Core Viewpoint - AngloGold Ashanti plc has reached a new 52-week high of $47.77 following the announcement of the sale of its interest in the Mineração Serra Grande mine to Aura Minerals Inc, which is aimed at optimizing its portfolio [1]. Financial Details of the Deal - The sale of Mineração Serra Grande S.A. to Aura will be for a cash consideration of $76 million, subject to working capital adjustments at closing. Additionally, AngloGold Ashanti will receive deferred payments equivalent to a 3% net smelter returns royalty on the mine's current mineral resources [2][7]. Strategic Decision - The MSG mine, located in Goiás, includes three mechanized underground mines and an open pit, with a dedicated metallurgical plant having an annual capacity of 1.5 million tons. Recent priorities have included stabilizing operations and decommissioning the legacy tailings storage facility [3]. Production and Cost Analysis - The MSG mine produced 80,000 ounces of gold in 2024 and 86,000 ounces in 2023. It is characterized as one of AngloGold Ashanti's higher-cost and lower-production operations, and the sale is expected to enhance capital allocation and operational efficiencies [4][7]. Transaction Details - The transaction will exclude subsidiaries of Mineração Serra Grande S.A. that hold non-core assets, which will be retained by AngloGold Ashanti and transferred out through a spin-off before closing. The deal is anticipated to close in the third quarter of 2025, pending closing conditions [5]. Stock Performance - AngloGold Ashanti's shares have increased by 100.6% over the past year, significantly outperforming the industry average growth of 42.9% [6].

SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways”, the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced fiscal year 2024 financial results. "We are pleased to report on the strategic advancements Multi Ways Holdings Limited has achieved over the past year," said Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways Ho ...

Company Overview - Kinross Gold is a senior gold mining company with a diverse portfolio of mines located in the United States, Brazil, Chile, Mauritania, and Canada, focusing on operational efficiency, cost control, and strategic asset optimization [2] Earnings Estimates - Over the last 60 days, four analysts have increased their earnings estimates for Kinross Gold for both the current year and the next year, indicating positive revision activity [3] - The Zacks Consensus Estimate for 2024 has risen to $1.04 from $0.77 just two months ago, while next year's estimate increased from $0.80 to $1.16 [3][4] Growth Projections - Current year EPS growth is projected at 52.94%, with next year expected to grow another 12.3% to $1.16 [4] Macro Environment - Gold prices are reaching record highs, driven by both short-term safe-haven demand and longer-term trends, with expectations that the Federal Reserve will act soon, leading to a weaker dollar and lower real yields, which are favorable for gold prices [5] Cost Structure - Kinross Gold's all-in sustaining costs (AISC) are trending toward the lower end of its peer group, positioning the company to benefit significantly from any increase in gold prices [6] - If gold prices remain above $2,300 per ounce, Kinross is expected to be not just profitable but highly profitable [6]

Core Viewpoint - Premier Health of America Inc. reported a significant decline in revenues and increased net loss for the second quarter ended March 31, 2025, primarily due to the impact of Quebec's Bill 10 and operational challenges in British Columbia [1][4][10]. Financial Performance - Revenues for Q2 2025 were CAD 27.1 million, down from CAD 46.3 million in Q2 2024, representing a decrease of approximately 41.4% [3]. - Gross margin for Q2 2025 was CAD 4.5 million, compared to CAD 8.5 million in Q2 2024, with gross margin as a percentage of revenues decreasing from 18.4% to 16.7% [3]. - Adjusted EBITDA for Q2 2025 was CAD 0.5 million, down from CAD 2.6 million in the same period of 2024 [10]. - The net loss for Q2 2025 was CAD 3.1 million, compared to a loss of CAD 1.5 million in Q2 2024 [10]. Operational Challenges - The implementation of Quebec's Bill 10 has significantly impacted the Per Diem segment, which now accounts for about 4% of revenues and 5% of gross margins [4]. - The travel nurse and northern communities' services are performing well, except for a volume reduction in British Columbia due to health authorities' service acquisition centralization efforts [5]. - The company is undergoing a reorganization of its Quebec operations, including workforce reductions and termination of targeted office leases, with cost savings expected to continue in the coming quarters [6]. Strategic Focus - The company is shifting its focus from the Per Diem segment to Travel Nurses and is exploring opportunities in the Home Care sector [7]. - The CFO, Guy Daoust, has taken on the role of interim CEO, emphasizing the need for further steps to adapt to ongoing operational challenges [5][7].

Core Viewpoint - Trio Petroleum Corp has successfully acquired additional petroleum and natural gas properties from Novacor Exploration Ltd, positioning the company for growth in the heavy oil sector of Lloydminster, Saskatchewan, which is recognized for its potential in long-term production and reserve growth [1][2]. Acquisition Details - The acquisition includes the remaining Novacor TWP47 assets located in the South-West quarter of Section 19, Township 47, Range 26W3M, and the Northeast Section 3, Township 48, Range 24W3M, both in the Lloydminster area [2]. - The total purchase price for the acquisition was US$650,000 in cash and 526,536 shares of common stock, with an initial good faith deposit of $65,000 [6]. Production and Operational Insights - There are currently seven producing wells on the acquired properties, with production from Section 19 subject to Freehold Royalties of 13.5% and a GORR of 2%, while Section 3 has Freehold Royalties of 15% [2]. - Novacor, as the operator, has the capability to rapidly double production, and the area is home to major industry players, indicating a competitive environment for heavy oil production [2]. Cost Management and Efficiency - Novacor's current lift cost is CDN $10.00 per barrel, which is considered competitive and is expected to help maintain profitability even in lower oil price environments [4]. - The company emphasizes its commitment to cost management and efficient production techniques, which are believed to provide a significant advantage in navigating market fluctuations [4]. Strategic Growth Plans - Trio plans to aggressively expand its footprint in the area, leveraging Novacor's operational efficiencies, and aims to deliver consistent value to shareholders through disciplined operations and cost management [5]. - The immediate plan includes initiating a workover program to increase production on the newly acquired assets, with expectations of reflecting benefits in the upcoming quarters [5].

Core Viewpoint - FONAR Corporation's stock has significantly outperformed the S&P 500 Index following the release of its fiscal third-quarter earnings, indicating strong market confidence in the company's performance and growth potential [1]. Financial Performance Overview - For the quarter ended March 31, 2025, FONAR reported a 5.6% year-over-year increase in total net revenues, reaching $27.2 million compared to $25.7 million in the prior year [2]. - Net income attributable to the company increased by 25.8% to $3.1 million from $2.5 million a year earlier, despite a 2.2% decline in income from operations [2]. - Diluted net income per common share surged 37% to $0.37, up from $0.27 in the third quarter of fiscal 2024 [2]. - Management and other fees rose 6.4% to $12.9 million, while service and repair fees increased by 26.2% to $2.3 million [2]. - Patient fee revenues increased by 2.8% to $8.9 million, but product sales dropped 50% to $55,000 [2]. Operational Efficiency and Business Metrics - Total costs and expenses increased by 6.9% to $23.5 million, with SG&A expenses rising 5.2% to $7.9 million [3]. - Despite the increase in expenses, FONAR reported a solid net margin improvement due to revenue growth and a lower tax provision of $1 million, down from $1.8 million [3]. Balance Sheet and Liquidity - Total assets slightly increased to $214.9 million as of March 31, 2025, while total liabilities declined to $54.7 million [4]. - The current ratio improved to 10.0, indicating robust short-term liquidity [4]. - Working capital increased by 4% to $127.1 million, and net book value per common share rose by 5% to $25.98 [4]. Cash Flow and Management Commentary - Operating cash flow for the nine months ended March 31, 2025, was $7 million, down from $9.5 million in the prior year [5]. - Chairman and CEO Timothy Damadian highlighted record-setting scan volumes as a key driver of revenue growth, with 54,612 MRI scans completed in the third quarter, a 2.8% sequential increase [6]. - The hybrid model of combining high-field MRIs with Stand-Up MRIs is attracting a broader physician referral base and alleviating patient backlogs [7]. Drivers Behind Financial Performance - The increase in net income was primarily driven by lower income tax provisions and stable investment income, despite modest revenue gains [8]. - Careful expense management and optimized operational efficiencies contributed to bolstering the bottom line [8]. - Revenue diversification through services and management fees contributed to a more balanced earnings profile [9]. Challenges and Other Developments - FONAR faced challenges from rising SG&A expenses and a decline in product sales, attributed to utility charges and receivables-related reserves [10]. - Under a stock repurchase plan, FONAR has repurchased 373,942 shares at a cost of approximately $6.1 million as of March 31, 2025 [11].

Core Insights - GoPro has launched a new special edition of its HERO13 Black camera, the HERO13 Black Ultra Wide Edition, aimed at enhancing first-person video capture with a significantly expanded field of view [1] Product Features - The HERO13 Black Ultra Wide Edition is priced at $479.99 and features an Ultra Wide Lens Mod that provides a 177-degree field of view, expanding width by 36% and height by 48% compared to the standard lens [2] - The Ultra Wide Lens Mod offers features such as unbreakable HyperSmooth stabilization for video modes up to 4K60, Horizon Lock for 360-degree rotation stability, and a scratch-resistant, hydrophobic lens coating [3] - The Ultra Wide Lens Mod is part of GoPro's HB-Series Lens lineup, which includes other specialty lenses like the Anamorphic Lens Mod, Macro Lens Mod, and a 4-pack ND Filter Set [4] Financial Performance - In the first quarter of 2025, GoPro reported a non-GAAP loss per share of 12 cents, which is an improvement from a loss of $2.11 per share in the same quarter last year, and better than the Zacks Consensus Estimate of a loss of 13 cents [6] - The company generated revenues of $134.3 million, a decrease of 13.6% year over year, attributed to lower accessory sales and increased price promotions, although this was partially offset by growth in subscription and service revenues [6][7] Strategic Focus - GoPro's first-quarter results indicate a strategic focus on operational efficiency and long-term growth, with a reduction in operating expenses year over year and an increase in subscription ARPU, reflecting improved revenue quality [7] - The company is diversifying its supply chain to better adapt to changing market conditions [7] Market Position - GoPro currently holds a Zacks Rank 2 (Buy), but its shares have declined by 49.2% over the past six months, contrasting with a 31.9% growth in the Audio Video Production industry [8]

Signet Jewelers Limited (SIG) has demonstrated strong upward momentum, trading above its 50-day and 100-day simple moving averages (SMA). SIG closed yesterday’s trading session at $64.47, ahead of its 50-day and 100-day SMA of $58.03 and $59.04, respectively. This technical strength, along with sustained momentum, reflects positive market sentiment and investor confidence in SIG's financial health and growth prospects.SIG Trades Above 50 & 100-Day Moving AveragesImage Source: Zacks Investment ResearchShares ...

Core Insights - Sypris Solutions, Inc. reported a net loss of 4 cents per share for Q1 2025, an improvement from a loss of 10 cents per share a year earlier, despite a revenue decline of 17% year-over-year to $29.5 million [2][3] - The company’s stock has underperformed, declining 0.6% since the earnings report, compared to a 1.4% increase in the S&P 500 and a 15.4% rise in the broader market over the past month [1] Financial Performance - Revenue for Sypris Technologies fell to $13.6 million from $18.4 million, while Sypris Electronics saw a decline to $15.9 million from $17.2 million, attributed to cyclical and operational factors [5] - Gross profit increased by 16.7% year-over-year to $3.4 million, with a consolidated gross margin improvement of 330 basis points [3] - The Electronics segment experienced a significant gross profit increase of 51.1% to $1.3 million, driven by a favorable program mix and cost efficiencies [3] Management Strategy - CEO Jeffrey T. Gill highlighted a backlog exceeding $80 million in Sypris Electronics, which is more than a year’s worth of sales, allowing for proactive inventory management [4] - The company has withdrawn its full-year 2025 guidance due to macroeconomic uncertainties, particularly regarding new tariffs, and will suspend future guidance until more visibility is achieved [6]

Core Insights - Moneycorp, a UK-based international payments and FX platform, has selected Temenos to enhance its product offerings and operational efficiency through the adoption of Temenos SaaS [1][5] - The partnership aims to enable Moneycorp to focus on business growth while providing advanced wallet and payment capabilities for an improved client experience [2][5] Company Overview - Moneycorp operates globally with a presence in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for various clients [3] - In 2023, Moneycorp handled £71 billion in trading volume, serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals [3] Operational Strategy - By adopting Temenos SaaS, Moneycorp can roll out new capabilities globally, utilizing a build-once, deploy anywhere approach across different regulatory jurisdictions [4] - The use of Temenos Model Bank with pre-configured banking functionality will allow Moneycorp to achieve faster time to value while reducing costs and delivery risks [4] Technology and Innovation - Temenos' open, API-based architecture will facilitate integration with Moneycorp's ecosystem, enhancing operational agility and accelerating innovation [4] - The partnership is expected to support Moneycorp's strategic transformation, underpinning its core banking and payments ecosystem across global operations [5]