Gold prices steady amid Fed rate cut hopes; Trump-Putin talks awaited
In a recent transaction involving Perpetua Resources Corp. (NASDAQ:PPTA), a mining company with a market capitalization of $622 million, Alan Douglas Haslam, Vice President of Permitting at the company’s Idaho subsidiary, sold a significant number of shares. According to the SEC Form 4 filing, Haslam sold a total of 23,008 common shares on March 5, 2025. The shares were sold at a weighted average price of $8.82, generating a total of approximately $202,930. The transaction comes as the stock has shown remarkable strength, posting a 133% return over the past year, despite recent volatility.
The sales were made to cover tax withholding obligations related to the settlement of restricted share units (RSUs) and performance share units (PSUs) that vested on the same date. These units were settled in common shares of Perpetua Resources.
Following these transactions, Haslam now holds 118,017 shares directly. The company, formerly known as Midas Gold Corp ., is headquartered in Boise, Idaho, and operates in the gold and silver ores industry.
In other recent news, Perpetua Resources has received significant attention following the U.S. Forest Service’s approval of its Stibnite Gold Project. This approval marks a pivotal development for the company, which plans to produce approximately 450,000 ounces of gold annually in the project’s first four years. Additionally, the project is expected to supply about 35% of the U.S. demand for antimony, a critical mineral. H.C. Wainwright has responded to these developments by raising its price target for Perpetua Resources to $25.00, maintaining a Buy rating. Similarly, National Bank maintains an outperform rating, highlighting the project’s potential to meet domestic antimony demand. The Stibnite Gold Project is projected to create 550 jobs and inject over one billion dollars into Idaho’s economy. Perpetua Resources is also collaborating with U.S. Antimony Corporation to establish a domestic antimony supply chain. This partnership underscores the strategic importance of the Stibnite Gold Project in strengthening U.S. supply chains for critical minerals.
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