Kenya plans to refinance several eurobonds falling due over the next nine years to help spread out repayments https://t.co/Kg0g196BH5 ...

High mortgage rate? Stay ready to refinance. Not ready to buy? Renting could save you $1,000+ a month—and offer freedom homeownership can’t.https://t.co/CMZYRYLlpG https://t.co/56QhEQ31Pw ...

Meanwhile, mortgage rates are on the move. Diana Ol has the details there. Diana.>> Well, John, rates continue to fall. The average on the 30-year fix dropped a little more today to 6.53%. That's the lowest since October.It had been holding in a very narrow range over the past several months, but appears to be pushing lower for now. Anyway, that is driving refinance demand. Those applications jumped 23% last week compared with the previous week.According to the Mortgage Bankers Association, that's the stron ...

Grubhub's owner Wonder has approached lenders including private credit firms as it seeks to raise between $400 million and $500 million to refinance the food delivery company’s existing debt https://t.co/fFCFEtpUlO ...

Digicel Group is working with JPMorgan Chase on a potential deal to refinance over $2 billion of the mobile operator’s debt, according to people familiar with the matter https://t.co/Sv3KwuV1Ek ...

Check our interactive map to find today's average 30-year mortgage refinance rate for any U.S. state. Right now, the cheapest refi states are New York, California, and Florida. https://t.co/xN22I7QEw1 ...

RT Pio (@piovincenzo_)I'm not a real estate guru butif you're expecting serious rate cuts to happen in the next 12 monthsdoesn't it make sense to buy the house now, in a less competitive, higher interest rate environment?And then just refinance in 12-24 months? ...

Financial Data and Key Metrics Changes - The company reported an enterprise value of approximately USD 940 million and plans to produce over 50,000 tonnes of copper annually in the near future [3] - The company achieved a C1 cash cost of USD 1.91 per pound and total cash costs of about USD 2.47 per pound, with a realized price of USD 4.4 per pound for the quarter [6][7] - The net gearing ratio was reduced to under 20%, reflecting a significant deleveraging of the balance sheet [34][41] Business Line Data and Key Metrics Changes - The company is targeting copper production guidance of 43,000 to 48,000 tonnes for the year, with a copper grade of approximately 3.84% [7] - Growth capital expenditure (CapEx) is estimated to be between USD 20 million to USD 25 million, while sustaining CapEx is projected at USD 40 million to USD 50 million [8] Market Data and Key Metrics Changes - Spot copper treatment charges have been observed at negative USD 40 per tonne, indicating a favorable annual benchmark settlement for the upcoming year [9] - The company has seen a positive impact from exchange rates and treatment charges, contributing to improved cash costs [8] Company Strategy and Development Direction - The company is focused on two key growth projects: the ventilation project and the Merin mine, which are expected to enhance production capabilities [4][40] - The Merin mine is anticipated to add significant production capacity, with the potential for high-grade mineralization being identified [19][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a strong second quarter based on the production profile and ongoing projects [43] - The company is optimistic about the Merin mine's potential to smooth out production volatility and enhance profitability [63] Other Important Information - The company has successfully refinanced its debt structure, significantly reducing its average weighted cost of debt by over 30% [36] - The company reported a healthy liquidity position of approximately USD 245 million, including undrawn facilities and cash reserves [39] Q&A Session Summary Question: Can you confirm that from a cash flow perspective, production and sales are aligned? - Yes, the company aims to align cash flow with production, ensuring consistency in reporting [51][52] Question: Will you get any development ore from the Merin mine? - Yes, the company has already extracted high-grade zinc lead mineralization during development and plans to be opportunistic in mining [54] Question: What tonnage would be considered a success for 2026? - The company anticipates mining around 50,000 tonnes at 6% copper and potentially 100,000 to 150,000 tonnes at 2.5% copper from the Merin mine [58][59] Question: Is the mine breakeven at 35,000 tonnes per annum? - The breakeven point is likely lower, possibly in the high 20,000 to 30,000 tonnes range [66] Question: How should we interpret the guidance for copper production in 2026? - There is no real change; the company is planning for both copper and zinc production, with potential upside in forecasts [71][72] Question: Are the costs for the ventilation project still on track? - Yes, the costs are still within the expected range, with a reduction in the cost per meter of development noted [75][79] Question: Are there any supply chain issues anticipated? - Currently, there are no significant issues with supply chain or consumables, although general market uncertainty exists [101][102]