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Taseko Reports 2024 Fourth Quarter and Annual Earnings
Globenewswire· 2025-02-20 01:15
Core Viewpoint - Taseko Mines Limited reported its financial results for the year 2024, highlighting a net loss of $13 million despite significant revenues from copper and molybdenum sales. The company anticipates improved production in 2025 due to operational enhancements and the completion of construction projects. Financial Performance - For the full year 2024, Taseko reported Adjusted EBITDA of $224 million and revenues of $608 million from the sale of 108 million pounds of copper and 1.4 million pounds of molybdenum [2][14] - The company recorded a net loss of $13 million, equating to a loss of $0.05 per share, while Adjusted net income was $57 million, or $0.19 per share [2][14] - In Q4 2024, Adjusted EBITDA was $56 million, with a net loss of $21 million ($0.07 loss per share) and Adjusted net income of $10 million ($0.03 per share) [3][14] Production and Operations - The Gibraltar mine produced 106 million pounds of copper and 1.4 million pounds of molybdenum in 2024, with production impacted by an 18-day labor strike and higher-than-normal scheduled downtime [5][21] - In Q4 2024, Gibraltar produced 29 million pounds of copper at total operating costs (C1) of $2.42 per pound [4][28] - Copper production is expected to increase to 120 to 130 million pounds in 2025, with production weighted towards the latter half of the year due to lower grade ore stockpiles being utilized initially [6][31] Project Developments - Construction at the Florence Copper project is over 60% complete, with first copper production targeted for late 2025 [7][43] - The refurbishment of the SX/EW plant at Gibraltar is on schedule, with first cathode production anticipated in Q2 2025 [8][31] - The Yellowhead project is advancing in permitting, with plans to publish a new technical report incorporating updated costs and metal prices [10][44] Market Conditions and Financial Position - The company ended 2024 with a cash balance of $173 million and available liquidity of approximately $331 million [19][41] - Recent trends in global markets have positively impacted Gibraltar, with copper prices rising 8% since the start of the year [8][9] - Taseko has secured copper price protection with a minimum price of $4.00 per pound for all of 2025, providing additional downside protection [9][36]
Taseko to Release Fourth Quarter and Year End 2024 Results
Globenewswire· 2025-02-18 13:00
Core Points - Taseko Mines Limited will release its fourth quarter and year-end 2024 financial results on February 19, 2025, after market close [1] - A conference call and live webcast will be held on February 20, 2025, at 11:00 a.m. Eastern Time to discuss the financial results [2] - Participants must pre-register for the conference call to receive dial-in details and a unique access code [4] Company Information - For further inquiries, Taseko can be contacted through Brian Bergot, Vice President of Investor Relations, at 778-373-4533 or toll-free at 1-877-441-4533 [3] - The webcast of the conference call will be archived for playback until March 13, 2025 [4]
Taseko Releases Economic Impact Study for Gibraltar Copper Mine
Globenewswire· 2025-02-11 22:30
Core Insights - Taseko Mines Limited's Gibraltar copper mine has significantly contributed to the economies of the Cariboo Region, British Columbia, and Canada since its reopening in 2004, with a total economic output of $16.3 billion and value-added GDP of $8.3 billion [2][4] - The mine is projected to generate a cumulative economic impact of $41.9 billion in output and $21.2 billion in value-added GDP through 2044, with substantial contributions to the Cariboo region [4] - Gibraltar mine plays a crucial role in regional employment, currently supporting approximately 2,860 full-time jobs, with mining jobs in Canada being well compensated [4][5] Economic Contributions - Since 2004, Gibraltar has generated $2.0 billion in total government revenues, with an additional forecast of $3.1 billion in taxes over the next 20 years, leading to a cumulative total of over $5 billion [4] - The mine is the second-largest open-pit copper mine in Canada, producing an average of 129 million pounds of copper annually, which is essential for various energy technologies [4] Future Outlook - Taseko anticipates significant growth in its North American copper business, with the Florence Copper project in Arizona expected to begin production in late 2025, alongside the Yellowhead copper project in British Columbia [6]
UFC AND THORNE ANNOUNCE ENHANCED GLOBAL PARTNERSHIP RENEWAL
Prnewswire· 2025-02-11 13:30
Core Insights - Thorne has renewed its global partnership with UFC, enhancing collaboration as the Official Sports Performance Nutrition Partner and Official Partner of the UFC Performance Institute [1][2] - Thorne will also become a premier partner of UFC's Anti-Doping program, recognized as a gold standard in professional sports, contributing to the success of the program by providing high-quality, contaminant-free supplements [3][4] Company Overview - Thorne is a leader in science-backed health and wellness solutions, offering a comprehensive range of nutritional supplements and health tests, and is the top recommended clinical brand by healthcare practitioners [8] - Founded in 1984, Thorne collaborates with Mayo Clinic on health and wellness research and is trusted by over 47,000 healthcare professionals and thousands of professional athletes [8] Partnership Details - Thorne's products will be integrated into supplement plans for UFC athletes, with a focus on optimizing training responses and promoting health and wellbeing [2][3] - The partnership includes brand promotions, with Thorne branding featured in UFC broadcasts, reaching over 700 million fans in 170 countries [4][5] - Thorne will collaborate with UFC on original content for digital and social channels, engaging over 290 million users worldwide [5][6] Impact on Anti-Doping Program - Since Thorne's products were introduced in 2019, there have been no incidents of failed drug tests due to contaminants among athletes using Thorne's NSF Certified for Sport supplements [3] - The partnership aims to celebrate "Clean Test Milestones" for UFC athletes, highlighting their commitment to clean competition [3][6]
Taseko Comments on New US and Canadian Tariffs
Globenewswire· 2025-02-03 13:00
Core Viewpoint - Taseko Mines Limited confirms that new US and Canadian trade tariffs will not impact its operations, particularly the Gibraltar Mine and the Florence Copper Project, which is under construction and expected to produce copper by Q4 2025 [1][2][3]. Group 1: Impact of Tariffs - The US import tariffs will have no effect on sales from Taseko's 100%-owned Gibraltar Mine, which produces copper and molybdenum concentrates sold to international traders [2]. - Taseko has offtake contracts in place for 100% of its copper concentrate production through the end of 2026, ensuring stability in sales channels [2]. - The company does not anticipate any material impact on construction costs for the Florence Copper Project or operating costs for the Gibraltar Mine due to the new tariffs [4]. Group 2: Project Updates - The Florence Copper Project is currently under construction in Arizona and is the only new copper mine being developed in the United States, expected to supply refined copper cathode to the domestic market [3]. - Construction procurement activities for the Florence project are nearly complete, with all materials either on-site or being fabricated in the US [4]. Group 3: Management Commentary - Stuart McDonald, President & CEO of Taseko, expressed hope for a more constructive trade relationship between Canada and the US regarding copper and critical minerals [5]. - The company emphasizes the need for Canada to diversify its economy and expedite the development of critical mineral mines [5].
TKO Group (TKO) Soars 6.3%: Is Further Upside Left in the Stock?
ZACKS· 2025-01-24 14:40
Company Overview - TKO Group Holdings (TKO) shares increased by 6.3% to close at $151.97, with trading volume significantly higher than usual, contrasting with a 1.3% loss over the past four weeks [1] - CEO Emanuel Ariel purchased $50.3 million in TKO stock, increasing his indirect ownership to 1,031,804 shares, reflecting confidence in the company's prospects [2] - Major shareholder Patrick Whitesell acquired 125,589 shares at an average price of $143.06, totaling approximately $17.97 million, raising his ownership by 18.42% to 807,376 shares valued at about $115.5 million [2] Earnings Expectations - TKO is projected to report quarterly earnings of $0.22 per share, representing a year-over-year increase of 344.4%, while revenues are expected to be $612.6 million, a slight decrease of 0.2% from the previous year [3] - The consensus EPS estimate for TKO has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [5] Industry Context - TKO Group operates within the Zacks Film and Television Production and Distribution industry, where Lions Gate Entertainment (LGF.A) also competes, having closed 3.4% higher at $7.81 [5] - Lions Gate's consensus EPS estimate has remained unchanged at $0.07, reflecting a significant decline of 74.1% from the previous year, and it currently holds a Zacks Rank of 3 (Hold) [6]
SPRIBE Inks Multiyear Partnership Deals with UFC and WWE to Amplify Global Reach of Aviator
Prnewswire· 2025-01-23 07:00
Core Insights - SPRIBE has secured multiyear sponsorship deals with UFC and WWE, enhancing its global expansion strategy and solidifying its position in the B2B iGaming software market [1][3][5] - The game Aviator has seen significant player engagement, with over 14 billion USD wagered in December alone, and boasts over 42 million unique monthly active users [1][2][6] Company Overview - Founded in 2018, SPRIBE specializes in next-generation gaming products for online casinos, with Aviator being its flagship game [2][6] - Aviator is recognized as the No. 1 crash game globally by market share, with 350,000 bets placed per minute and 4,500 active clients [6] Sponsorship Details - The sponsorship with UFC includes prominent logo placements on the Octagon canvas and integrated social media campaigns, while WWE will feature Aviator branding at select marquee events [3][5] - These partnerships aim to leverage the massive international audience of UFC and WWE, which collectively engage millions of fans across 170 countries [4][7] Market Expansion - The partnerships are expected to facilitate customer acquisition and introduce Aviator to new users, particularly targeting growth in the U.S. market [7][8] - SPRIBE's strategic brand partnerships are designed to build long-term brand equity and support key growth drivers [6]
The Schall Law Firm Invites Shareholders With Losses To Join An Inquiry Into TKO Group Holdings, Inc. For Securities Fraud
ACCESSWIRE Newsroom· 2025-01-17 15:15
Core Viewpoint - The Schall Law Firm is inviting shareholders who have incurred losses to participate in an inquiry regarding TKO Group Holdings, Inc. for potential securities fraud [1] Group 1 - The inquiry is focused on TKO Group Holdings, Inc. and aims to investigate allegations of securities fraud [1] - Shareholders who have experienced losses are encouraged to join the inquiry, indicating potential legal actions against the company [1] - The Schall Law Firm is known for its focus on shareholder rights and securities fraud cases, suggesting a serious approach to the investigation [1]
TKO Group Holdings, Inc. Is Being Investigated For Securities Law Violations And Impacted Investors Are Urged To Contact The Schall Law Firm
ACCESSWIRE Newsroom· 2025-01-16 18:30
TKO Group Holdings, Inc. Is Being Investigated For Securities Law Violations And Impacted Investors Are Urged To Contact The Schall Law Firm ...
TKO Investors Have the Opportunity to Join Investigation of TKO Group Holdings, Inc. with the Schall Law Firm
Prnewswire· 2025-01-10 08:49
Legal Investigation - The Schall Law Firm is investigating claims on behalf of investors in TKO Group Holdings Inc (NYSE TKO) for potential breaches of fiduciary duty by its directors and management [3] - The investigation focuses on determining if the TKO board breached its fiduciary duties to shareholders [3] Contact Information - The Schall Law Firm can be contacted at 310-301-3335 or via email at [email protected] for discussions regarding shareholder rights [1][4] - The firm's website is www schallfirm com [1][4]