Press releaseParis, 12 December 2025 Orange announces the signing of a binding agreement with Lorca to acquire their 50% stake in MasOrange Orange has signed a binding agreement with Lorca to acquire full ownership of MasOrange, Spain’s leading operator in terms of customer base, through the acquisition of the remaining 50% stake in its Spanish joint venture for a price of 4.25 billion euros in cash. This announcement confirms the non-binding agreement that was previously announced on 31 October. This trans ...

Core Viewpoint - Aura Minerals Inc. has updated its growth outlook, projecting annualized gold equivalent production (GEO) to exceed 600,000 ounces, an increase from the previous estimate of 450,000 GEO, driven by recent acquisitions and project developments [2][4]. Group 1: Production Growth and Projects - The integration of high-quality assets, including MSG and the Era Dorada Project, is expected to significantly boost production capacity [2][4]. - The Borborema project is anticipated to fully ramp up, contributing to the increased production levels [2][4]. - The average production for Borborema in the first three years is based on the S-K 1300 Feasibility Study Report dated March 28, 2025 [3]. - MSG's production reference of 80,000 GEO is based on its performance in 2024 [3]. - Era Dorada's average production for the first four years is also derived from the S-K 1300 Feasibility Study dated December 08, 2025 [3]. - Matupá's average production for the first four years is based on the S-K 1300 Feasibility Study Report dated March 28, 2025 [3]. Group 2: Strategic Focus and Execution - The company's strategy since 2020 has been to grow production through greenfield projects and expansions, extend mine life through exploration, and enhance valuation via mergers and acquisitions [4]. - Aura Minerals has maintained a high dividend yield since 2021, indicating strong shareholder returns [4]. - The company achieved an average daily trading volume of US$30 million in November following its Nasdaq listing, reflecting improved market liquidity [4]. Group 3: Future Outlook and Development - Aura Minerals continues to advance its project pipeline and will provide updates as key milestones are reached [5]. - The company emphasizes that future production levels are preliminary and subject to uncertainties, including board approvals, permitting, and financing [4].

Core Viewpoint - Aura Minerals Inc. has announced the results of the Feasibility Study for the Era Dorada Project, indicating a robust economic outlook with significant gold production potential and favorable financial metrics [1][3]. Project Overview - The Era Dorada Project is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and near the El Salvador border [4]. - The project is an underground gold mine with an expected production of 111,000 gold equivalent ounces (GEO) annually for the first four years, totaling approximately 1.75 million GEO over a life of mine (LOM) of 16.8 years [3][5]. Financial Metrics - The Feasibility Study indicates an after-tax Net Present Value (NPV) of US$2.17 billion at spot prices of US$4,200 per ounce of gold, with an after-tax Internal Rate of Return (IRR) of 68% [3]. - The project has a competitive All-In Sustaining Cost (AISC) of US$1,178 per ounce during the LOM, with an initial capital expenditure (Capex) of US$382 million and a payback period of approximately 2.82 years [3][5]. Production and Cost Estimates - Average production is projected at 111,000 GEO for the first four years, with a total payable gold of 4,852,000 ounces over the LOM [8]. - The average cash cost is estimated at US$993 per ounce, with an AISC of US$1,178 per ounce [8][9]. Mineral Resource and Reserve Estimates - The project has Proven and Probable Mineral Reserves of 1.75 million GEO, with an average grade of 6.23 grams per tonne [5][30]. - Exclusive Indicated Mineral Resources are estimated at 523,000 GEO, assuming 2.46 million tonnes at 6.61 grams per tonne [5][27]. Mining and Processing Plan - The mining method will primarily utilize sublevel long hole stoping, contributing approximately 98.5% of total metal production [33]. - The processing plant is designed to treat 1,600 tons per day, employing conventional methods including gravity concentration and cyanide leaching [39][40]. Environmental and Social Considerations - The company is working closely with local authorities to ensure compliance with environmental and social standards, aligning with its Aura 360 culture [3].

4 December 2025 Orange: information on the total number of shares and voting rights referred to in Article L.233-8 II of the French Commercial Code and Article 223-16 of the General Regulations of the Autorité des Marchés Financiers. In application of Article L. 22-10-46 of the French Commercial Code (Code de commerce), as from 3 April 2016, a double voting right is automatically granted to fully paid-up shares that have been held in registered form and under a single shareholder name for at least two year ...

Core Viewpoint - Ormat Technologies reported strong Q3 2025 earnings, surpassing estimates and raising revenue guidance for 2025, indicating positive momentum despite a slight year-over-year decline in adjusted earnings per share [2][8]. Financial Performance - Adjusted earnings per share for Q3 2025 were 41 cents, exceeding the Zacks Consensus Estimate of 37 cents by 10.8%, but down 2.4% from 42 cents in the same quarter last year [2]. - Total revenues reached $249.7 million, surpassing the Zacks Consensus Estimate of $233 million by 7% and increasing 17.9% year-over-year [3]. - Operating income rose 13.3% year-over-year to $40.4 million, while total operating expenses decreased by 9.2% to $26.4 million [6]. Segment Performance - Electricity segment revenues were $167.1 million, up 1.5% year-over-year, driven by the Blue Mountain acquisition and improved performance at Dixie Valley [4]. - Product segment revenues surged 66.6% to $62.2 million, attributed to the timing of revenue recognition from manufacturing and construction progress [4]. - Energy segment revenues increased significantly by 108.1% to $20.4 million, supported by contributions from the Bottleneck facility, Montague, and Lower Rio [5]. Financial Condition - As of September 30, 2025, Ormat had cash and cash equivalents of $79.6 million, down from $94.4 million as of December 31, 2024 [7]. 2025 Guidance - The company updated its revenue guidance for 2025 to a range of $960-$980 million, compared to the previous range of $935-$975 million, with the Zacks Consensus Estimate at $956.4 million [8]. - Expected revenues for the Electricity segment are now projected between $700-$705 million, Product segment revenues between $190-$200 million, and Energy Storage segment revenues between $70 million and $75 million [9]. Market Reaction - Since the earnings release, there has been a flat trend in estimates revision, with the consensus estimate shifting down by 5.48% [10]. - Ormat Technologies holds a Zacks Rank 3 (Hold), indicating an expectation of an in-line return from the stock in the coming months [12].

ROAD TOWN, British Virgin Islands, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (NASDAQ: AUGO and B3: AURA33) (“Aura” or the “Company”) is pleased to announce that Aura, through a wholly owned subsidiary, has completed the previously announced acquisition from AngloGold Ashanti plc (“AngloGold”) of all of the issued and outstanding securities of Mineração Serra Grande S.A. (“MSG”), owner of the Mineração Serra Grande gold mine located in Crixás, in the state of Goiás, Brazil (the “Transaction”). Rod ...

Core Insights - Ormat Technologies, Inc. (NYSE:ORA) is recognized as one of the top sustainability stocks, with Oppenheimer reaffirming its Outperform rating and raising the price target to $125 from $120 following strong Q3 2025 earnings results [1][2] Financial Performance - Ormat reported an EPS of $0.41, exceeding the projected $0.38, resulting in a 6.25% earnings surprise. Revenue reached $249.7 million, surpassing expectations of $234.3 million [2] Growth Outlook - Oppenheimer anticipates that Ormat will navigate short-term challenges in its electricity division, which are primarily due to grid limitations, costing the company around $20 million in fiscal year 2025. For fiscal year 2026, mid-single-digit growth in generation is expected, with further growth anticipated in 2027-2028 as developments progress [3] Strategic Advantages - Ormat's enhanced geothermal system offers expansion flexibility, and recent power purchase agreements with large data center clients are seen as favorable near-term growth drivers for the company [4]

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.50% to 3,389.21 points, the Tel Aviv 125 Index rose 0.31% to 3,439.57 points; but the BlueTech Global Index fell 0.29% to 594.04 points. The All Bond corporate bond index rose 0.03% to 418.23 points. Turnover totalled NIS 3.66 billion in equities and NIS 5.81 billion in bonds. On the foreign exchange market, the representative shekel-dollar rate was set 0.402% lower from Monday, at NIS 3.217/$, and the representative shekel-euro rate was ...

Core Insights - The latest investment trends show that top mutual funds are increasingly investing in AI-related stocks, with Nvidia and Palantir joining the ranks of major companies like Alphabet and Apple [8][10]. Investment Highlights - Banco Santander led the list with a significant investment of $16.12 billion, followed by Ormat Technologies at $14.31 billion, AAR Corp at $8.89 billion, and Nextracker at $1.96 billion [2][4][6]. - Ormat Technologies has seen its stock price rise significantly, nearing an all-time high due to strong demand from mutual funds [4]. - AAR Corp is also performing well, with a capital inflow of $8.89 billion, and is currently testing its 50-day moving average [5]. - Nextracker, after a slump post-IPO, has rebounded with a $1.96 billion investment, reaching a record high before recent market pressures [5]. Additional Notable Investments - Other companies that attracted substantial investments include Celestica with $734 million, Seagate Technology with $669 million, GSK with $288 million, and TE Connectivity with $202 million [7]. - Despite lower investment amounts compared to previous months, Nvidia, Palantir, Alphabet, and Apple still made the list of new buys, indicating continued interest in these tech giants [8][10]. - IBM has also emerged as a strong investment choice, with its stock performing well following a positive earnings report [11].

Core Insights - Orange has successfully completed a bond issuance totaling 5 billion euros, indicating strong market confidence in its strategic plan and the potential re-consolidation of MasOrange [2][3] Group 1: Bond Issuance Details - The bond issuance consists of 5 tranches with a total order book exceeding 20 billion euros, showcasing Orange's strong market profile [2] - The proceeds from the bond issuance will be used for general corporate purposes, including refinancing existing debt and potentially acquiring a 50% stake in MasOrange [3] - The characteristics of the bonds issued include: - €750 million maturing in November 2028 with a coupon of 2.5% - €1 billion maturing in November 2031 with a coupon of 3.125% - €1.375 billion maturing in November 2034 with a coupon of 3.5% - €1.375 billion maturing in May 2038 with a coupon of 3.75% - €500 million maturing in November 2045 with a coupon of 4.125% [4][8] Group 2: Company Overview - Orange is a leading telecommunications operator with revenues of 40.3 billion euros in 2024 and a workforce of 124,100 employees globally as of September 30, 2025 [6] - The company serves approximately 310 million customers worldwide, including 270 million mobile customers and 23 million fixed broadband customers [6] - Orange operates in 26 countries and is also a significant provider of IT and telecommunications services to multinational companies under the brand Orange Business [7]