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Centerra Gold Reports First Quarter 2025 Results; Approved up to $75 Million to Repurchase Shares in 2025; Announces Updated Mineral Resource at Kemess and Advancing Studies on the Project
GlobeNewswire News Room· 2025-05-06 10:01
Core Viewpoint - Centerra Gold Inc. reported its first quarter 2025 operating and financial results, highlighting positive free cash flow, unchanged production guidance, and ongoing project advancements, particularly at the Kemess project [2][3]. Operations - Consolidated gold production for Q1 2025 was 59,379 ounces, with 35,880 ounces from Mount Milligan and 23,499 ounces from Öksüt [6][11]. - Copper production in the quarter was 11.6 million pounds [6]. - Mount Milligan produced 35,880 ounces of gold and 11.6 million pounds of copper, lower than planned due to lower gold grades [23]. - Öksüt produced 23,499 ounces of gold, also lower than planned due to lower grades and unfavorable weather conditions [27]. Financial - First quarter 2025 revenue was $299.5 million, a decrease of 2% from $305.8 million in Q1 2024 [9]. - Net earnings for Q1 2025 were $30.5 million, or $0.15 per share, down 54% from $66.4 million in Q1 2024 [11]. - Cash provided by operating activities was $58.6 million, with free cash flow of $10.0 million [11]. - The company maintained a strong cash position of $608 million, ensuring financial flexibility for ongoing projects [3][10]. Growth Initiatives - The company is advancing a Preliminary Economic Assessment on the Kemess project, expected to be completed by the end of 2025 [3]. - The updated mineral resource at Kemess includes 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources [8]. - Exploration guidance for Kemess has been doubled to between $10 million and $12 million for 2025, focusing on infill drilling and high-grade mineralization [3][8]. Capital Expenditures - Total capital expenditures in Q1 2025 were $46.9 million, with $68.1 million in additions to property, plant, and equipment [11]. - Non-sustaining capital expenditures were $25.8 million, primarily related to the restart of Thompson Creek [11][33]. Guidance - The company maintains its 2025 production guidance of 270,000 to 310,000 ounces of gold and 50 to 60 million pounds of copper [15][16]. - Gold production costs for Q1 2025 were $1,271 per ounce, with all-in sustaining costs of $1,491 per ounce [11][16].
JBDI Holdings Limited Announces US$1.0 Million Share Repurchase Program
GlobeNewswire News Room· 2025-05-05 21:00
Company Overview - JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia [3] - The company has nearly four decades of industry experience and has established a strong reputation for quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services [3] - JBDI's mission is to help customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs [3] Share Repurchase Program - The board of directors of JBDI has approved a share repurchase program, allowing the company to repurchase up to US$1.0 million worth of its ordinary shares [1] - Proposed repurchases may occur on the open market at prevailing market prices, in privately negotiated transactions, in block trades, and through other legally permissible means, depending on market conditions [2] - The board will periodically review the share repurchase program and may authorize adjustments to its terms and size [2]
Lilly(LLY) - 2025 FY - Earnings Call Transcript
2025-05-05 12:30
Financial Data and Key Metrics Changes - In 2024, the company's full year revenue increased by 32%, reaching $45 billion, with fourth quarter revenue growing by 45% [19] - The company invested nearly $11 billion in R&D, representing about 24% of its revenue, with an 18% year-over-year increase [19] - A new $15 billion share repurchase program was announced, marking the seventh consecutive year of a 15% increase in quarterly dividends [19] Business Line Data and Key Metrics Changes - The performance of Monjaro, Zepbound, and Verzenio significantly contributed to revenue growth [16] - The company launched five new medicines since 2022, including Evolus, Jaypirca, Kisunla, Monjaro, Zepbound, and Omvoh, enhancing patient reach [18] Market Data and Key Metrics Changes - The company expanded its manufacturing capacity to meet increasing demand and opened new facilities, including the Lilly Seaport Innovation Center in Boston and a Lilly Gateway Lab in the UK [20][21] - A major investment in the United States was announced, bringing total manufacturing commitments since 2020 to over $50 billion [21] Company Strategy and Development Direction - The company remains focused on solving serious healthcare problems and aims to deliver life-changing medicines to millions [16] - The long-term balanced growth strategy includes advancements in obesity, diabetes, oncology, neuroscience, and immunology [16] - The company is complementing its pipeline through acquisitions and collaborations, such as acquiring Morphic Therapeutics and partnering with OpenAI [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for significant growth from late-stage readouts in 2025 [17] - The company is committed to enhancing supply chain resilience and creating high-paying jobs through its investments [21] - Management emphasized the importance of their workforce and collaborations in achieving their goals [22] Other Important Information - The proposals to amend the articles of incorporation regarding the board structure and voting provisions did not receive the required votes [15] Q&A Session Summary Question: Does the compensation committee use the compensation actually paid total in setting the CEO target total compensation award for the coming year? - Management clarified that the compensation actually paid is not used to set the target compensation, as it reflects a mark-to-market value rather than actual compensation [26][28] Question: How much training is provided to employees to prevent clicking on links resulting in malware or breaks in cybersecurity? - Management confirmed that a comprehensive cybersecurity program is in place, including training to prevent incidents related to malware [29]
Share repurchase programme: Transactions of week 18 2025
Globenewswire· 2025-05-05 08:04
Core Viewpoint - Jyske Bank has initiated a share repurchase program with a total value of up to DKK 2.25 billion, running from February 26, 2025, to January 30, 2026, in compliance with EU regulations [1]. Group 1 - The share repurchase program is structured in accordance with the EU Commission Regulation No. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, collectively referred to as the "Safe Harbour Rules" [1]. - As of the latest announcement, Jyske Bank has accumulated a total of 862,155 shares under the program, with an average purchase price of DKK 528.57, totaling DKK 455,705,343 [2]. - Following the recent transactions, Jyske Bank will own a total of 3,627,273 treasury shares, representing 5.64% of the share capital [2]. Group 2 - The transactions under the share repurchase program include specific dates and values, with the most recent purchases occurring from April 28 to May 2, 2025, at varying average prices [2]. - The accumulated shares prior to the latest transactions were 802,274, purchased at an average price of DKK 527.78, amounting to DKK 423,421,598 [2]. - The program aims to enhance shareholder value and is part of Jyske Bank's broader financial strategy [1][2].
Apple Q2 Earnings Beat Estimates, Services Drive Top-Line Growth
ZACKS· 2025-05-02 15:20
Apple (AAPL) reported second-quarter fiscal 2025 adjusted earnings of $1.65 per share, which beat the Zacks Consensus Estimate by 2.48% and increased 7.8% year over year.Net sales increased 5.1% year over year to $95.36 billion and beat the Zacks Consensus Estimate by 1.16%.Overall, product sales (72.1% of sales) climbed 2.7% year over year to $68.71 billion.Apple’s Q2 Top Line Rides on Strong Services GrowthServices revenues grew 11.6% year over year to $26.65 billion and accounted for 27.9% of sales. The ...
DiamondRock Hospitality pany(DRH) - 2025 Q1 - Earnings Call Transcript
2025-05-02 15:00
Financial Data and Key Metrics Changes - Comparable RevPAR increased by 2% over 2024, while total RevPAR increased by 1.6% [4] - Hotel adjusted EBITDA margins increased by 54 basis points, with hotel adjusted EBITDA in Q1 at $61.3 million, reflecting a 2.2% growth over 2024 [9] - Adjusted FFO was $0.19 per share, an increase of $0.01 or 5.6% over 2024 [10] - Free cash flow per share increased by 10% to $0.63 per share over the prior four-quarter period [10] Business Line Data and Key Metrics Changes - Urban portfolio RevPAR grew by 5%, driven by group and business transient segments, with room revenues up 3.1% in January, 2.6% in February, and 5.4% in March [4] - Food and beverage revenue at urban hotels declined by 3.3% year over year, but excluding the Chicago Marriott, it increased by 5.5% [5] - Resort portfolio comparable RevPAR declined by 2.1% over 2024, with total revenues slightly up in January and February but down 4.3% in March [6][7] - Group room revenues increased by 10.4% over last year on a 5.2% increase in room nights [8] Market Data and Key Metrics Changes - Florida assets saw mid-single-digit revenue declines, with RevPAR down 5.9% and total RevPAR down 4% [7] - Outside of Florida, RevPAR increased by 1.7% and total RevPAR increased by 2.9% [7] - Preliminary April RevPAR showed better than 2% growth [30] Company Strategy and Development Direction - The company is focused on adding groups to resorts to preserve pricing and improve profitability [8] - Plans to refinance maturing loans through a combination of corporate debt issuance and recasting the corporate credit facility [12] - The company is pursuing opportunities to dispose of non-strategic assets while recycling proceeds into attractive investment alternatives [17] Management's Comments on Operating Environment and Future Outlook - Management noted that the unsettled macroeconomic environment has led to softer closure rates for group bookings [9] - The long-term secular drivers for US resorts remain strong, but near-term performance could be soft [20] - The company expects economic anxiety to settle as 2025 progresses, with a focus on increasing earnings per share [27] - Revised full-year 2025 RevPAR outlook to a range of -1% to +1% growth, reflecting a cautious stance on group bookings [23] Other Important Information - The company intends to continue paying a quarterly dividend of $0.08 per share in 2025 [10] - Share repurchases totaled approximately $16 million or 2.1 million shares at an average price of $7.85 [11] Q&A Session Summary Question: Preliminary portfolio-wide RevPAR for April - Preliminary April is showing a little better than 2% growth [30] Question: Renovation project costs and tariffs - Costs depend on the type of renovations; efforts are being made to secure materials before tariffs are reinstated [31][32] Question: Group conversion profile and average group size - The average hotel is about 200 to 250 rooms, with groups running the gamut from associations to corporate [36][37] Question: Group pacing in specific markets - Denver and Salt Lake are showing significant strength in group bookings [41] Question: Holes in group bookings for the rest of the year - The biggest holes are due to difficult comps in Chicago and Boston [48] Question: Average booking window for groups - Smaller groups tend to book 4 to 6 months out, while larger groups book 8 to 12 months out [53] Question: Competitive supply growth and developer behavior - Approximately 40% to 50% of markets have little to no supply growth due to anti-development stances [82]
Sun ntry Airlines (SNCY) - 2025 Q1 - Earnings Call Transcript
2025-05-02 13:32
Sun Country Airlines (SNCY) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Chris Allen - Director, IRJude Bricker - CEO & DirectorBill Trousdale - SVP, Interim CFO & Principal Financial and Accounting OfficerDuane Pfennigwerth - Senior MDMichael Linenberg - Managing DirectorTom Fitzgerald - VP - Equity ResearchCatherine O'Brien - Vice PresidentGrant Whitney - SVP & Chief Revenue OfficerJames Kirby - Vice PresidentRyan Capozzi - Senior Associate Conference Call Participants Brandon Oglen ...
Sun ntry Airlines (SNCY) - 2025 Q1 - Earnings Call Transcript
2025-05-02 13:32
Sun Country Airlines (SNCY) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Chris Allen - Director, IRJude Bricker - CEO & DirectorBill Trousdale - SVP, Interim CFO & Principal Financial and Accounting OfficerDuane Pfennigwerth - Senior MDMichael Linenberg - Managing DirectorTom Fitzgerald - VP - Equity ResearchCatherine O'Brien - Vice PresidentGrant Whitney - SVP & Chief Revenue OfficerJames Kirby - Vice PresidentRyan Capozzi - Senior Associate Conference Call Participants Brandon Oglen ...
ProPetro Q1 Earnings Beat Estimates, Revenues Decrease Y/Y
ZACKS· 2025-05-02 12:30
ProPetro Holding Corp. (PUMP) reported a first-quarter 2025 adjusted profit per share of 9 cents, which beat the Zacks Consensus Estimate of 6 cents, backed by a 6.8% year-over-year decline in costs and expenses. However, the bottom line underperformed the year-ago profit of 18 cents.Revenues of $359 million beat the consensus mark of $341 million. This improvement can be attributed to better-than-expected service revenues in the Wireline and Hydraulic Fracturing segments. The revenues in the Wireline segme ...
Sun ntry Airlines (SNCY) - 2025 Q1 - Earnings Call Transcript
2025-05-02 12:30
Sun Country Airlines (SNCY) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 and welcome to the Sun Country Airlines First Quarter twenty twenty five Earnings Call. My name is Carmen, and I will be your operator for today's call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I will now turn the call over to Chris Allen, Director of Investor Relations. ...