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Copper tariffs are likely to be passed off to consumers, says BoA Securities' Michael Widmer
CNBC Television· 2025-07-11 15:53
Copper now hovering near record highs and on track for its best week since March of 2022 after President Trump announced plans for a 50% tariff on copper imports starting on August 1st. It looks like right now it's off by about 8/10en of a percent. Let's bring in Michael Whitmer, Bank of America Securities head of metals research.Is the market pricing in these tariffs, Michael. It is, but not fully. I think we're halfway there and having those uh those tariffs priced uh priced in.I think over time we are pr ...
Wall Street's Insights Into Key Metrics Ahead of Alcoa (AA) Q2 Earnings
ZACKS· 2025-07-11 14:16
The upcoming report from Alcoa (AA) is expected to reveal quarterly earnings of $0.30 per share, indicating an increase of 87.5% compared to the year-ago period. Analysts forecast revenues of $2.91 billion, representing an increase of 0.3% year over year.The consensus EPS estimate for the quarter has been revised 4.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a compan ...
CMC Announces Appointment of Dawne S. Hickton to Board of Directors
Prnewswire· 2025-07-11 12:00
IRVING, Texas, July 11, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that it has named Dawne S. Hickton to the Company's Board of Directors (the "Board"), effective October 14, 2025.Since June 2022, Ms. Hickton has served as Chair, Chief Executive Officer, and President of Cumberland Additive, Inc., a private company focused on new technologies for specialty metals additive manufacturing. From June 2019 to June 2022, Ms. Hickton served as Executive Vice ...
X @Bloomberg
Bloomberg· 2025-07-11 05:06
Nickel ore shipments to Indonesia from the Philippines are expected to surge this year to meet demand from Chinese-owned refineries affected by Jakarta’s curbs on domestic production, according to the head of a Philippine miner https://t.co/edFvMbf511 ...
MAG Shareholders Approve the Proposed Acquisition by Pan American
GlobeNewswire· 2025-07-10 23:01
Core Viewpoint - MAG Silver Corp. has received approval from its shareholders for the acquisition by Pan American Silver Corp. through a plan of arrangement, indicating strong shareholder support for the transaction [1][2]. Shareholder Approval - The special resolution for the acquisition was approved by 99.52% of the votes cast by MAG shareholders present or represented at the meeting [2]. - A total of 61,077,441 common shares were represented at the meeting, accounting for 59.03% of the total issued and outstanding MAG shares [2]. Terms of the Arrangement - Under the arrangement, MAG shareholders can choose to receive either $20.54 in cash for each MAG share or a combination of $0.0001 in cash and 0.755 of a common share in Pan American [3]. - The total cash consideration for all MAG shareholders is capped at $500 million, with the remainder paid in Pan American shares [3]. Next Steps for Completion - Following shareholder approval, MAG will seek a final order from the Supreme Court of British Columbia to approve the arrangement, with a hearing scheduled for July 14, 2025 [5]. - The completion of the arrangement is contingent upon receiving necessary regulatory approvals and satisfying customary closing conditions, with an expected closing in the second half of 2025 [5]. Company Overview - MAG Silver Corp. is a Canadian mining and exploration company focused on high-grade precious metals projects in the Americas, including a 44% joint venture interest in the Juanicipio Mine in Mexico [6]. - The company is also engaged in exploration programs at the Deer Trail Project in Utah and the Larder Project in Canada [6].
Endeavour Silver Announces At-the-Market Offering of up to US$60 Million
GlobeNewswire News Room· 2025-07-10 21:42
Core Viewpoint - Endeavour Silver Corp. has entered into a sales agreement to raise up to US$60 million through the sale of common shares over approximately 24 months, utilizing various financial agents for the offering [1][2]. Group 1: Offering Details - The offering will be conducted via a prospectus supplement dated July 10, 2025, linked to the existing U.S. registration statement and Canadian base shelf prospectus [2]. - The common shares will be sold at market prices prevailing at the time of each sale, with no sales occurring on the Toronto Stock Exchange [1][2]. - The company will pay the agents a compensation of 2.00% of the gross sales price per common share sold under the sales agreement [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to advance the evaluation and development of the Pitarrilla and Parral properties, fund cash requirements during the ramp-up of operations at the Terronera project, assess potential acquisition opportunities, continue exploration at existing properties, and support working capital needs [3]. Group 3: Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [6].
Endeavour Silver Announces At-the-Market Offering of up to US$60 Million
Globenewswire· 2025-07-10 21:42
Core Viewpoint - Endeavour Silver Corp. has entered into a sales agreement to raise up to US$60 million through the sale of common shares over approximately 24 months, utilizing various financial agents for the offering [1][2]. Group 1: Offering Details - The offering will be conducted via a prospectus supplement to the existing U.S. registration statement and Canadian short form base shelf prospectus, both dated May 27, 2025 [2]. - The common shares will be sold at market prices prevailing at the time of each sale, with no sales occurring on the Toronto Stock Exchange [1][2]. - The company will pay the agents a compensation of 2.00% of the gross sales price per common share sold under the sales agreement [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to advance the evaluation and development of the Pitarrilla and Parral properties, fund cash requirements during the ramp-up of operations at the Terronera project, assess potential acquisition opportunities, continue exploration at existing properties, and support working capital needs [3]. Group 3: Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [6].
Sandstorm Gold Royalties Reports Second Quarter Sales and Record Revenue; Financial Results August 7
Prnewswire· 2025-07-10 21:05
VANCOUVER, BC, July 10, 2025 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm", or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to report sales, revenue, and other preliminary figures for the second quarter ended June 30, 2025 (all figures in U.S. dollars).Second Quarter Preliminary ResultsDuring the three months ended June 30, 2025, the Company sold approximately 15,100 attributable gold equivalent ounces1 and realized record preliminary revenue2 of $51.4 million (17,414 attr ...
Elcora Announces Notice of Hearing
Globenewswire· 2025-07-10 20:05
HALIFAX, Nova Scotia, July 10, 2025 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), announced today that the Nova Scotia Securities Commission (the “Commission”) has scheduled a hearing on July 16, 2025 (the “Hearing”) at 10:00 am (Nova Scotia time). The purpose of the Hearing is for the Commission to consider whether it is in the public interest to approve a settlement agreement (the “Settlement Agreement”) and to make an order i ...
Bureau of Land Management Accelerates Permitting for Paramount’s High-Grade Grassy Mountain Gold Project
Globenewswire· 2025-07-10 20:00
WINNEMUCCA, Nev., July 10, 2025 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) is delighted to announce the U.S. Bureau of Land Management (‘BLM’) has advised the company that following recent changes to NEPA (https://ceq.doe.gov/laws-regulations/regulations.html), the draft Environmental Impact Statement (‘DEIS’) is now expected to be published in early August 2025. With the publication of the DEIS, an updated schedule will be posted on the BLM’s permitt ...