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Analysts Estimate Southern Copper (SCCO) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-07-11 15:00
Core Viewpoint - Southern Copper (SCCO) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended June 2025, which could significantly influence its near-term stock price [1][2]. Earnings Expectations - The consensus estimate for Southern Copper's quarterly earnings is $1.06 per share, reflecting a year-over-year decrease of 13.1% [3]. - Expected revenues for the quarter are $3.01 billion, down 3.5% from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 14.96%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Southern Copper matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [9][10]. - Southern Copper currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12]. Historical Performance - In the last reported quarter, Southern Copper exceeded the expected earnings of $1.13 per share, achieving $1.19, resulting in a surprise of +5.31% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - While Southern Copper does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making investment decisions ahead of the earnings release [17].
X @CoinDesk
CoinDesk· 2025-07-11 13:18
Mergers and Acquisitions - CoreWeave to acquire Core Scientific for approximately $9 billion [2] Mining Metrics - Hash price reaches $60 per terahash per day [1][2] - Difficulty adjustment expected to increase by 73% [2] - Bitcoin fees are at their lowest since March 2012, measured in sats/vb [2] GPU Purchases - IREN purchases 2,400 Nvidia Blackwell GPUs for $130 million [1][2] Company Strategy - Bit Digital pivots to Ethereum treasury [1][2]
Barrick Mining's $2 Billion Lumwana Super Pit Expansion on Track
ZACKS· 2025-07-11 13:06
Core Insights - Barrick Mining Corporation is advancing its $2 billion Super Pit Expansion Project at the Lumwana mine, aiming to transform it into a Tier One copper mine [1][2] - The expansion will double Lumwana's copper output to 240,000 tons annually, supported by a new processing plant with a capacity of 50 million tons per year [2][6] - Lumwana has significantly contributed to Zambia's economy, with over $4 billion generated since 2019, primarily through local procurement [3][6] - The mine is leading an environmental initiative through a REDD+ forest conservation program, covering 300,000 hectares, aimed at generating carbon credits and promoting sustainable practices [4][6] - Barrick's shares have increased by 13.7% over the past year, compared to a 33.7% rise in the industry [5] Economic Impact - Lumwana has contributed more than $4 billion to Zambia's economy through taxes, royalties, wages, and local procurement since 2019 [3] - 79% of total procurement, amounting to over $3.4 billion, has been spent with Zambian suppliers [3] - In Q1 of this year, $177 million, or 81% of procurement, was allocated to local contractors [3] Environmental Initiatives - The REDD+ program aims to conserve 300,000 hectares and generate future carbon credits while promoting sustainable livelihoods and biodiversity [4][6] - The initiative is developed in partnership with local chiefdoms and the Forestry Department [4] Industry Performance - Barrick Mining's shares have gained 13.7% over the past year, while the industry has seen a 33.7% increase [5]
Gunnison Copper upsizes private placement to C$8.7M on strong demand
Proactiveinvestors NA· 2025-07-11 12:24
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Generation Uranium Announces Private Placement and New CFO
Thenewswire· 2025-07-11 12:00
Core Points - Generation Uranium Inc. is conducting a non-brokered private placement to raise up to CAD$550,000 by issuing up to 11,000,000 shares at a price of $0.05 per unit, each unit consisting of one common share and one warrant priced at $0.10 [1][2] - The net proceeds from the offering will be utilized to define new drill targets on the Yath Project, enhance market awareness, and for general working capital [2] - The offering is subject to approval from the TSX Venture Exchange (TSXV) and insider participation will be considered a related-party transaction under Multilateral Instrument 61-101 [3][4] Management Changes - Mr. Sonu Unnoonni has been appointed as the new CFO, bringing over 20 years of experience in finance across various sectors, with a focus on financial strategy and operational efficiency [6] - Marcy Kleisman will step down as CFO to pursue other business opportunities, with the company wishing her success in her future endeavors [7] Company Overview - Generation Uranium is a natural resource company focused on the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut, Canada [8]
Gamma Resources Appoints Chad McMillan Strategic Advisor
Thenewswire· 2025-07-11 12:00
Vancouver, BC, July 11, 2025 – TheNewswire - GAMMA RESOURCES LTD. (TSX.V:GAMA, FSE:6GC, OTC:MLLOF) (“Gamma” or the “Company”) is pleased to announce that it has appointed Mr. Chad McMillan to serve as a Strategic Advisor to the Company.Mr. McMillan is a dynamic senior executive with over twenty years of experience in and around the capital markets building, running, and helping finance public companies. He is well versed in executive management, corporate finance, mergers and acquisitions, corporate commun ...
Tariffs to bring copper production to U.S. is not the most effective: TD Cowen's Craig Hutchinson
CNBC Television· 2025-07-11 11:51
President Trump is slapping a 50% tariff on copper imports. The announcement this week puts the metal sector back in the spotlight. Joining us now is Craig Hutcherson, TD Cow, and base metals equity research analyst's coverage focuses on Canadian miner miners.And Canada is one of the top copper exporters to the US. Craig has highlighted a few names that could benefit from these section 232 tariffs, including Capstone Copper, Hud Bay Minerals, and Taco Mines. Uh, great to have you with us, Craig.And I'm wond ...
REPEAT – Euro Sun Mining Enters into Facility and Offtake Agreements; Changes Address
Globenewswire· 2025-07-11 11:30
Core Viewpoint - Euro Sun Mining Inc. has entered into a pre-development facility agreement with Trafigura Pte Ltd, securing a facility of up to US$2.5 million to support its corporate purposes while negotiating a larger US$200 million copper concentrates prepayment facility [1][2] Financing Details - The facility agreement allows Euro Sun to draw down the full US$2.5 million, with repayment due by June 30, 2027, and interest payable quarterly at a market rate [3] - The company has already submitted requests to utilize the full amount of the facility [3] Offtake Agreement - An offtake agreement has been established with Trafigura, allowing for offtake volumes of up to 100% of commercial production for nine years or until specified tonnages are delivered [4] - Certain rights under the offtake agreement will persist even after the repayment of the facility [4] Company Background - Euro Sun Mining Inc. is focused on the exploration and development of the Rovina Valley Project in Romania, which is noted as the second largest copper and gold deposit in Europe [7] - The project has been granted European strategic status, which is expected to attract investment and create jobs in the region, contributing to Europe's green energy transition [7] Corporate Changes - The company has relocated its registered and head office to a new address in Vaughan, Ontario, aligning with its current leadership and operational focus [6]