Core Viewpoint - Osisko Development Corp. announced positive results from the optimized Feasibility Study for the Cariboo Gold Project, confirming strong economics for a low-impact underground operation with favorable operating costs and capital requirements [2][3]. Project Overview - The Cariboo Gold Project is a 100%-owned, permitted gold project located in central British Columbia, Canada, designed as a traditional underground operation using mechanized bulk mining methods [2][5]. - The 2025 Feasibility Study (FS) was completed by BBA Engineering Ltd. and adheres to National Instrument 43-101 standards [2]. Economic Metrics - The base case gold price is set at $2,400/oz, with a net present value (NPV) of $943 million and an internal rate of return (IRR) of 22.1% [5][6]. - Under a spot case scenario with a gold price of $3,300/oz, the NPV increases to $2,066 million, and the IRR rises to 38.0% [5][6]. - Average annual free cash flow is projected at $158 million, with $296 million in the first five years [6][9]. Production and Costs - The project anticipates an average annual production of approximately 190,000 ounces of gold over a 10-year mine life, with first gold expected in the second half of 2027 [6][34]. - The average all-in sustaining costs (AISC) are estimated at $1,157/oz, placing the project in the lower half of the global cost curve for gold mines [6][9]. Improvements from Previous Studies - The 2025 FS incorporates significant improvements over the 2023 FS, including a streamlined processing facility and enhanced metallurgical recovery, resulting in an overall gold recovery of 92.6% [6][7][50]. - The average stope size has increased by approximately 60%, reducing the total number of stopes required [11][38]. Capital Expenditures - Initial capital costs are estimated at $881 million, with sustaining capital costs over the life of the mine projected at $525 million [6][69]. - Total cumulative capital costs, including reclamation and closure costs, are estimated at $1,307 million [69]. Permitting and Community Engagement - The project has received necessary permits, including the Environmental Assessment Certificate and Mines Act permits, solidifying its shovel-ready status [72][73]. - The company is committed to engaging with Indigenous nations and local communities to ensure mutual benefits from the project [73][76]. Future Opportunities - There are significant opportunities for further optimization and enhancement of the project's economics, which will be detailed in the forthcoming Technical Report [77][78].

Core Insights - Eastman Chemical Company (EMN) reported first-quarter 2025 earnings of $1.57 per share, a 12.9% increase from $1.39 in the same quarter last year, with adjusted earnings of $1.91 per share, up 18.6% from $1.61, surpassing the Zacks Consensus Estimate of $1.89 [1][2] Financial Performance - Revenues for the first quarter were $2,290 million, missing the Zacks Consensus Estimate of $2,308.6 million, and reflecting a 1% decrease from $2,310 million in the prior-year quarter [2] - Cash used in operating activities totaled $167 million, and dividends paid to stockholders were $96 million [7] Segment Performance - **Advanced Materials**: Revenues fell 3.9% year over year to $719 million, missing the estimate of $763.7 million due to reduced selling prices and unfavorable sales volume mix [3] - **Additives & Functional Products**: Revenues increased 4.1% year over year to $733 million, exceeding the estimate of $703.3 million, driven by higher selling prices and improved sales volume mix [4] - **Chemical Intermediates**: Net sales rose 4.2% year over year to $545 million, beating the estimate of $533.5 million, attributed to increased selling prices and a stronger sales volume mix [5] - **Fibers**: Net sales declined 12.9% year over year to $288 million, missing the estimate of $325 million, primarily due to a less favorable sales volume mix and reduced selling prices [6] Guidance and Outlook - The company raised its cost reduction goal to approximately $75 million and lowered capital expenditures to about $550 million, indicating a strong position to manage challenges from increasing tariffs [8] - EMN anticipates generating around $1.2 billion in operating cash flow for full-year 2025, with adjusted EPS guidance for the second quarter projected between $1.70 and $1.90 [9][11] Market Performance - EMN's shares have decreased by 15.9% over the past year, compared to a 25.7% decline in its industry [12]

Core Viewpoint - Reliance, Inc. reported a decline in profits and net sales for the first quarter of 2025, but exceeded earnings estimates despite challenges in pricing and economic uncertainties [1][2][5]. Financial Performance - The company posted profits of $199.7 million or $3.74 per share, down from $302.9 million or $5.23 per share year-over-year [1]. - Net sales were $3,484.7 million, a decrease of approximately 4% year-over-year, but above the Zacks Consensus Estimate of $3,456.5 million [2]. - Earnings per share, excluding one-time items, were $3.77, down from $5.30 a year ago, but surpassed the Zacks Consensus Estimate of $3.66 [1][2]. Volumes and Pricing - Reliance reported a 9% year-over-year increase in shipments to 1,628.9 thousand tons, exceeding estimates [2]. - The average selling price per ton fell around 12% year-over-year to $2,143, which was lower than the estimated $2,175 [3]. Financial Position - At the end of the quarter, Reliance had cash and cash equivalents of $277.8 million, a decrease of about 13% from the previous quarter, and total outstanding debt of $1.48 billion [4]. - The company generated cash flow from operations of $64.5 million in the first quarter [4]. Q2 Outlook - Reliance expects stable demand across its diversified end markets in the second quarter, despite ongoing economic uncertainties [5]. - The company anticipates tons sold to be down 1% to up 1% compared to the first quarter, and up 3-5% from the year-ago quarter [6]. - Average selling price per ton is expected to increase by 1-3% compared to the first quarter, with adjusted earnings per share projected to be in the range of $4.50-$4.70 for Q2 [6]. Stock Performance - RS shares have declined by 1.9% over the past year, contrasting with an 11.3% decline in the Zacks Mining – Miscellaneous industry [7].

Core Viewpoint - Freeport-McMoRan Inc. (FCX) reported a decline in net income and revenues for the first quarter of 2025, with earnings per share meeting expectations while operational performance showed significant decreases in copper and gold production [1][2]. Financial Performance - Net income attributable to common stock was $352 million, or 24 cents per share, down approximately 25.6% from $473 million, or 32 cents per share, in the same quarter last year [1]. - Revenues decreased roughly 9.4% year over year to $5,728 million, surpassing the Zacks Consensus Estimate of $5,307.6 million [1]. Operational Highlights - Copper production fell around 20% year over year to 868 million pounds, missing the estimate of 872 million pounds [2]. - Consolidated sales of copper declined approximately 21.2% year over year to 872 million pounds, exceeding the estimate of 850 million pounds [2]. - Gold sales dropped around 77.5% year over year to 128,000 ounces, while molybdenum sales remained stable at 20 million pounds [2]. Cost and Pricing - Consolidated average unit net cash costs per pound of copper increased to $2.07 from $1.51 a year ago, beating the estimate of $2.05 [3]. - The average realized price for copper rose approximately 12.7% year over year to $4.44 per pound, surpassing the estimate of $4.40 [3]. - The average realized price per ounce for gold increased around 43.2% year over year to $3,072, exceeding the estimate of $2,700 [3]. Financial Position - Cash and cash equivalents at the end of the quarter were $4,385 million, down around 15.8% year over year [4]. - Total debt was $9,404 million, declining about 0.2% year over year [4]. - Cash flows from operations were approximately $1.1 billion, down 42.1% year over year [4]. Guidance - FCX anticipates total operating cash flow for 2025 to be around $7 billion, including approximately $0.2 billion from working capital and other sources [5]. - Capital spending for 2025 is projected to be around $5 billion, with $2.8 billion allocated to major mining projects and $0.6 billion for new downstream processing facilities [5]. Sales Forecast - FCX expects consolidated sales of approximately 4 billion pounds of copper, 1.6 million ounces of gold, and 88 million pounds of molybdenum for 2025, including specific targets for the second quarter [6]. Stock Performance - Freeport's shares have declined 28.8% over the past year, compared to a 26.9% decline in the industry [7].

Dow Inc. (DOW) recorded a loss (on a reported basis) of $307 million or 44 cents per share in first-quarter 2025. This compares to a profit of $516 million or 73 cents per share a year ago. The bottom line was hurt by lower prices and restructuring charges. On an adjusted basis (barring one-time items), DOW logged earnings of 2 cents for the reported quarter, down from 56 cents a year ago. The figure beat the Zacks Consensus Estimate of a loss of 2 cents. Dow recorded net sales of $10,431 million for the qu ...

Core Points - Osisko Gold Royalties Ltd has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote FOR all proposed resolutions at the upcoming Annual and Special Meeting of Shareholders on May 8, 2025 [1] - The Board of Directors of Osisko unanimously recommends that Shareholders vote "FOR" all proposed resolutions [2] - The proxy voting deadline is set for 1:30 p.m. (Eastern Daylight Time) on May 6, 2025 [2] Meeting Details - The Annual and Special Meeting of Shareholders will take place on May 8, 2025, at 1:30 p.m. (Eastern Daylight Time) at Lavery, de Billy L.L.P., Montréal, Québec [2] - Shareholders can find complete details and relevant documents related to the Meeting on the company's website [2] Shareholder Assistance - Shareholders with questions about voting can contact the Company's proxy solicitation agent, Laurel Hill Advisory Group, via toll-free number or email [3] - Contact information for the proxy solicitation agent includes a toll-free number for North America and an international number [3] Company Overview - Osisko Gold Royalties Ltd is an intermediate precious metals royalty company focused on the Americas, with operations commencing in June 2014 [3] - The company holds a portfolio of over 185 royalties, streams, and precious metal offtakes, anchored by a 3-5% net smelter return royalty on the Canadian Malartic Complex, one of Canada's largest gold mines [3]

Newmont Corporation (NEM) reported first-quarter 2025 earnings from continuing operations of $1.68 per share, up from 15 cents in the year-ago quarter. Barring one-time items, adjusted earnings were $1.25 per share compared with 55 cents reported in the prior- year quarter. It topped the Zacks Consensus Estimate of 84 cents. NEM's revenues for the first quarter were $5,010 million, up 24.5% from $4,023 million reported in the prior- year quarter. The figure beat the Zacks Consensus Estimate of $4,464.5 mill ...

VANCOUVER, British Columbia, April 24, 2025 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce that the Company has entered into an Investment Agreement, Royalty Agreement and Assignment Agreement (collectively the "Royalty Sale Agreements") with Osisko Gold Royalties Ltd ("Osisko") for potential proceeds of up to $10.8 million (the "Royalty Sale"). Pursuant to the terms of the Royalty Sale Agreements, Sable has assigned its interest in a numb ...

Company Overview - Osisko Gold Royalties (OR) currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, OR shares have increased by 4.15%, outperforming the Zacks Mining - Gold industry, which rose by 2.54% [6] - In a longer time frame, OR's monthly price change is 14.4%, compared to the industry's 8.62% [6] - Over the past quarter, OR shares have gained 27.56%, and over the last year, they have increased by 52.27%, while the S&P 500 has moved -14.46% and 5.35%, respectively [7] Trading Volume - The average 20-day trading volume for OR is 986,010 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, 3 earnings estimates for OR have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $0.62 to $0.68 [10] - For the next fiscal year, there has been 1 upward revision with no downward revisions during the same period [10] Conclusion - Considering the performance metrics, trading volume, and positive earnings outlook, OR is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]

MONTRÉAL, April 17, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the "Company" or "Osisko") (OR: TSX & NYSE) is pleased to announce the publication of its 2024 Sustainability Report, Growing Responsibly (the "Report"). All monetary amounts included in this release are expressed in United States dollars. The Report marks the fifth edition of Growing Responsibly and highlights Osisko's Environmental, Social and Governance ("ESG") initiatives and key performance metrics for 2024. Heather Taylor, Vice Pr ...