-up-on-q2-results-strong-q3-guidance">Sprouts Farmers Market Stock Is Up On Q2 Results, Strong Q3 Guidance</a>
&#8220;Skyworks generated solid results and strong profitability consistent with our guidance,&#8221; said Liam K. Griffin, CEO of Skyworks. 
&#8220;Exiting the June quarter, our mobile business is ramping up while our broad markets business continues to recover. Over the medium-to-long-term, we expect generative AI applications will migrate to the edge, including the smartphone, driving a meaningful replacement cycle and leading to higher levels of RF complexity.&#8221;
Outlook:&nbsp;Skyworks expects fourth-quarter revenue to be between $1 billion to $1.04 billion with non-GAAP diluted earnings per share of $1.52 at the mid-point of the revenue range, versus the estimate of $1.51. The company expects its mobile business to be up approximately 20% sequentially, as demand and supply patterns appear to be normalizing. 
SWKS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Skyworks Solutions shares are down 3.14% after-hours at $114.00&nbsp;at the time of publication Tuesday.
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SWKS

Skyworks Solutions Posts Mixed Q3 Results: The Details

JBT Corporation Sees FY24 Adj. EPS $5.05-$5.35 vs $5.16 Est., Revenue $1.715B-$1.75B vs $1.74B Est.

WIIM

NARI

Inari Medical shares are trading lower after the company reported Q2 financial results and issued FY24 revenue guidance below estimates.

Penumbra shares are trading lower after the company reported Q2 financial results and cut its FY24 revenue guidance below estimates.

ICF to Deliver Equitable, Clean Energy Programs to One of the Largest Counties in the Nation
RESTON, Va., July 30, 2024 /PRNewswire/ -- The Los Angeles County Southern California Regional Energy Network (SoCalREN) recently awarded a contract to global consulting and technology services provider ICF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICFI#NASDAQ">ICFI</a>) to design and deliver their full portfolio of residential energy efficiency programs. The recompete contract has a value of $17 million and a term of nearly three years.&nbsp;&nbsp;

Contracts

ICFI

LA County Awards ICF ~3-Year $17M Energy Efficiency Contract To Design And Deliver Their Full Portfolio Of Residential Energy Efficiency Programs

MTCH

Match Group Announces Workforce Reduction Of ~6% Globally

Forrester Res (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORR#NASDAQ">FORR</a>) reported quarterly earnings of $0.68 per share which missed the analyst consensus estimate of $0.70 by 2.86 percent. This is a 27.66 percent decrease over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $121.825 million which beat the analyst consensus estimate of $121.210 million by 0.51 percent. This is a 10.15 percent decrease over sales of $135.589 million the same period last year.

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FORR

Forrester Res Q2 2024 Adj. EPS $0.68 Misses $0.70 Estimate, Sales $121.825M Beat $121.210M Estimate

Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) reported quarterly earnings of $0.05 per share. This is a 66.67 percent decrease over earnings of $0.15 per share from the same period last year. The company reported $13.82 million in sales this quarter. This is a 31.09 percent decrease over sales of $20.06 million the same period last year.

GDHG

Golden Heaven Group Hldgs H1 EPS $0.05 Down From $0.15 YoY, Sales $13.82M Down From $20.06M YoY

The&nbsp;$60 million&nbsp;change in&nbsp;guidance&nbsp;comes from 4 distinct components impacting revenue in the second half of the year.

Penumbra Cuts FY24 Total Revenue Guidance Range From $1.23B - $1.27B To $1.18B - $1.20B, Est $1.241B

CACI

CACI International Awarded $450M Ten-Year Contract To Support Joint Navigation Warfare Center; Will Provide 24/7 Operations Support, Joint And Operational Planning, Adversary PNT Capability, And Order Of Battle Assessment

Heartland Financial USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLF#NASDAQ">HTLF</a>) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $1.14 by 0.88 percent. This is a 3.6 percent increase over earnings of $1.11 per share from the same period last year.

HTLF

Heartland Financial USA Q2 Adj $1.15 Beats $1.14 Estimate

&nbsp;Common Stock To Trade On Split-Adjusted Basis Starting August 2, 2024 Under Symbol NCPL And New CUSIP 64113L202

Stock Split

NCPL

Netcapital Announces 1-For-70 Reverse Stock Split Effective August 1, 2024

Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) reported quarterly earnings of $0.04 per share which met the analyst consensus estimate. This is a 42.86 percent decrease over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $30.830 million which beat the analyst consensus estimate of $30.702 million by 0.42 percent. This is a 14.99 percent decrease over sales of $36.266 million the same period last year.

Franklin Street Props Q2 2024 FFO $0.04, Inline, Sales $30.830M Beat $30.702M Estimate

Management

HDSN

Hudson Technologies Appoints Brian J. Bertaux As Chief Financial Officer, Effective Immediately; Replaces Nat Krishnamurti

Vistra shares are trading higher after the company announced that the Nuclear Regulatory Commission has approved its request to extend the operation of Comanche Peak Nuclear Power Plant through 2053.

W. P. Carey Cuts 2024 AFFO Guidance From $4.65 - $4.75 To $4.63 - $4.73 Per Share; Est $4.72

NRC issues 20-year license renewal to the 2,400-megawatt nuclear plant, ensuring continued reliable, baseload generation of zero-carbon electricity

Vistra Approved To Operate Comanche Peak Nuclear Plant Through 2053

Delek Logistics Partners Declares Q2 2024 Cash Distribution Of $1.09 Per Unit, Annualized At $4.36 Per Unit; Payable On August 16, 2024, To Unitholders Of Record On August 9, 2024

Guidance
BXP provided guidance for third quarter 2024 EPS of $0.54 - $0.56 and FFO of $1.80 - $1.82 per diluted share, and full year 2024 EPS of $2.08 - $2.14 and FFO of $7.09 - $7.15 per diluted share. This represents an increase of approximately $0.08 per share at the midpoint of our guidance provided last quarter for both EPS and FFO per share primarily due to:
<ul>
<li>lower-than-projected non-cash interest expense and greater contributions from portfolio operations in the second quarter as described above, and</li>
<li>an increase in projected contributions from portfolio operations in the second half of 2024, primarily from higher termination income.</li>
</ul>

BXP Sees Q3 EPS Of $0.54-$0.56 Vs $0.52 Est; FFO $1.80-$1.82 Per Diluted Share; Sees FY24 EPS $2.08-$2.14 Vs $2.12 Est.; FFO $7.09-$7.15

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources Inc. has reported that Lutry Investments Limited recently acquired 413,5...

Goldshore Resources Stake Increased by Lutry Investments

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources Inc. announces a 12-month strategic plan for the Moss Gold Project, high...

Goldshore Resources Sets Bold 12-Month Plan for Moss

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources Inc. is gearing up for a 2,500-meter summer drilling endeavor starting J...

Goldshore Resources Sets Sights on Expansion

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources has launched a promising 2,500-meter summer drill program at the Moss Bl...

Goldshore Resources Kicks Off Major Drill Program

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources Inc. is enhancing its communications and investor relations strategy by ...

Goldshore Resources Boosts Market Presence

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources Inc. is advancing the Moss Gold Project by engaging G-Mining Services In...

Goldshore Resources Advances Moss Gold Project

Moss Genomics, Inc. (TSE:MOSS) has released an update. Moss Genomics Inc., a biotech company leveraging AI and genomic data to create health soluti...

Moss Genomics Appoints New Board Member

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources Inc. has successfully completed its summer drilling program at the Moss ...

Goldshore Resources Excels in Summer Drilling Program

Goldshore Resources gets funding of C$4.9M via early exercise of warrants

Goldshore Resources (TSE:GSHR) has released an update. Goldshore Resources Inc. has successfully raised CAD $4.9 million by the early exercise of w...

Goldshore Secures $4.9M Ahead of Gold Deposit Assessment

Press Releases

The Watchlist by The Market Herald Releases New Interviews with Thermal Energy, Mullen Group, Goldshore Resources, Fortune Minerals, Gamelancer Media, and ARway.ai Discussing Their Latest News

Goldshore Announces Early Warning Report for Lutry Investments

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Goldshore Resources

Source: Streetwise Reports &nbsp;&nbsp;04/19/2023

Goldshore Resources Inc. finds high-grade sub-vertical deposits and expects a significant value increase.

Goldshore Resources Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GSHRF#OTCQB">GSHRF</a>) is anticipating a number of forward-looking milestones that it expects will increase the company&#39;s value. The company is expecting a re-evaluation of the Moss Lake project that should reveal substantial deposits of high-grade gold and has recently completed a project to bring European investors on board.

Goldshore is a Canadian-based junior mining company, and its flagship project is the Moss Lake gold project in Ontario. Brett Richards is the CEO, and Peter Flindell is the Vice President of Exploration. Marlis Yassin is the CFO. &nbsp;

<h3>Potential for a Significant Increase in Value</h3>

According to Brett Richards, CEO, the highlight of Goldshore is the company&#39;s investment thesis: Goldshore is currently the lowest-valued junior gold trading company, with the most potential for value increases.

Richards said, &quot;The value of our company is five dollars. We&#39;re going to increase the resource by 50%, and we&#39;re going to put a project around that . . .&nbsp; all of these metrics point to a company that should be five times where we are today and grow to ten times in another year.&quot; Goldshore expects to find a path of continual share price appreciation as it expands the Moss Lake project.

<blockquote class="callOut left">Reuters predicted, based on last week&#39;s economic data, that the economy is likely to run into a slowdown, which, based on previous trends, may once again drive investors toward gold as a safe haven investment.</blockquote>

Subvertical deposits have been found throughout the Moss Lake project, containing an estimated 6 million ounces of high-grade gold. Over half of this is expected to register at 2 g/t gold.

This would make the Moss Lake project the highest-grade open pit deposit in Canada. Goldshore is anticipating an updated mineral resource estimate that is set to come out later this month.

Goldshore just recently finished a round of fundraising in Europe. When asked why he chose to reach out to investors in places like London, Brett Richards said that he wanted to find a market where shares were tightly held: &quot;They won&#39;t sell until you sell.&quot;

<h3>Why Gold?</h3>

Gold is still hovering at about US$2,000 and has recovered from last Friday&#39;s sell-off. According to Jim Wyckoff of Kitco, &quot;Friday&#39;s downside price action in gold and silver are so far just normal downside corrections in uptrends that remain strong.&quot;

This coincides with uncertainty in the United States&#39; economy, said Nadine McGrath of Stockhead. At the close of last week, gold was slowly climbing toward the record price of US$2,075.47, which was set in August 2020 during economic uncertainty brought on by the COVID-19 pandemic.

Reuters predicted, based on last week&#39;s economic data, that the economy is likely to run into a slowdown, which, based on previous trends, may once again drive investors toward gold as a safe haven investment.

<h3>The Future of Goldshore</h3>

Aside from the catalysts mentioned above, there are a number of factors that make Goldshore attractive.

<blockquote class="callOut right">&nbsp;According to Clive Maund, &quot;Goldshore Resources Inc.&#39;s fundamentals are positive, which of course increases the chances of improvement in the stock price soon.&quot;</blockquote>

According to Clive Maund, &quot;Goldshore Resources Inc.&#39;s fundamentals are positive, which of course increases the chances of improvement in the stock price soon. . . being still very close to the second low of a large-ish double bottom at a time when the sector is really coming to life, the company is viewed as being a very attractively priced junior here. It is rated an immediate Strong Speculative Buy.&quot;

Goldshore expects 40,000m of drilling in 2023, and it will put out press releases on its progress every three to four weeks. An MRE will come out in April of 2023. A PEA will come out in H1 of 2023, and it will be focused on the at-surface high-grade shear domain material. A tertiary MRE will come out at the end of 2023, which will cover all drilling done that year and all historical drilling that can be brought into the resource model. [OWNERSHIP_CHART-10614]

Goldshore has also maintained its social license with the First Nations communities around it. While it sponsored some individuals to go to university, it has also invited members of the community to take part in training to become mining professionals.

<h3>Ownership and Share Structure</h3>

Management, directors, and insiders own about 17 million shares, or 11%. Galen Stuart Mcnamara owns 2.44%, Brett Allan Richards owns 2.09%, Victor Cantore owns 1.17%, and Shawn Khunkhun owns 0.54%

In regard to institutions, Sprott owns 7.35%, Commodity Capital AG owns 2.75%, U.S. Global Investors, Inc., owns 0.60%, Middlefield Capital Corporation owns 0.39%, and other institutions own 10 million shares combined. Wesdome holds 22.89% of the company&#39;s shares as a result of the acquisition of the Moss Lake project.

Goldshore has a market cap of CA$40 million as of December 27, 2022. There are 165 million shares, 5 million broker warrants, and options that represent 8% of the company&#39;s I/O. They trade in the 52-week period between 0.16 and 0.55.

Goldshore reports that it has CA$7 million in the bank, with a monthly burn rate of CA$1.2 million and a monthly drilling cost of CA$1.1 million.

Disclosure: 
1) Amanda Duvall wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: none. She or members of her household are paid by the following companies mentioned in this article: none. Her company has a financial relationship with the following companies referred to in this article: none.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldshore Resources Inc. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with none. Please click <a href="https://www.streetwisereports.com/pub/htdocs/disclaimer.html?utm_medium=feed#consulting">here</a> for more information. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of none. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal&nbsp;disclaime<a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed">r</a>. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

4) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldshore Resources Inc., a company mentioned in this article.<img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=25205" style="height:0px; width:0px" />

(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/GSHR#TSXV">GSHR</a>, OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GSHRF#OTCQB">GSHRF</a>, FWB: 8X00, ))

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