Core Insights - Starcore International Mines Ltd. has successfully conducted an in-plant test of the CIL circuit to treat carbonaceous ore at its San Martin mine, achieving over 80% recovery of gold and 63% recovery of silver from approximately 2000 tonnes of ore with a gold grade of 2.2 g/t and silver grade of 20.7 g/t [1][2] - The company plans to process 100 tonnes per day of carbonaceous ore, increasing to 180 tonnes per day, with further modifications allowing for full capacity processing of 800 tonnes per day by the end of 2025 [2][3] - The carbonaceous mineral resource at San Martin is reported to be 880 thousand tonnes, yielding a total of 77,461 ounces of gold equivalent, indicating significant potential for resource expansion [4][5] Company Developments - The engineering firm Kappes, Cassiday & Associates (KCA) is modifying the San Martin plant for continuous processing of carbonaceous ore, which is expected to significantly boost cash flow due to its higher gold content compared to oxide ore [2][3] - The geological department at San Martin is actively evaluating the carbonaceous ores, anticipating a substantial increase in both the tonnage and gold grade of the available resource [3][4] - Starcore International Mines is recognized for its commitment to Corporate Social Responsibility and aims to enhance long-term shareholder value through its operations and projects [6]

Core Insights - Starcore International Mines Ltd. has reported a return to full production with earnings from mining operations of $2.1 million and positive cash flow for the third quarter ended January 31, 2025 [2] - The company anticipates further increases in monthly metal production following the finalization of carbonaceous ore tests [2] Financial Highlights - Revenues for the three months ended January 31, 2025, were $9,014 thousand, compared to $6,784 thousand for the same period in 2024, representing a 33.8% increase [2] - Cost of sales increased to $6,889 thousand from $5,989 thousand year-over-year [2] - Net income for the quarter was $294 thousand, a recovery from a loss of $154 thousand in the same quarter of the previous year [2] - EBITDA for the nine months ended January 31, 2025, was $1,668 thousand, compared to a loss of $620 thousand in the same period of 2024, resulting in an EBITDA margin of 7.3% [3][5] Production Highlights - Gold production for the three months ended January 31, 2025, was 2.2 thousand ounces, while silver production was 8.2 thousand ounces [6] - The gold equivalent ounces produced were 2.3 thousand, with a silver to gold equivalency ratio of 87.3 [6] - The mine's gold recovery rate was 82.4%, and silver recovery was 49.1% for the same period [6] Cash Position - As of January 31, 2025, the company had cash and short-term investments totaling $2.3 million [4] - Gold and silver sales amounted to $9.0 million for the quarter [4] Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and has expanded its operations internationally [7] - The company emphasizes corporate social responsibility and aims to enhance long-term shareholder value [7]

BOSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Samuel Adams proudly opens applications for its annual Brewing & Business Experienceship, the signature initiative of the brand's philanthropic program, Brewing the American Dream®. In the search for its 14th Experienceship winner, the craft beer pioneer is offering brewers across the country a chance at unparalleled mentorship and resources to help grow their business. The Brewing & Business Experienceship awards one lucky craft brewer the opportunity to work with ...

Philanthropic Program of Brewing Pioneer Kicks Off Annual Initiative to Nurture and Empower the Future of Craft Beer Samuel Adams Brewing the American Dream® Opens Applications In Search of 14th Brewing & Business Experienceship Winner Brewing & Business Experienceship 2024 Winner (Beny Ashburn, Crowns & Hops Co-Founder and a coworker) with Jim Koch BOSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Samuel Adams proudly opens applications for its annual Brewing & Business Experienceship, the signature initiative ...

The Boston Beer Company, Inc. (NYSE: SAM ), the alcoholic beverage company with brands such as Samuel Adams Lager, Twisted Tea, Truly, and others, has continued to show stagnant sales, split between weak Truly sales but strong Twisted Tea momentum. The companyI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securitie ...

Core Insights - Boston Beer Company reported a wider-than-expected adjusted loss per share of $1.68 for Q4 2024, compared to a loss of $1.49 in the same quarter last year, while revenues of $402.3 million exceeded estimates and increased by 2.2% year-over-year [1][2] Financial Performance - Net revenues of $402.3 million increased by 2.2% from the prior-year quarter and surpassed the Zacks Consensus Estimate of $390 million, driven by higher prices and lower returns, although partially offset by soft volumes and elevated excise taxes [2] - The gross profit rose by 8.7% year-over-year to $160.7 million, with gross margin expanding by 230 basis points to 39.9% from 37.6% in the year-ago quarter, benefiting from higher revenues and procurement savings [6] - Advertising, promotional, and selling expenses increased by 8.5% to $139.5 million due to higher brand and selling expenses, while general and administrative expenses rose by 9.1% to $47.7 million [7] Shipment and Inventory - Shipment volume declined by 0.5% year-over-year to nearly 1.5 million barrels in Q4, with flat depletions year-over-year, primarily due to weak performance from Truly Hard Seltzer, offset by growth in other brands [4] - As of December 28, 2024, distributor inventory averaged nearly four weeks on hand, down from five and a half weeks in the previous quarter [5] Future Guidance - For 2025, the company anticipates depletions and shipments to be in the range of low single-digit declines to low single-digit increases, with a price hike of 1-2% expected to offset commodity and inflationary impacts [12] - The company projects a gross margin of 45-47% for 2025, accounting for negative impacts from shortfall fees and non-cash expenses [13] - Capital spending is expected to be between $90-$110 million, primarily for brewery enhancements, with GAAP earnings per share projected to be in the range of $8-$10.50 for 2025 [14]

Shares of Boston Beer (SAM 4.32%) were breaking out today after the craft brewer and malt beverage maker beat top-line expectations in its fourth-quarter earnings report.While the company is still facing a number of challenges, there are signs in the report that the Sam Adams parent is finally starting to turn the corner. As of 10:39 a.m. ET, the stock was up 4.7% on the news. Sam Adams breaks out the bubblyBoston Beer is still facing general headwinds, but the quarterly trends showed improvement from earli ...

Boston Beer reported mixed earnings for Q4 2024, exceeding revenue expectations but missing profit forecasts.Craft beverage specialist Boston Beer (SAM 0.20%) reported mixed fourth-quarter and full-year 2024 results on Tuesday, Feb. 25. Net revenue of $402.3 million beat expectations of $389 million, primarily due to price hikes and a favorable sales tax change from last year. However, profits fell short with an adjusted EPS loss of $1.68 underperforming the expected loss of $1.31, largely due to a $26 mill ...

The Boston Beer Company (SAM) Q4 2024 Earnings Call February 26, 2025 08:20 AM ET Company Participants Michael Andrews - Associate General Counsel & Corporate SecretaryJames Koch - Founder & ChairmanMichael Spillane - President & CEODiego Reynoso - CFO & TreasurerKaumil Gajrawala - Managing DirectorRobert Ottenstein - Senior Managing Director & PartnerEric Serotta - Executive DirectorBonnie Herzog - Managing Director Filippo Falorni - Director - Equity ResearchBill Kirk - Managing DirectorGerald Pascarelli ...

Financial Data and Key Metrics Changes - The company achieved a non-GAAP EPS growth of 31% year-over-year, reaching $9.43, supported by a 200 basis points gross margin expansion to 44.4% [7][39] - Free cash flow for 2024 was $173 million, equating to $14.70 per share, allowing for $239 million in share repurchases [8][39] - Fourth quarter gross margin was 39.9%, an increase of 230 basis points year-over-year, marking the highest fourth quarter gross margin since 2020 [41] Business Line Data and Key Metrics Changes - Depletions in the fourth quarter were flat, with shipments decreasing by 0.5%, primarily due to declines in Truly Hard Seltzer, offset by growth in Twisted Tea, Sun Cruiser, and Hard Mountain Dew [40] - Twisted Tea maintained an 84% market share in the hard tea category, contributing over 50% of the dollar growth in that category in 2024 [20] - The Truly portfolio has been repositioned to focus on light flavors, with the higher ABV Truly Unruly performing above expectations [24] Market Data and Key Metrics Changes - The hard seltzer category faced headwinds, with category dollars down 4% in the fourth quarter [23] - The company noted that the beer category remains relevant, with significant growth opportunities in the "beyond beer" segment as consumer preferences evolve [8][9] Company Strategy and Development Direction - The company plans to increase advertising investments across its portfolio to improve market share and support the national launch of Sun Cruiser [10][12] - Strategic priorities for 2025 include nurturing core brands, developing margin-accretive innovations, and modernizing the supply chain while driving efficiency [17] - The company is focusing on a disciplined approach to innovation, particularly with the launch of vodka-based hard tea Sun Cruiser and the expansion of Samuel Adams [18][27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of inflation on consumer behavior and increased competition in the "beyond beer" category [8][9] - The company expressed confidence in its strategy and team, emphasizing the importance of operational execution for long-term sustainable growth [12][36] - The 2025 financial guidance anticipates a range of outcomes due to the dynamic consumer demand environment [12][53] Other Important Information - The company reported a non-GAAP loss per diluted share of $1.68, primarily due to increased advertising and promotional expenses [45] - Capital expenditures for 2025 are expected to be between $90 million and $110 million, focusing on brewery capabilities and efficiencies [57] Q&A Session Summary Question: Can you elaborate on the new compensation plan? - The new compensation plan aligns incentives with business objectives, encouraging equal effort across all brands rather than focusing solely on volume [60][62] Question: How is beer demand starting the year? - The company is starting from a flat depletion point, with some brands like Twisted Tea facing challenges, but overall, they are satisfied with the beginning of the year [74][75] Question: What is the growth outlook for Twisted Tea? - The company is planning for single-digit growth for Twisted Tea, focusing on increasing advertising and introducing new products to attract new drinkers [108][110] Question: How is the company addressing health and wellness concerns? - The company is actively advocating for the alcohol industry and monitoring health trends, acknowledging potential shifts in consumer behavior [106][128] Question: What is the impact of cannabis beverages on the alcohol market? - While cannabis beverages are a potential threat, the company has not yet seen a significant impact on its portfolio and is prepared to enter the market if opportunities arise [87][92]