Southern Company(SO)
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 Southern Cross Gold Consolidated Ltd. (SXGC) Closes the Market
 Newsfile· 2025-03-04 22:13
 Company Overview - Southern Cross Gold Consolidated Ltd. has recently been listed on the TSX Venture Exchange, marking a significant milestone for the company [1] - The company is focused on developing the Sunday Creek gold-antimony project located in Victoria, Australia [2]   Project Highlights - The Sunday Creek project has shown exceptional drilling results, with 56 intersections exceeding 100 AuEq g/t x m from a total of 71.4 km of drilling [2] - Notable intercepts include 455.3 m at 7.2 g/t Au, which includes a remarkable 1.0 m at 2,318 g/t Au [2] - The project is situated in a Tier 1 mining jurisdiction and features antimony as a critical mineral [2]   Operational Capacity - The company currently operates six diamond drill rigs on site and has plans to expand its drilling capacity [2] - The metallurgical testing indicates that the non-refractory ore is suitable for gravity-flotation processing [2]   Financial Position - Southern Cross Gold Consolidated Ltd. has A$18 million in cash and owns 1,055 hectares of freehold land [2] - The company has established strong relationships with local stakeholders, enhancing its operational prospects [2]   Growth Potential - The Sunday Creek project represents one of the few independently owned large-scale gold discoveries globally, indicating significant growth potential for the company [2]
 Southern's Unit to Build State's First Large-Scale Energy Storage
 ZACKS· 2025-03-04 12:41
Southern Company’s (SO) Alabama Power unit is set to revolutionize the state's energy landscape with the development of first-ever utility-scale Battery Energy Storage System (“BESS”). Located on the historic Plant Gorgas site in Walker County, this pioneering facility will significantly boost Alabama's grid reliability and provide an innovative solution for integrating clean energy into the state's power infrastructure.Transforming the Energy Grid With the Gorgas Battery FacilityThe Gorgas Battery Facility ...
 Alabama Power to build state's first utility-scale battery storage system on retired power plant site
 Prnewswire· 2025-03-03 17:06
150 MW facility to provide reserve power for AlabamiansBIRMINGHAM, Ala., March 3, 2025 /PRNewswire/ -- Alabama Power will develop the state's first utility-scale battery energy storage system (BESS) on the former Plant Gorgas site in Walker County, which reliably powered Alabama for more than a century. The new Gorgas Battery Facility will store up to 150 MW of electricity generated by other Alabama Power resources. 150 MW is equivalent to the capacity needed to power about 9,000 homes.    Digital rendering ...
 Lavras Gold Corp. Intersects 1.8 g/t Gold over 123 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update
 Newsfile· 2025-03-03 13:50
 Core Insights - Lavras Gold Corp. has reported positive drilling results from the Butiá Gold Deposit, indicating significant gold mineralization across all 18 new drill holes tested, with a notable intersection of 1.8 g/t gold over 123 meters [1][3][5] - The company aims to define an economically feasible gold resource on the LDS Project, focusing on the Butiá Gold Deposit and the adjacent Fazenda do Posto gold target [2][5]   Drilling Results - Drill hole 24BT034 intersected 123.0 meters grading 1.8 g/t gold, including 21.0 meters grading 4.1 g/t gold and higher-grade intervals of 8.5 g/t gold over 1 meter [3][11][17] - Drill hole 24BT036 confirmed continuous gold mineralization with long intervals in episyenite and mineralized perthitic granite, indicating good continuity of higher-grade gold [14][15][22] - The drilling program has successfully demonstrated the depth potential of mineralization at Butiá, with over 30,000 meters of drilling completed to date [7][20]   Geological Insights - The drilling results have enhanced the understanding of the geological controls on mineralization, with a focus on northeast/southwest trending structures that influence the deposit's mineability [4][5][9] - The ongoing drilling program is designed to convert a significant portion of inferred geological resources into measured and indicated categories, thereby increasing the overall gold endowment [7][11]   Future Plans - The company has engaged SGS Laboratory to conduct a comprehensive metallurgical test program for Butiá mineralization, which is currently underway [2][5] - An update on drilling results for the Fazenda do Posto target is anticipated as final assay results are received and geological interpretation is completed [6][7]
 Apex Investigation Reveals 24.98 g/t Au over 10.20 m in Historic Drill Hole E1411 on Its Holdings in Southern British Columbia, Canada
 Newsfile· 2025-02-28 11:00
 Core Insights - Apex Resources Inc. has identified new drill targets on its Jersey-Emerald Property in southern British Columbia, focusing on previously overlooked gold mineralization [1][2][3] - Historical drill hole E1411 reported a significant intercept of 24.98 g/t Au over 10.20 m, prompting further exploration in the area [2][3] - The company is also exploring additional mineralization opportunities, including a bismuth gold zone and a new gold-silver target at the Meadow View occurrence [2][3]   Exploration Highlights - Previous exploration efforts primarily targeted lead, zinc, and tungsten, neglecting the potential for economic gold mineralization [2] - The Bismuth Gold Zone, located approximately 850 m south-southeast of drill hole E1411, has been traced for 200 m with grades including 8 g/t over 0.96 m [2] - Historical samples from the Meadow View occurrence reported 1.4 g/t Au, 2360 g/t Ag, and 0.74% Cu, indicating a new style of mineralization [2]   Tungsten Resource Potential - The East Emerald Tungsten Zone requires follow-up exploration, with historical drilling showing intersections of 0.47% WO3 and 0.26 g/t Au over 5.15 m, and 0.84% WO3 and 1.23 g/t Au over 5.25 m [3][4] - The Invincible Tungsten Zone and the southern extension of the historically mined Emerald Tungsten Zone are also identified as quality tungsten targets needing further investigation [4]   Corporate Developments - Apex has closed a non-brokered financing round, issuing 780,000 units at $0.05 per unit, raising gross proceeds of $39,000 [7][10] - Each unit consists of one common share and one warrant, allowing the purchase of additional shares at $0.10 for two years [8] - A portion of the financing involved insider participation, which is classified as a related party transaction [9]   Future Plans - The company is forming a geological team to analyze archived data and identify high-priority targets for diamond drilling in the upcoming months [6] - Apex's portfolio includes various precious and critical mineral projects, with a focus on leveraging rising commodity prices and demand [3][6]
 Mississippi Power Chairman, President and CEO Anthony Wilson announces retirement
 Prnewswire· 2025-02-27 18:45
GULFPORT, Miss., Feb. 27, 2025 /PRNewswire/ -- Mississippi Power Chairman, President and CEO Anthony Wilson announced today that he will be retiring this summer after a career with Mississippi Power and Southern Company that spanned more than four decades.     Mississippi Power Chairman, President and CEO Anthony Wilson announced on Feb. 27 that he will be retiring this summer after a career with Mississippi Power and Southern Company that spanned more than four decades.  "I have been very blessed to work i ...
 Alabama Power's Renew Our Rivers enters 26th year, planning for 5,000 volunteers
 Prnewswire· 2025-02-26 16:08
 Core Points - Alabama Power's Renew Our Rivers (ROR) program is set to begin its 26th season on March 1, 2025, with 28 cleanup events planned through October 31, aiming to add to the 13.4 million pounds of debris already removed from Alabama waterways [1][2][3]   Group 1: Program Overview - The ROR program has successfully engaged nearly 3,400 volunteers last year, who collectively removed about 107 tons of trash, contributing to a total of over 104,000 volunteers since its inception [2] - The program has seen a steady rise in volunteer participation post-pandemic, with increased enthusiasm noted among lake associations and community groups [3][4]   Group 2: Volunteer Engagement - Approximately 5,000 ROR T-shirts are expected to be distributed to volunteers this year, indicating strong community involvement [2] - Volunteers are encouraged to stay informed about cleanup schedules through local lake associations, as dates may change due to weather conditions [4]   Group 3: Cleanup Schedule - The 2025 cleanup schedule includes various locations such as Valley Creek, Lake Eufaula, and Smith Lake, with specific dates outlined for each event [5][6]    Group 4: Company Background - Alabama Power, a subsidiary of Southern Company, provides reliable electricity to 1.5 million customers across Alabama [6]
 Southern Silver Returns 8.9 metres of 222g/t AgEq in South Skarn Drilling, Cerro Las Minitas Project Mexico
 Newsfile· 2025-02-26 14:30
 Core Insights - Southern Silver Exploration Corp. has reported successful drilling results from its Cerro Las Minitas project, indicating significant extensions of silver-polymetallic mineralization at the South Skarn deposit [1][6] - The drilling program included six core holes totaling 2395 meters, which successfully intersected thick intervals of mineralized skarn and identified strong gold-enrichment in several intercepts [2][4]   Drilling Results - Notable highlights from drill hole 24CLM-198 include:   - A 0.5-meter interval averaging 154g/t Ag, 0.2g/t Au, 5.6% Cu, and 0.1% Zn, resulting in 834g/t AgEq within an 8.9-meter interval averaging 222g/t AgEq [4]   - A 4.0-meter interval averaging 81g/t Ag, 0.2g/t Au, 0.1% Cu, 0.4% Pb, and 3.9% Zn, yielding 267g/t AgEq [4]   - A 0.9-meter interval averaging 124g/t Ag, 5.2g/t Au, and 4.0% Pb, equating to 682g/t AgEq [4]   - A 5.1-meter interval averaging 7g/t Ag and 1.8g/t Au, corresponding to 167g/t AgEq [4]   Project Development - The Cerro Las Minitas project is designed as a large-scale underground mining operation with strong project economics and high gross revenues, situated in a mining-friendly jurisdiction in southeast Durango, Mexico [7] - The company is advancing various upside opportunities identified after the July 2024 Preliminary Economic Assessment (PEA) and is conducting baseline data collection, hydrology, geotechnical, archaeological, and land surveys [6][10]   Company Overview - Southern Silver Exploration Corp. focuses on discovering world-class mineral deposits, particularly through its 100% owned Cerro Las Minitas project, which is located in Mexico's Faja de Plata [10] - The company has a portfolio that includes the newly acquired Nazas gold-silver property and other projects in New Mexico, USA [10]
 Southern (SO) Q4 Earnings Miss, Electricity Sales Increase
 ZACKS· 2025-02-24 14:45
 Core Insights - Southern Company reported fourth-quarter 2024 earnings per share of 50 cents, missing the Zacks Consensus Estimate by one cent and declining from the previous year's adjusted profit of 64 cents due to increased expenses [1] - The company achieved revenues of $6.3 billion, a 4.9% increase from fourth-quarter 2023, surpassing the Zacks Consensus Estimate of $6.2 billion, driven by higher electricity sales and favorable weather [2] - Southern Company guided earnings per share for the current year between $4.20 and $4.30, maintaining a long-term EPS growth rate projection of 5-7% [2]   Sales Performance - Wholesale power sales increased by 2.5%, with retail electricity demand also rising, leading to a total electricity sales increase of 2.7% year-over-year [3] - Total retail sales rose by 2.8%, with residential, commercial, and industrial sales increasing by 1.9%, 4.4%, and 2%, respectively [3]   Expense Overview - Operations and maintenance costs rose by 14.6% year-over-year to $2 billion, contributing to a total operating expense of $5.3 billion, which was a 9.2% increase from the prior year and exceeded estimates [4]
 Southern Company(SO) - 2024 Q4 - Earnings Call Transcript
 2025-02-20 22:37
 Financial Data and Key Metrics Changes - The company reported strong adjusted earnings per share (EPS) of $4.05 for 2024, representing an 11% growth from the previous year and at the top of the guidance range [27][40]. - Weather-normalized total retail electricity sales increased approximately 1% compared to 2023, with commercial sales up 17% year-over-year [28][30]. - The company expects retail electricity sales to grow approximately 2% to 3% in 2025 compared to 2024 [29].   Business Line Data and Key Metrics Changes - The company added 57,000 new residential electric customers and 26,000 new customers in natural gas distribution businesses [29]. - Georgia Power's total retail electric sales growth is projected to be approximately 12% from 2025 to 2029 [30]. - The commercial segment, which includes data centers, is projected to grow an average of 18% from 2025 to 2029 [30].   Market Data and Key Metrics Changes - The economic development pipeline from large electric load customers represents over 50,000 megawatts of potential incremental load by the mid-2030s, with data centers alone accounting for roughly 80% of that potential load [11]. - The company signed contracts to serve over 1,000 megawatts of power needs for data centers in Alabama and Mississippi [12].   Company Strategy and Development Direction - The company remains committed to its state-regulated utility franchises, which are expected to represent approximately 95% of projected capital investments [13]. - The capital investment forecast over the next five years is $63 billion, a 30% increase from the previous year's forecast [32]. - The company is exploring opportunities outside the Southeast to serve data centers with new natural gas generation [17].   Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth outlook, with a projected average annual sales growth of approximately 8% from 2025 through 2029 [30]. - The company aims to maintain strong credit quality, which distinguishes it from much of the industry [46]. - Management highlighted the importance of investing in future leaders to maintain competitive advantage [47].   Other Important Information - The company has paid a dividend equal to or greater than the previous year for 77 consecutive years, with projected continued modest increases in dividends [38][39]. - The financing plan supports the base capital plan while preserving investment-grade credit ratings [35].   Q&A Session Summary  Question: Earnings growth cadence and potential derailments - Management indicated confidence in sustaining a long-term growth outlook of 5% to 7%, with incremental updates potentially allowing for a higher starting point as early as 2027 [54][56].   Question: Capital investment opportunities split - The majority of the $10 billion to $15 billion investment opportunities are associated with Georgia Power, with ongoing regulatory processes expected to provide clarity by mid-year [58][59].   Question: Southern Power's cumulative earnings trajectory - Management noted that Southern Power's assets are under long-term contracts, contributing to a stable earnings trajectory [67][70].   Question: Data center contracting changes - The company has codified rules to ensure balance and fairness in contracts with large load customers, which is expected to enhance market clarity [86][89].   Question: Availability of gas turbines - Management expressed confidence in their diversified supplier base for gas turbines, despite challenges in the supply chain [100][101].   Question: FFO to debt trajectory - Management aims to achieve a 17% FFO to debt level by the middle to late part of the five-year horizon [104].   Question: Growth in Alabama and Mississippi - Management highlighted significant economic development activity in both states, with projects expected to enhance capacity opportunities [108][109].   Question: Future of nuclear energy - Management emphasized the need for more nuclear energy as a long-term solution for low growth in the industry, advocating for continued investment in nuclear projects [113][116].