Core Insights - Westlake Corporation (WLK) has approved a plan to cease operations at three North American chlorovinyl production facilities and a styrene manufacturing unit due to challenging conditions in the global commodities chemicals industry, with closures expected in December 2025 [1][8] Group 1: Facility Closures - The affected facilities include the PVC plant in Aberdeen, MS, the VCM plant in Lake Charles, LA, North site, and a diaphragm chlor-alkali unit at Lake Charles, LA, South site, along with the Lake Charles styrene plant [2][8] - Seven other North American chlorovinyl facilities will continue to supply customers with PVC, VCM, and chlor-alkali products [3][8] Group 2: Production Capacity - Post-closure, the company will have an annual production capacity of approximately 520 million pounds of suspension PVC globally, with 4,900 million pounds in North America, and 7,630 million pounds of VCM globally, including 6,050 million pounds in North America [3] - The company will also maintain a capacity of 6,680 million pounds of chlorine and 7,510 million pounds of caustic soda globally, with 5,410 million pounds of chlorine and 6,100 million pounds of caustic soda in North America [3] Group 3: Financial Impact - The closures will result in a workforce reduction of about 295 employees [4][8] - Westlake expects pre-tax costs of approximately $415 million, primarily from non-cash accelerated depreciation, amortization, asset write-offs, employee severance, and other shutdown costs, with most costs anticipated to be recognized in the fourth quarter of 2025 [4][8]

Core Insights - PPG Industries has enhanced its NEXA AUTOCOLOR TURBO VISION toner for commercial transportation in the EMEA region, focusing on improved mixing efficiency and maintaining high-performance standards [1][7] - The new toners reduce manual mixing time by 30%-40% for certain colors and improve consistency across the color range, addressing client feedback [2][7] - The upgraded technology features lower viscosity variation, reduced preparation time, and minimized waste, ensuring full compatibility with existing products [3][7] Financial Performance - PPG's shares have decreased by 19.5% over the past year, while the industry has seen an 11.1% decline [5] - The company anticipates adjusted earnings per share of $7.60 to $7.70 for 2025, driven by share gains, cost initiatives, and a favorable outlook on global economic conditions [6] - The guidance reflects expected stronger performance in aerospace and protective coatings, countered by softer demand in refinish and industrial coatings [6] Market Position - PPG currently holds a Zacks Rank of 4 (Sell), indicating a less favorable market position compared to competitors [7] - In the Basic Materials sector, better-ranked stocks include Kinross Gold Corporation (Zacks Rank 1), Fortuna Mining Corp. and Harmony Gold Mining Company Limited (both Zacks Rank 2) [8]

Core Viewpoint - Aldebaran Resources Inc. plans to transfer its project portfolio in Argentina into a new Canadian subsidiary, SpinCo, which will focus on copper, gold, and silver exploration while Aldebaran continues to concentrate on the Altar copper-gold project [1][9]. Company Developments - Sam Leung has been appointed as the CEO and Director of SpinCo, bringing 20 years of experience in the mining sector, particularly in South America [2][12]. - The reorganization aims to unlock additional value for shareholders by allowing them to maintain exposure to the Altar project while also receiving shares in SpinCo [9]. Project Highlights - **Rio Grande Project**: Best intercept recorded is 257.20 m of 0.53% Cu and 1.20 g/t Au, with drill permits expected in H1 2026 [4]. - **Aguas Calientes**: Located in Salta Province, with significant resources including 71.0 million tonnes of 0.30% Cu, 0.36 g/t Au, and 3.2 g/t Ag [7]. - **Other Projects**: Include El Camino, Oscara, La Frontera, and Catua, with various mineralization potentials and historical drilling results [7]. Next Steps - SpinCo plans to complete private financing to fund a field program in 2025/2026, focusing on geochemistry and geophysics to prepare Rio Grande and Aguas Calientes for drilling [14]. - The spinout of SpinCo shares to Aldebaran shareholders is expected to be completed under the Business Corporations Act (Alberta), with plans for a public listing [14].

1）白银 2025Q1 白银产量 242,993 盎司（7.56 吨），环比减少 71%，同 比减少 23%。 2025Q1 白银销量 251,810 盎司（7.83 吨），环比减少 71%，同 比减少 23%。 2025Q1 白银实现价格 31.77 美元/盎司（7.46 元/克），环比增 长 2%，同比增长 36%。 2）黄金 2025Q1 黄金产量 91,893 盎司（2.86 吨），环比减少 4%，同比 增加 8%。 2025Q1 黄金销量 90,107 盎司（2.80 吨），环比减少 7%，同比 增加 8%。 证券研究报告|行业研究报告 [Table_Date] 2025 年 5 月 13 日 [Table_Title] Fortuna Mining 2025Q1 黄金产量环比减少 4%至 2.86 吨，白银产量环比减少 71%至 7.56 吨，调整 后归母净利润环比增长 68%至 6210 万美元 [Table_Title2] 有色金属-海外季报 [Table_Summary] 季报重点内容: ► 生产经营情况 2025Q1 黄金实现价格 2,883 美元/盎司（676.64 元/克），环比 上涨 ...

Core Viewpoint - Americas Gold and Silver (USAS) reported a wider adjusted net loss in 2024 compared to the previous year, primarily due to increased costs despite higher revenues from silver and zinc prices [1][2]. Financial Performance - The adjusted net loss for 2024 was $33.7 million, compared to a loss of $28.4 million in 2023 [1]. - The net loss for 2024 was $48.9 million, up from $38.2 million in 2023, influenced by higher foreign exchange losses and increased tax expenses [2]. - Adjusted loss per share was 13 cents, wider than the Zacks Consensus Estimate of 11 cents [1]. - The company posted a loss per share of 17 cents in 2024, compared to a loss of 16 cents per share in 2023 [3]. Revenue and Production - Revenues were approximately $100 million in 2024, a 5% increase from the prior year, driven by a 20% rise in silver prices and a 7% increase in zinc prices [4]. - The company’s attributable silver production was 1.7 million ounces in 2024, down 15% from 2023, with zinc and lead production also declining [6]. - Silver equivalent production was 3.7 million ounces, 19% higher than the previous year, mainly due to higher prices [6]. Operational Insights - The Galena Complex produced around 1.5 million ounces of silver in 2024, a decrease from 1.6 million ounces in 2023 [7]. - The Cosalá Operations saw a 25% year-over-year decline in silver production to 0.825 million ounces [8]. - The company expects an increase in silver production in 2025 as it progresses with the EC120 Project [10]. Cost Structure - Attributable cash costs were $17.41 per ounce of silver produced in 2024, up from $13.21 per ounce in 2023 [11]. - All-in-sustaining costs rose to $28.13 per ounce of silver produced compared to $20.44 per ounce in the prior year [11]. - Adjusted EBITDA was a loss of $1.5 million in 2024, slightly worse than the loss of $1.4 million in 2023 [12]. Cash Position - The company ended 2024 with cash and cash equivalents of $20 million and a working capital deficit of $28.7 million [13]. - Operating activities consumed $5.9 million in cash during the year [13]. Stock Performance - Shares of USAS surged 150% over the past year, contrasting with a 9.5% decline in the industry [14].

VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE:FSM, TSX:FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire. Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Exploration drilling at Kingfisher has moved to infilling and improving the resource confidence along the 1-kilometer strike length of the current resource pit, with several notable intersections including 7.2 g/t Au over an estimated ...

Fortuna Mining Corp. (FSM) reported fourth-quarter 2024 adjusted earnings per share of 11 cents, which missed the Zacks Consensus Estimate of 16 cents. The bottom line marked a solid 57% year-over-year improvement. Results were aided by higher gold prices, partially offset by lower gold sales volume.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Including the impacts of impairment charges and other non-recurring items, Fortuna Mining reported earnings of 4 cents per share in the fo ...

Core Insights - Fortuna Mining Corp reported strong financial and operational results for Q4 and full year 2024, highlighting record free cash flow and significant returns to shareholders through share buybacks. Cash and Cashflow - The company achieved record free cash flow of $95.6 million in Q4 2024, a 69% quarter-over-quarter improvement, and $202.9 million for the full year 2024 [8] - Quarter-end cash increased to $231.3 million, up $50.7 million from the previous quarter, reflecting strong growth in free cash flow [8] - Net cash from operations before working capital adjustments was $141.6 million in Q4, a 21% increase quarter-over-quarter [14] Profitability - Attributable net income for Q4 was $11.3 million, a significant recovery from a net loss of $92.3 million in Q4 2023, driven by reduced non-cash charges [18] - Adjusted attributable net income was $37.0 million or $0.12 per share in Q4, compared to $20.6 million or $0.07 per share in Q4 2023 [19] - The realized gold price increased to $2,662 per ounce in Q4 2024, compared to $1,990 per ounce in Q4 2023 [20] Operational Performance - Gold equivalent production reached 116,358 ounces in Q4 and a record 455,958 ounces for the full year 2024, meeting the low end of annual guidance [8] - Consolidated cash cost per gold equivalent ounce was $1,015 in Q4, up from $840 in Q4 2023, primarily due to lower head grades [16] - The Séguéla mine produced 137,781 ounces in 2024, with plans to increase annual production to 160,000 to 180,000 ounces by 2026 [6][35] Growth and Development - The company invested $49.0 million in mineral exploration and project development in 2024, with a budget of $51.0 million for 2025 [8] - The sale of the non-core San Jose mine is expected to refocus capital and management's attention on higher-value opportunities [6] - Capital expenditures for sustaining and non-sustaining projects were reported, with a notable increase in non-sustaining expenditures due to exploration activities [10][38] Safety and Environmental Performance - The company maintained strong safety performance in 2024, achieving a Total Recordable Injury Frequency Rate (TRIFR) of 1.36 and a Lost Time Injury Frequency Rate (LTIFR) of 0.48, consistent with top industry standards [8]