Industry Overview - The Zacks Mining – Gold industry is part of the broader Zacks Basic Materials sector, which is expected to see a decline in earnings for the second quarter, with overall earnings projected to fall by 7.5% despite a 2.8% increase in revenues [1] Gold Prices and Market Dynamics - Gold prices have increased significantly this year, rising approximately 29% year to date, driven by global trade tensions and safe-haven demand [3] - On April 22, gold prices reached a record high of $3,500 per ounce, and while they retreated, they closed the second quarter above $3,300 per ounce, marking a nearly 6% increase in the quarter [4] Company Performance Expectations - Gold mining companies are expected to benefit from higher gold prices and efforts to improve operational efficiency and reduce costs in their second-quarter results [2] - Despite higher mining costs due to inflationary pressures, companies are focused on reducing operational costs and improving efficiency, which is anticipated to support their margins [5] Selected Companies and Earnings Estimates - Barrick Mining Corporation is expected to report earnings of 47 cents per share, with an Earnings ESP of +1.14% and a Zacks Rank 1, having beaten earnings estimates in three of the last four quarters [9] - Franco-Nevada Corporation has an Earnings ESP of +0.91% and a Zacks Rank 3, with a consensus estimate of $1.10 for second-quarter earnings, benefiting from increased contributions from streaming agreements [11] - Integra Resources Corp. has an Earnings ESP of +4.76% and a Zacks Rank 3, with a consensus estimate of 7 cents for second-quarter earnings, expected to benefit from strong production at the Florida Canyon mine [13]

Core Viewpoint - Harley-Davidson has suspended its full-year financial forecast for 2025 due to uncertainties surrounding global tariffs and macroeconomic conditions [1][3]. Financial Performance - The company reported a 21% decline in global motorcycle sales compared to the previous year, attributed to a volatile macroeconomic environment and consumer uncertainty [3]. - Retail sales in the US were softer than expected, with motorcycle shipments dropping to 24,865 in Q1 from 41,577 in the same period last year [4]. - Revenue fell by 23% in the first quarter to $1.33 billion compared to the previous year [4]. Tariff Impact - Harley-Davidson estimates its tariff bill could reach $175 million this year, primarily due to imports from China facing a 145% tariff, despite most suppliers being based in the US [1][8]. Strategic Focus - The company is concentrating on cost productivity measures, supply chain mitigation, controlling operating expenses, and reducing dealer inventory, as stated by CEO Jochen Zeitz [4]. Market Reaction - Shares in Harley-Davidson increased by 3.4% around midday [5]. Economic Context - Recent data indicated that the US economy unexpectedly shrank as companies rushed to import goods ahead of tariffs, while consumer sentiment fell to its lowest level since October 2011 [6]. Leadership Changes - Harley-Davidson is searching for a new CEO as Jochen Zeitz plans to retire [6]. - Investment firm H Partners is attempting to remove Zeitz and two other directors from the board, citing poor performance and cultural issues [7].

Industry Overview - The Zacks Mining – Gold industry is part of the broader Zacks Basic Materials sector, which is expected to see a significant decline in earnings for Q1, projected to fall by 17.8% with a 0.7% decrease in revenues [1] - Gold prices have surged approximately 27% year-to-date, driven by global trade tensions and increased safe-haven demand [3] - Gold reached a record high of $3,500 per ounce on April 22, with a nearly 19% increase in the first quarter [4] Company Performance - Gold mining companies are anticipated to benefit from higher gold prices and improved operational efficiency, despite facing inflationary pressures on input costs [2][5] - Kinross Gold Corporation (KGC) is expected to report earnings of 22 cents, with an Earnings ESP of +11.07% and a Zacks Rank 2, having surpassed estimates in three of the last four quarters [8][9] - Sandstorm Gold Ltd. (SAND) is projected to report earnings of 5 cents, with an Earnings ESP of +6.67% and a Zacks Rank 2, although it has missed estimates in three of the last four quarters [11][12] - IAMGOLD Corporation (IAG) is expected to report earnings of 10 cents, with an Earnings ESP of +9.69% and a Zacks Rank 3, having beaten estimates in three of the last four quarters [13][14] Strategic Actions - Gold miners are focusing on reducing operational costs, improving efficiency, and concentrating on high-grade assets to support margins amid rising costs [5] - Companies are also working on paying down debt and eliminating non-core assets to enhance financial stability [5]