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X @The Economist
The Economist· 2025-08-14 13:40
China has a near-monopoly of the rare-earths industry. But the more aggressive it is about using its market power, the greater the incentive for the rest of the world to find ways around it. We explain how https://t.co/W7nGEr5AFO ...
FLSmidth updates its financial guidance for 2025: Adjusted EBITA margin guidance upgraded, while revenue guidance lowered
Globenewswire· 2025-08-14 11:08
Core Viewpoint - FLSmidth has announced preliminary and unaudited financial results for Q2 2025 and H1 2025, along with an update to its financial guidance for the full year 2025, reflecting a strategic shift towards being a pure-play supplier to the mining industry following the divestment of its Cement business [1][2]. Financial Performance - For Q2 2025, FLSmidth reported consolidated revenue of DKK 3.4 billion and for H1 2025, revenue was DKK 7.1 billion [4]. - The Adjusted EBITA margin for Q2 2025 was 15.2%, while for H1 2025 it was 14.9% [4]. - Order intake for Q2 2025 was DKK 3.5 billion, and for H1 2025, it was DKK 7.3 billion [4]. Segment Reporting - FLSmidth will report on three continuing segments: Service, Products, and Pumps, Cyclones & Valves (PC&V) starting Q2 2025 [3]. - The PC&V segment is expected to consist of approximately 25% equipment-related orders and 75% aftermarket-related orders [3]. Financial Guidance - The updated revenue guidance for the full year 2025 is DKK 14.5-15.0 billion, down from the previous guidance of approximately DKK 15.0 billion, due to customer-driven delays and adverse foreign exchange rate movements [7]. - The Adjusted EBITA margin guidance has been upgraded to 15.0-15.5%, reflecting stronger-than-anticipated benefits from ongoing corporate model implementation [8]. Market Outlook - Market demand for aftermarket services in the global mining industry is expected to remain stable, while demand for original equipment is anticipated to remain soft compared to 2024 [9]. Transformation Costs - Costs related to the ongoing transformation activities and the separation of the Mining and Cement businesses are expected to total approximately DKK 200 million for the full year 2025 [10].
X @Forbes
Forbes· 2025-08-14 03:59
Hedge fund trader James Litinsky turned a $20 million distressed bonds bet into a billion-dollar mining fortune—with a little help from Uncle Sam and the Chinese.Read more: https://t.co/ZJ7EuKxS3A https://t.co/J9w6ZxpFeL ...
X @Bloomberg
Bloomberg· 2025-08-14 00:18
Australian miner South32 will take a $372 million impairment on its aluminum project in Mozambique that it said could shut next year, after it failed to secure an affordable energy supply https://t.co/kkotlI7b3l ...
X @Bloomberg
Bloomberg· 2025-08-13 20:20
Freeport-McMoRan is selling large volumes of copper ore following an outage at a plant it owns in Indonesia, bringing short-term relief to smelters facing a historic squeeze on supply https://t.co/KCMvF1YfHo ...
Emerita Announces Upsize to C$25M Brokered Private Placement Financing
Globenewswire· 2025-08-13 19:31
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (“Emerita” or the “Company”) (TSXV:EMO) (OTCQB:EMOTF) (FSE:LLJA) is pleased to announce that, due to strong investor demand, it has agreed with Clarus Securities Inc. and Velocity Trade Canada as co-lead agents on behalf of a syndicate of agents (collectively, the “ ...
Emerita Announces Upsize to C$25M Brokered Private Placement Financing
GlobeNewswire News Room· 2025-08-13 19:31
Group 1 - Emerita Resources Corp. has increased the size of its previously announced private placement from $15,000,090 to up to $24,999,975 due to strong investor demand [1][2] - The Offering will consist of up to 23,809,500 units priced at $1.05 per unit, with each unit including one common share and one-half of a common share purchase warrant [2] - Each warrant will allow the holder to purchase one common share at an exercise price of $1.30 for 24 months following the Offering's completion [2] Group 2 - The net proceeds from the Offering will be utilized for exploration and development of the Company's Spanish mineral properties, as well as for general corporate and working capital purposes [3] - The Offering will be conducted under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a statutory hold period under Canadian securities laws [4] - The Offering is expected to close on or about August 26, 2025, pending necessary approvals including that of the TSX Venture Exchange [5] Group 3 - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office in Sevilla and an administrative office in Toronto [8]
Should PAAS Stock be a Part of Your Portfolio Post Solid Q2 Results?
ZACKS· 2025-08-13 18:16
Core Insights - Pan American Silver (PAAS) reported strong second-quarter 2025 results, with a 10% stock gain following the announcement, and achieved record free cash flow of $233 million, resulting in a cash balance of $1.1 billion [1][10]. Financial Performance - Q2 revenues increased by 18% year-over-year to $811.9 million, driven by higher gold and silver prices, despite an $80.5 million decrease in metal quantities sold [9]. - Mine operating earnings surged 134% to $273 million, with adjusted earnings per share rising 291% to 43 cents [10]. - The company raised its dividend by 20% to 12 cents per share [10]. Year-to-Date Performance - Year-to-date, PAAS shares have increased by 58.3%, outperforming the industry growth of 52.1% and the Basic Materials sector's rise of 14.5% [2][4]. Production and Guidance - In Q2, PAAS produced 5.1 million ounces of silver and 178.7 thousand ounces of gold, remaining on track to meet its 2025 guidance of 20-21 million ounces of silver and 735,000-800,000 ounces of gold [13]. Strategic Acquisitions - The acquisition of MAG Silver for $2.1 billion is expected to enhance PAAS's production capabilities, particularly through the Juanicipio mine, which is projected to increase silver output by approximately 35% [14][15]. Market Sentiment and Valuation - PAAS stock is trading above its 50-day and 200-day moving averages, indicating positive market sentiment and confidence in the company's financial health [7]. - The stock is currently valued at a forward price-to-earnings multiple of 14.44X, which is below the industry average of 17.49X [23]. Earnings Estimates - The Zacks Consensus Estimate for PAAS's earnings has increased by 22.98% and 25.93% for 2025 and 2026, respectively, with projected earnings of $1.98 per share for 2025, reflecting a 150.6% year-over-year increase [16][18]. Long-Term Growth Potential - PAAS is positioned for long-term growth with a diversified asset base and ongoing investments in production optimization and environmental performance improvements [19][20][21].
X @Forbes
Forbes· 2025-08-13 17:59
Hedge fund trader James Litinsky turned a $20 million distressed bonds bet into a billion-dollar mining fortune—with a little help from Uncle Sam and the Chinese.Read more: https://t.co/ZJ7EuKxS3A https://t.co/yYuPM8cch6 ...
X @The Economist
The Economist· 2025-08-13 17:10
Confronted with a ban on the vital resources, other countries will find ways around shortages. We explain why China’s grip on rare earths might not be as strong as you think https://t.co/9jrdfMOJML ...