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LON:EST

East Star Resources Interim Earnings Report

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GBX 9.60 +0.50 (+5.49%)
As of 11:58 AM Eastern

East Star Resources EPS Results

Actual EPS
-GBX 0.19
Consensus EPS
N/A
Beat/Miss
N/A
One Year Ago EPS
N/A

East Star Resources Revenue Results

Actual Revenue
N/A
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

East Star Resources Announcement Details

Quarter
Interim
Time
Before Market Opens
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

East Star Resources Earnings Headlines

Gold majors have a big problem
Newmont spent 15 billion dollars acquiring Newcrest in 2023, the largest deal in gold mining history. Yet production stayed at 5.9 million ounces, unchanged from 2020. Newmont, Barrick and Agnico all face the same reserve shortage, pushing majors toward acquiring smaller producing miners. Recent deals show the pattern: Rupert Resources jumped 67 percent and G2 Goldfields jumped 79 percent the day their buyouts were announced. Analyst Garrett Goggin has identified four junior miners he believes are next on the shopping list.tc pixel
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About East Star Resources

East Star Resources (LON:EST) is focused on the discovery and development of copper and gold in Kazakhstan. The Company is pursuing multiple exploration strategies including: · A joint venture with Hong Kong Xinhai Mining Services Limited to take the Verkhuba Deposit (20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead) into production (at no further cost to East Star) with East Star retaining 30% ownership in production · A second VMS Exploration Target with up to 23Mt @ 2.4% copper equivalent in the same region, with numerous other targets being advanced to drill-ready status · A $25 million+ strategic gold exploration joint venture with Endeavour Mining · Tier 1 potential copper porphyry targets and epithermal gold targets in a proven copper porphyry and epithermal belt

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