Core Points - The article discusses the total number of shares and voting rights of Orange, in compliance with French commercial regulations [1] - A double voting right is granted to fully paid-up shares held in registered form for at least two years, effective from April 3, 2016 [1] Summary by Category Share Information - As of January 31, 2025, Orange has a total of 2,660,056,599 shares, with 3,835,000 treasury shares without voting rights, resulting in 3,172,669,760 theoretical voting rights and 3,169,834,760 exercisable voting rights [2] - By June 30, 2025, the total number of shares remains the same at 2,660,056,599, with treasury shares decreasing to 1,456,848, leading to 3,180,452,886 theoretical voting rights and 3,178,996,038 exercisable voting rights [2] Voting Rights - The number of theoretical voting rights fluctuates slightly over the months, starting from 3,172,669,760 in January 2025 and reaching 3,180,452,886 by June 2025 [2] - The number of exercisable voting rights also shows a similar trend, starting at 3,169,834,760 in January and increasing to 3,178,996,038 by June [2]

Core Viewpoint - Aura Minerals Inc. reported preliminary production results for Q2 2025, achieving a total of 64,033 gold equivalent ounces (GEO), which is a 7% increase compared to Q1 2025 and consistent with Q2 2024 production levels [1][2]. Production Results - Total GEO produced in Q2 2025 was 64,033, which is a slight decrease of 0% compared to Q2 2024 and an increase of 7% compared to Q1 2025 [3]. - Breakdown of production by mine: - Aranzazu: 22,281 GEO, down 10% from Q2 2024 but up 9% from Q1 2025 [3][6]. - Minosa: 18,039 GEO, down 6% from Q2 2024 and up 2% from Q1 2025 [3][6]. - Almas: 12,917 GEO, up 22% from Q2 2024 and consistent with Q1 2025 [3][6]. - Apoena: 8,219 GEO, down 17% from Q2 2024 and down 7% from Q1 2025 [3][6]. - Borborema: 2,577 GEO, marking the project's first gold pour [3][6]. Factors Influencing Production - Aranzazu's production increase was attributed to higher grades and better recoveries, despite rising gold prices affecting GEO conversion [6]. - Minosa's production increase was due to higher grades processed from mine sequencing [6]. - Almas benefited from improved ore throughput and mine performance, reflecting plant expansion and contractor transition [6]. - Apoena's production decrease was expected due to the investment phase and lower ore grades, with pre-stripping activities ongoing to access higher grades by the end of 2026 [6]. Company Overview - Aura Minerals focuses on the development and operation of gold and base metal projects in the Americas, with five operating assets including mines in Honduras and Brazil, and a copper, gold, and silver mine in Mexico [8].

Core Viewpoint - Clearway Energy (CWEN) is currently positioned as a more attractive investment option compared to Ormat Technologies (ORA) for value investors based on various financial metrics and earnings outlook improvements [1][3][7]. Valuation Metrics - CWEN has a forward P/E ratio of 29.18, while ORA has a forward P/E of 41.29, indicating that CWEN is relatively undervalued [5]. - The PEG ratio for CWEN is 0.76, suggesting a favorable valuation in relation to its expected earnings growth, whereas ORA has a PEG ratio of 4.13, indicating a higher valuation relative to growth expectations [5]. - CWEN's P/B ratio is 1.2, compared to ORA's P/B of 2.02, further supporting the notion that CWEN is undervalued [6]. Earnings Outlook - CWEN has experienced stronger estimate revision activity, which is a positive indicator for its earnings outlook compared to ORA [3][7]. - The Zacks Rank for CWEN is 2 (Buy), while ORA holds a Zacks Rank of 3 (Hold), reflecting a more favorable earnings estimate revision for CWEN [3]. Value Grades - Based on the analysis of various valuation metrics, CWEN holds a Value grade of B, while ORA has a Value grade of C, reinforcing the conclusion that CWEN is the superior option for value investors at this time [6].

Core Points - Orange S.A. has announced the results of a tender offer to repurchase part of two series of outstanding hybrid notes, specifically the NC 2026 and NC 2027 Existing Notes [1][2] - The settlement of the tender offer is expected to occur on June 24, 2025 [2] Summary of Tender Offer Results - For the NC 2026 Existing Notes: - The total principal amount validly tendered is €743,530,000 - The Series Acceptance Amount is €600,002,000 - The Tender Price is 103.147% [6] - For the NC 2027 Existing Notes: - The total principal amount validly tendered is €274,800,000 - The Series Acceptance Amount is €150,000,000 - The Tender Price is 98.336% [6] Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a workforce of 125,800 employees worldwide as of March 31, 2025 [8] - The company serves a total customer base of 294 million, including 256 million mobile customers and 22 million fixed broadband customers [8] - Orange operates in 26 countries and is also a significant provider of global IT and telecommunication services to multinational companies under the brand Orange Business [9]

Core Viewpoint - Ormat Technologies, Inc. has successfully acquired the Blue Mountain geothermal power plant for $88 million, enhancing its renewable energy portfolio and generating capacity [1][2][3] Group 1: Acquisition Details - The acquisition involved 100% equity interest in the 20MW Blue Mountain geothermal power plant located in Nevada [1][2] - The plant currently operates under a Power Purchase Agreement (PPA) with NV Energy, which is set to expire at the end of 2029 [2] - Ormat plans to upgrade the plant's capacity by approximately 3.5MW and is considering adding a 13MW solar facility, pending necessary approvals [2][3] Group 2: Strategic Implications - The acquisition is part of Ormat's strategy to enhance its generation capacity and revenue potential through upgrades and new projects [3][6] - The overall transaction was financed through bank debt, indicating a strategic financial approach to support growth [2] Group 3: Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over 60 years of experience, focusing on geothermal and recovered energy generation [4] - The company has a total generating portfolio of 1,558MW, including 1,268MW from geothermal and solar sources globally [4][6] - Ormat is also expanding into energy storage services and solar photovoltaic (PV) solutions, aiming to establish a strong position in the U.S. energy storage market [4]

Group 1 - Aura Minerals Inc. held its Annual General Meeting of Shareholders on June 16, 2025, via live webcast [1] - The voting results for the election of directors showed high approval rates, with Paulo de Brito receiving 99.943% of votes in favor [3] - KPMG LLP was appointed as the auditors of the Company with 99.978% of votes in favor for their remuneration to be fixed by the board [4] Group 2 - Aura Minerals is focused on the development and operation of gold and base metal projects in the Americas [6] - The Company operates five assets: Minosa gold mine in Honduras, Almas, Apoena, and Borborema gold mines in Brazil, and Aranzazu copper, gold, and silver mine in Mexico [6] - Additional projects include Era Dorada in Guatemala, Tolda Fria in Colombia, and three projects in Brazil: Matupá (under development), São Francisco (in care and maintenance), and Carajás copper project (in exploration phase) [6]

Core Viewpoint - Orange S.A. has successfully issued €750 million in undated deeply subordinated fixed to reset rate notes with a fixed coupon of 3.875% until the first reset date, aimed at managing its hybrid portfolio and providing liquidity to existing noteholders [1][2][3] Group 1: Issuance Details - The new notes are intended for trading on Euronext Paris and are expected to receive ratings of BBB-/Baa3/BBB- from major rating agencies [2] - The first call date for the new notes is set for March 24, 2032 [1] - The issuance is part of a tender offer to repurchase existing notes, with a maximum acceptance amount not exceeding €750 million [2][3] Group 2: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a global workforce of 125,800 employees as of March 31, 2025 [10] - The company serves a total customer base of 294 million, including 256 million mobile customers and 22 million fixed broadband customers [10] - Orange operates in 26 countries and is also a significant provider of IT and telecommunications services to multinational companies under the brand Orange Business [11]

Core Viewpoint - Orange S.A. plans to issue a new series of Euro-denominated hybrid notes and launch a tender offer for some of its outstanding hybrid notes to proactively manage its hybrid portfolio [1][3]. Group 1: New Notes Issuance - The new Euro-denominated undated deeply subordinated fixed to reset rate notes will have a first call date of June 24, 2032 [1]. - Pricing for the new notes is expected to be announced later today, with anticipated ratings of BBB-/Baa3/BBB- from S&P, Moody's, and Fitch, respectively, and an equity content of 50% [2]. - The new notes will be admitted to trading on Euronext Paris [2]. Group 2: Tender Offer - The tender offer aims to repurchase existing hybrid notes, with a maximum acceptance amount expected to match the amount of the new notes [2][3]. - The tender offer will expire at 4:00 PM Paris time on June 19, 2025, with results announced on June 20, 2025 [4]. - Qualifying holders can sell their existing notes ahead of their respective upcoming first reset date and apply for priority in the allocation of the new notes [3]. Group 3: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a workforce of 125,800 employees worldwide as of March 31, 2025 [12]. - The company serves a total customer base of 294 million globally, including 256 million mobile customers and 22 million fixed broadband customers [12]. - Orange operates in 26 countries and is also a prominent provider of global IT and telecommunication services to multinational companies under the brand Orange Business [13].

Core Viewpoint - Aura Minerals Inc. has filed a preliminary economic assessment (PEA) for its wholly owned Era Dorada Project, indicating strong economic potential for the underground mining operation with significant projected returns [1][4]. Group 1: Project Overview - The Era Dorada Project, previously known as the Cerro Blanco Project, is located in Jutiapa, Guatemala, approximately 160 km from Guatemala City and near the El Salvador border [2][5]. - The project covers an area of 15.25 km and is situated entirely within the municipality of Asunción Mita, which has a population of about 18,500 [5][7]. - The project is accessible year-round via the Pan-American Highway and features a tropical dry forest climate with elevations between 450–560 meters above sea level [6]. Group 2: Economic Assessment Highlights - The PEA estimates a capital expenditure (Capex) of approximately US$264 million, with an after-tax net present value (NPV) of US$485 million and an unleveraged after-tax internal rate of return (IRR) of 24% based on a gold price of US$2,410 per ounce [4][6]. - The project anticipates total production of approximately 1.4 million ounces of gold over a 17-year life of mine, with an average production of 91,000 ounces in the first four years [6][8]. Group 3: Mineral Resource Estimates - The indicated mineral resources for the Era Dorada Project are estimated at 1.9 million ounces of gold, based on 6.35 million tonnes at a grade of 9.31 grams per tonne [6][19]. - The resource estimate includes a measured and indicated category of 6,349 kt at an average grade of 9.31 g/t for gold and 31.54 g/t for silver, containing 1,901 koz of gold and 6,439 koz of silver [19][21]. Group 4: Historical Context and Development - The Era Dorada Project was initially identified by Mar-West in 1998 and has undergone extensive exploration and development since its acquisition by Goldcorp in 2006 [9][12]. - Bluestone Resources acquired the project in 2017 and has since drilled approximately 267 holes for a total of 45,725 meters [10][12].

Core Viewpoint - Aura Minerals Inc. has filed a registration statement with the SEC for a proposed public offering of its securities in the United States, aiming to enhance shareholder value and stock liquidity [1][2][3] Group 1: Offering Details - The public offering will include the registration and listing of common shares in the U.S., with the exact number of shares and price range yet to be determined [2] - The offering is expected to commence after the SEC's review process is completed, subject to market conditions [2] - The offering will not provide pre-emptive rights for existing shareholders or holders of Brazilian Depositary Receipts [2] Group 2: Listing and Strategy - Aura has applied to list its common shares on the Nasdaq Global Select Market under the symbol "AUGO" [3] - The U.S. listing is part of the company's strategy to unlock value for shareholders and consolidate liquidity in the U.S. equity market [3] Group 3: Underwriters - BofA Securities and Goldman Sachs & Co. LLC are acting as Global Coordinators for the offering [4] - BTG Pactual and Itaú BBA are serving as Joint Bookrunners, while Bradesco BBI, National Bank of Canada Financial Markets, RBC Capital Markets, and Scotiabank are Co-Managers [4] Group 4: Regulatory Compliance - The registration statement has been filed but is not yet effective, meaning securities cannot be sold or offers accepted until it becomes effective [6] - The offering will not be conducted in a manner that constitutes a public offering in Brazil, and it has not been registered with the Brazilian Securities Commission [7]