In today’s briefing:
- Newmont Corporation: What Is Their Portfolio Optimization Strategy? – Major Drivers
- Valeura Energy (TSX: VLE): Wassana production restart
- Lake Victoria Gold Ltd – Mining Monthly: July Edition
- Crown Holdings Inc.: Favorable Market Trends & Consumer Shifts Are Major Tailwinds! – Major Drivers
- International Paper Company: These Are The 6 Crucial Elements Driving Its Performance In 2024 & 2025! – Major Drivers
- Stella Chemifa (4109 JP) – Showing Signs of Early Growth
Newmont Corporation: What Is Their Portfolio Optimization Strategy? – Major Drivers
- Newmont Corporation reported strong second quarter results, keeping the company well-aligned with its 2024 guidance and reinforcing its position to improve financial performance as the year progresses.
- In the quarter under review, Newmont achieved a production of 1.6 million ounces of gold, alongside 477,000 gold equivalent ounces from other minerals including copper, leading to a solid cash flow generation of $1.4 billion from operations and $594 million in free cash flow.
- These figures underscore the company’s robust operational achievements despite the usual challenges faced in the mining sector.
Valeura Energy (TSX: VLE): Wassana production restart
- Through advanced underwater inspection, including magnetic particle inspection, Valeura has concluded that the observed anomaly (a crack within a weld) on the Wassana MOPU is superficial, and accordingly does not constitute a risk to the structural integrity of the facility.
- Valeura has begun the process of restarting production operations and anticipates achieving pre-suspension oil production rates of ~5,000 bbl/d within a week.
- Valeura is looking to accelerate the redevelopment of the Wassana field.
Lake Victoria Gold Ltd – Mining Monthly: July Edition
- July was the second consecutive negative month for all 17 metals in our coverage except for gold, however, mining equities largely outperformed.
- As anticipated in our last Mining Monthly, the June sell-off marked a great buying opportunity in the metals equities.
- We are excited by the continued outperformance in the mining sector compared to broader markets as we believe this will begin attracting generalist investors to the space.
Crown Holdings Inc.: Favorable Market Trends & Consumer Shifts Are Major Tailwinds! – Major Drivers
- Crown Holdings’ recent earnings report highlights a mix of positive and challenging aspects for the company.
- The company reported earnings of $1.45 per diluted share, an increase from $1.31 in the prior year.
- Adjusted earnings were also higher, at $1.81 per diluted share compared to $1.68 in the previous year.
International Paper Company: These Are The 6 Crucial Elements Driving Its Performance In 2024 & 2025! – Major Drivers
- International Paper recently reported its quarterly earnings, providing a mixed picture of its current financial health and operational performance.
- The company, which operates in the packaging and paper industry, highlighted some areas of strength but also acknowledged several ongoing challenges.
- The earnings call revealed key insights into the company’s strategy, performance, and outlook, offering investors a balanced view of the opportunities and risks associated with the stock.
Stella Chemifa (4109 JP) – Showing Signs of Early Growth
- Stella Chemifa Corporation (hereafter referred to as “the Company”) specializes in the manufacture and sale of hydrofluoric acid and fluorine- related compounds.
- Hydrofluoric acid is highly functional and used in a wide range of applications, as well as being extremely toxic and corrosive, making it extremely difficult to handle.
- In particular, ultra-high purity hydrofluoric acid is required for semiconductor manufacturing, and the Company, with its strong R&D and technological capabilities, has enjoyed great success in this area.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
