Ridgeline Minerals Announces 2026 Budget Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy B?
Source: seekingalpha
- Budget Guidance: Ridgeline Minerals has announced a 2026 budget guidance of $9.50 million primarily for partner-funded exploration at the Selena and Swift projects, indicating a proactive stance in resource development.
- Selena Project Progress: The Selena project, operated by Ridgeline and funded by a wholly-owned subsidiary of South32, is currently in Phase I of an exploration earn-in agreement with up to $10 million in qualifying expenditures over five years.
- Swift Project Budget: The Swift project, operated by Nevada Gold Mines, has been allocated a 2026 exploration budget of $5.50 million, with a projected total expenditure of $20 million to meet the Phase I exploration agreement requirements, further advancing gold mining development.
- Funding Support and Strategic Implications: South32 has approved a Year-3 work program budget of $4.40 million, reflecting confidence in Ridgeline's projects and establishing a solid foundation for resource exploration and development over the next five years.
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Analyst Views on B
Wall Street analysts forecast B stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 41.840
Low
44.31
Averages
58.14
High
71.00
Current: 41.840
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- ETF Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Liquidity Monitoring: Weekly monitoring of changes in shares outstanding allows for the observation of significant inflows or outflows, enabling timely portfolio adjustments and optimized asset allocation.
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- Oil Prices Impacting Markets: Brent crude has dropped 2.5% below $100 per barrel, with market analysts noting that falling oil prices typically push up bond prices and lower yields, thereby supporting assets like gold and silver.
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