Bill Gross warns on gold momentum as regional bank stocks tumble
VANCOUVER - Pan Global Resources Inc. (TSXV:PGZ) (OTCQB:PGZFF) (FRA:2EU), a mining company with a market capitalization of approximately $70 million and notable 12% dividend yield according to InvestingPro, announced Wednesday the appointment of UK-based mining executive Roger Davey to its Board of Directors.
Davey brings significant industry experience, having served on the Atalaya Mining Board for 14 years, including 10 years as Chairman. His career includes 13 years with N M Rothschild in Resource Banking and operational roles in Africa and South America.
"Mr. Davey’s appointment brings deep operational, financial and governance experience to Pan Global’s Board as the flagship Escacena project advances to engineering studies," said Patrick Evans, Pan Global’s Chairman, in a press release statement. The company has shown strong momentum this year, with InvestingPro data showing a YTD price return of nearly 16%.
Davey currently serves as an independent director of Central Asia Metals and Tharisa plc. His previous experience includes three years as General Manager of Cerro Vanguardia in Argentina, where he managed a gold/silver project from drilling through construction.
The company has granted Davey 500,000 stock options at $0.13 per common share, exercisable for five years. The options will vest in two equal portions over 24 months. The stock currently trades at $10.45, maintaining relatively low price volatility according to InvestingPro analysis, with a 52-week range of $9.24 to $11.31.
Pan Global Resources focuses on exploring copper-rich mineral deposits along with gold and other metals. The company’s primary assets include the Escacena Project in southern Spain and the Cármenes project in northern Spain. InvestingPro analysis indicates the company maintains a "GOOD" overall financial health score, suggesting strong operational fundamentals despite the exploratory nature of its business.
At the company’s annual general meeting held on September 16, shareholders re-elected six existing board members and re-approved the Company’s Long Term Equity Incentive Plan and Shareholder Rights Plan.
In other recent news, Principal Real Estate Income Fund has announced its decision to pay monthly distributions of $0.105 per common share for August, September, and October 2025. This announcement was made public on Tuesday. The distributions are based on the fund’s current net asset value of $11.52 per share as of June 27, 2025. According to the press release, this results in an annualized distribution rate of 10.94%. These developments provide important information for investors regarding the fund’s income strategy.
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