Waste Management, Inc. (NYSE:WM) 11th Annual Waste & Environmental Services Symposium April 3, 2025 12:15 PM ET Company Participants Ed Egl - IR Conference Call Participants Tony Bancroft - Gabelli Funds Tony Bancroft I'd like to do reintroduce, Ed Egl, Head of Investor Relations at WM. WM is based in Houston, Texas. It's the largest waste service provider in North America, and has the largest landfill network. Ed joined, WM in 1995, and has been -- his current role since 2014. WM has 400 million shares out ...

Group 1: Company Performance - Waste Management, Inc. (WM) shares have gained 16% year to date, outperforming the industry's 8% growth [1] - WM has demonstrated consistent revenue growth with a compound annual growth rate (CAGR) of 7.7% in revenues and operating income from 2020 to 2024 [3] - The company's disciplined pricing strategy and cost control measures help maintain strong profit margins [4] Group 2: Sustainability and Growth Initiatives - WM is a leader in sustainability, investing in initiatives such as converting landfill gas into renewable energy, attracting ESG-focused investors [3] - The acquisition of Stericycle strengthens WM's position in the medical waste industry, expected to generate more than $125 million in annual run-rate synergies [6] Group 3: Dividend and Shareholder Value - WM has consistently rewarded shareholders with dividends since 1998, with payments increasing from $1.1 billion in 2022 and 2023 to $1.2 billion in 2024 [5] - The company remains committed to returning value to investors despite fluctuations in cash flow [5] Group 4: Valuation and Investment Outlook - WM's stock appears overvalued, trading at a trailing 12-month Enterprise Value/EBITDA ratio of 17.69X, exceeding the industry average of 13.77X [7] - Given its current valuation, WM is best held for long-term stability and dividends, with investors awaiting better entry points for further accumulation [8]

WM plans to invest approximately $3 billion in sustainability growth strategy 2022-2026 HOUSTON, April 2, 2025 /PRNewswire/ -- WM (NYSE: WM), North America's leading environmental solutions provider and largest recycler, today announced the company will celebrate the official grand openings for four recycling and renewable natural gas (RNG) projects across the U.S. The facilities are part of WM's plans to invest about $3 billion in its sustainability growth strategy from 2022-2026, expected to result in 39 ...

Core Viewpoint - Wallbridge Mining Company Limited has released an updated positive Preliminary Economic Assessment (PEA) for its 100%-owned Fenelon gold project, indicating strong project economics and a viable path to development under favorable conditions [2][6][12]. PEA Highlights - The PEA indicates an average annual gold production of 107,000 ounces over a 16-year mine life, with a peak production of 127,000 ounces in the first five years [9][18]. - The after-tax Internal Rate of Return (IRR) is projected at 21%, with an after-tax Net Present Value (NPV) of $706 million based on a base case gold price of US$2,200 per ounce [9][12]. - Initial capital expenditures are estimated at $579 million, with sustaining capital expenditures of $449 million [9][20]. Financial Analysis - The project is expected to generate cumulative free cash flow of $1,367 million, averaging $120 million annually over the mine life [12]. - Total cash costs are estimated at US$851 per ounce, with all-in sustaining costs (AISC) at US$1,046 per ounce [27]. - The PEA is sensitive to gold price fluctuations, with a potential after-tax NPV of $1,381 million and an IRR of 34% at a gold price of US$3,000 per ounce [14][15]. Mineral Resource Estimate - The updated mineral resource estimates for the Fenelon and Martiniere deposits indicate a total of 19,790 thousand tonnes at an average grade of 3.30 g/t for indicated resources, and 18,899 thousand tonnes at an average grade of 3.35 g/t for inferred resources [30][33]. Mining and Processing - The mine will operate at a production rate of 3,000 tonnes per day, extracting a total of 16.6 million tonnes of mineralized material at an average grade of 3.34 g/t [37]. - The processing plant is designed to treat 3,000 tonnes per day, incorporating a Semi-Autogenous Ball Mill Crusher circuit and a leaching circuit for gold recovery [46][47]. Project Infrastructure - The project is located approximately 75 km from Matagami, accessible via a forestry road, and includes existing facilities that will be upgraded during construction [49][50]. - Infrastructure development will include a new process plant complex, paste plant, and various support facilities [51][52]. Environmental and Permitting - The project is subject to environmental assessment procedures under Quebec regulations, with no major environmental issues identified to date [64][66]. - A closure and rehabilitation plan is being prepared, with preliminary costs estimated at $11.5 million [68]. Stakeholder Engagement - Wallbridge is actively engaging with local First Nations and stakeholders to ensure community involvement and support for the project [69][70].

In the latest trading session, Waste Management (WM) closed at $226.24, marking a +0.59% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.77%. Elsewhere, the Dow gained 1.42%, while the tech-heavy Nasdaq added 2.28%.The the stock of garbage and recycling hauler has fallen by 1.37% in the past month, leading the Business Services sector's loss of 7.87% and the S&P 500's loss of 5.73%.The upcoming earnings release of Waste Management will be of great interest to in ...

The most recent trading session ended with Waste Management (WM) standing at $228.19, reflecting a +1.48% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.64% gain on the day. Meanwhile, the Dow experienced a rise of 0.85%, and the technology-dominated Nasdaq saw an increase of 0.31%.Shares of the garbage and recycling hauler witnessed a loss of 1.26% over the previous month, beating the performance of the Business Services sector with its loss of 10.4% and the S&P 500's ...

Core Viewpoint - Wallbridge Mining Company Limited has initiated drilling at its Martiniere gold project, aiming to explore and expand its mineral resources in northwestern Quebec [1][2]. Exploration and Drilling Plans - The company is focusing on the Bug Lake deformation corridor, where previous drilling in 2024 yielded multiple high-grade intercepts from three satellite targets located within 100 to 500 meters of the defined mineral resource [2]. - The first hole of the 2025 drilling program targets the down-plunge extension of the Dragonfly zone, which has been delineated approximately 500 meters along strike and to a vertical depth of 75 to 200 meters below the surface [2]. - A total of 10,000 to 15,000 meters of drilling is planned for 2025, with the first phase expected to be completed by May 2025, and results to be reported by the end of the second quarter [3]. Property and Project Overview - Wallbridge holds a contiguous mineral property position totaling 830 km along the Detour-Fenelon gold trend, which includes the Fenelon Gold Project and the Martiniere Gold Project [5]. - The company is also engaged in generative exploration to identify earlier stage greenfields targets within its regional property position [4].

Core Viewpoint - Wallbridge Mining Company Limited has announced positive final assay results from the 2024 exploration drilling program conducted by Agnico Eagle Mines on the Detour East property, indicating potential for a new gold discovery in the northern Abitibi region [1][2]. Exploration Program Summary - The 2024 exploration program at Detour East was executed in two phases: the first phase involved a property-wide airborne Mobile Magnetotellurics (MT) geophysical survey covering 1,923 line-kilometres to identify geological and geophysical targets [3]. - The second phase included a 14-hole diamond drilling program totaling 6,475 metres, with 9 out of 14 holes intersecting gold mineralization, confirming the presence of significant structural deformation and mineralization [4]. Assay Highlights - Notable assay results include: - 9.95 g/t Au over 0.5 metres in hole DTE-24-55 along the Sunday Lake Deformation Zone (SLDZ) [5]. - 1.34 g/t Au over 3.0 metres and 1.27 g/t Au over 3.7 metres in hole DTE-24-65, located near the boundary with the Casault property [5]. - 1.43 g/t Au over 5.0 metres, 5.79 g/t Au over 1.0 metre, and 7.02 g/t Au over 3.5 metres in hole DTE-24-66 on the historic Lynx target along the Massicotte Deformation Zone (MDZ) [5]. Financial Commitment and Joint Venture - Agnico Eagle Mines has invested approximately $5.5 million into exploring the Detour East property since entering the option agreement in late 2020, with $2.0 million remaining to acquire an initial 50% interest [2][8]. - Upon exercising its option for the initial 50% interest, Agnico will have the opportunity to earn an additional 25% interest by completing an additional $27.5 million in qualified work expenditures within five years [8]. Property Overview - The Detour East property is part of a 231 km claim block within Wallbridge's 830 km Detour-Fenelon Gold Project land package, covering approximately 20 km of the SLDZ and 15 km of the MDZ [7].

The founder of Microsoft, renowned philanthropist Bill Gates, funds his charitable efforts, in large part, through investing in the stock market.Gates’ portfolio is actually quite concentrated — with only 4 stock holdings accounting for 79% of the portfolio’s value. For the Gates Foundation, stability is a priority, so blue-chip stocks with stable dividends are a mainstay.One of the long-term holdings in this portfolio is Waste Management (NYSE: WM). At present, it is the 3rd largest holding, and accounts f ...

Waste Management, Inc. (WM) shares have gained 11% in the past six months, while the industry has seen a modest loss.Key competitors' performance has been mixed during this time, with Republic Services (RSG) rising 14% and Clean Harbors (CLH) declining 10%.Given the consolidation, let's explore the factors shaping WM’s performance and evaluate whether this is an opportune moment to invest in the company.WM: Sustainability, Stability and Growth CombinedOver the years, WM has shown consistent revenue growth. ...