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BOISE, ID – Margaret Lyon Mckinsey, Vice President of External Affairs at Perpetua Resources Corp. (NASDAQ:PPTA), recently sold 10,209 common shares of the company, according to a filing with the Securities and Exchange Commission. The sale, which occurred on February 20, 2025, was executed at a weighted average price of $9.24 per share, totaling approximately $94,331. The transaction comes as the stock has experienced a 10% decline over the past week, though it maintains an impressive 195% gain over the past year, according to InvestingPro data.
The transaction was conducted to cover tax withholding obligations related to the vesting of Restricted Share Units (RSUs), which occurred earlier in February. Following this transaction, Mckinsey holds 37,580 shares in the company.
In a separate transaction on February 21, 2025, Mckinsey acquired 15,847 Restricted Share Units at no cost, which will convert to common shares upon vesting. This acquisition increased her total shareholdings to 65,042 shares.
Perpetua Resources Corp., formerly known as Midas Gold Corp ., is engaged in the exploration and development of gold and silver ores. The company is headquartered in Boise, Idaho. The company maintains a strong liquidity position with a current ratio of 2.31, though it currently operates at a loss with negative earnings per share of $0.22 over the last twelve months.
In other recent news, Perpetua Resources has received a significant boost with the U.S. Forest Service granting the Final Record of Decision for its Stibnite Gold Project. This approval marks the end of an extensive eight-year review process and allows the company to advance toward construction, pending the finalization of necessary permits and financing. The Stibnite Gold Project is expected to produce approximately 450,000 ounces of gold annually in its first four years and meet up to 35% of the U.S. demand for antimony within its initial six years. In light of these developments, H.C. Wainwright has raised its price target for Perpetua Resources to $25.00, maintaining a Buy rating. National Bank has also highlighted the project’s potential to become a significant domestic source of antimony, maintaining an outperform rating with a C$22 price target. The project is projected to create 550 jobs and inject over one billion dollars into Idaho’s economy during its operational phase. Additionally, Perpetua Resources is collaborating with U.S. Antimony Corporation to test antimony concentrate from the Stibnite project, aiming to establish a fully domestic antimony supply chain. This partnership underscores the strategic importance of the project in reducing reliance on foreign sources for critical minerals.
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