Agreeing to institute an annual award, the group turned its attention to creating a suitably majestic trophy. The Academy tapped Los Angeles sculptor George Stanley to realize the design in three dimensions — and the world-renowned statuette was born. The film reel features five spokes, signifying the five original branches of the Academy: actors, directors, producers, technicians and writers.
Although the statuette remains true to its original design, the size of the base varied until , when the current standard was adopted. Officially named the Academy Award of Merit, the statuette is better known by its nickname, Oscar. The statuettes are solid bronze and plated in karat gold.
Although we're sure winners gave their Oscars a peck in private, Audrey Hepburn popularized the idea of kissing your Oscar when she won hers in for her role in Roman Holiday.
The award ceremony created the Academy Juvenile Award as a way to honor talented performances by child actors without having them compete with adults. Actress Shirley Temple won the award in for her role in Bright Eyes.
The special "mini-oscars" were not given out every year as there wasn't always a contender, and the Academy eventually stopped issuing the special award in This isn't counting the surplus Oscars that don't go home to winners. Those are saved for the next year. The statuettes are dense, clocking in at 8. It must be pure adrenaline that allows winners to fling them around in their joy on stage.
The Scene. Type keyword s to search. As the Oscars grow ever nearer, it's time to brush up on our AcademyAwards trivia. Advertisement - Continue Reading Below. Jennifer Graylock Getty Images. All numbers are converted to USD:. Copperfield bought it in , and kept it in his bedroom. A good track record can provide better opportunities to raise capital, but the company must still ensure it times its financing with the market, protects its shareholders, and demonstrates value creation from the funding it receives.
A history of success in mining helps to attract capital from knowledgeable investors. Having an experienced team provides confidence and opens up opportunities to raise additional capital on more favorable terms. A company with successful past projects instills confidence in investors and indicates the company knows how to make future projects successful, as well. Companies need to balance between large investors and protecting retail shareholders.
Management with skin in the game ensures they find a balance between serving the interests of both of these unique groups. Mining companies need to find a balance between keeping their current shareholders happy while also offering attractive financing options to attract further investors.
Lack of liquidity in a stock can be a major problem when it comes to attracting investment. It can limit investments from bigger players like funds and savvy investors. Investors prefer liquid stocks that are easily traded, as this allows them to capitalize on market trends. Raising capital at the wrong time can result in little interest from investors.
How a company spends its money plays a crucial role in whether the company is generating more value or just keeping the lights on. Investors should always try to determine if management is simply in it for a quick buck, or if they truly believe in their projects and the quality of the ore the company is mining.
Raised capital needs to be allocated wisely in order to support projects and generate value for shareholders. Mining is a capital intensive process, and unless the company has access to a treasure trove, funding is crucial to advancing any project. Every mining project requires numerous financings. However, if management proves they spend capital in a way that creates value, investors will likely offer more funding during difficult or unexpected times.
Mining companies that develop significant assets can create massive amounts of wealth, but often the company will not see cash flow for years. This is why it is so important to have funding strength: an ability to raise capital and build value to harvest later. It is a challenging process to build a mining company, but management that has the ability to treat their shareholders and raise money can see their dreams built. How did the GDX and its constituents perform in ?
Gold mining stocks and the GDX saw strong returns in as gold was one of the most resilient and best performing assets in a highly volatile year. This graphic compares the returns of gold, the GDX, and the best and worst performing gold mining equities in the index.
It provides a straightforward way to invest in the largest names in the gold mining industry, while cutting down on some of the individual risks that many mining companies are exposed to. This results in the five largest companies in the GDX making up An equally-weighted index of the top five GDX constituents returned Meanwhile, an equally-weighted index of the top 10 constituents significantly underperformed, only returning Newmont was the only company of the top five which outperformed gold and the overall index, returning Wheaton Precious Metals Kinross Gold was the best performer among the top constituents largely due to its strong Q3 results , where the company generated significant free cash flow while quadrupling reported net earnings.
Among the best and worst performers of the GDX, it was the smaller-sized companies in the bottom half of the ranking which either significantly over- or underperformed.
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