Daily Brief Energy/Materials: Wanguo International Mining, Intl Flavors & Fragrances, New Zealand Energy, DuPont, Fortescue Metals, Corbion NV, Devon Energy, Suncor Energy, Thungela Resources, Allegiant Gold and more

• Wanguo International Mining (3939 HK) is looking to raise upto US$96m via a 2.1% stake sale, while Prominent Investment Holding is looking to pare down another 0.7%, to raise US$32m.
• The company intends to use the proceeds towards funding the expansion of its Gold Ridge Mine in the Solomon Islands, along with other business development purposes.
• In this note, we will talk about the placement and run the deal through our ECM framework.

• The recent financial results for International Flavors & Fragrances Inc. (IFF) reveal a balanced but challenging landscape for the company, marked by both growth strides and headwinds across various business segments.
• In the second quarter of 2025, IFF reported a revenue increase of over 3% year-over-year, reaching just above $2.75 billion.
• Additionally, the adjusted operating EBITDA grew by approximately 6% to $552 million, with a margin improvement of 50 basis points.

• Monumental Energy reports that Copper Moki-1 and Copper Moki-2 are currently producing a combined 125 bbl/d, with rates trending upwards as pump speeds are gradually increased.
• Reflecting this momentum, we are revising our gross production estimate for Copper Moki from 125 boe/d to 180 boe/d (~175 bbl/d) for Q4 2025.
• The Ngaere-1 pipeline was recommissioned in July with initial production from the well exceeding 400 bbl/d (200 bbl/d net to New Zealand Energy’s 50% working interest).

• DuPont reported its second quarter 2025 financial results, highlighting a robust performance marked by organic sales growth and increased profitability.
• Sales reached $3.3 billion, reflecting a 2% organic growth compared to the previous year, while operating EBITDA increased by 8% to $859 million.
• This resulted in an EBITDA margin of 26.4%, up 120 basis points year-over-year.

• Timing:Fortescue (FMG AU) is scheduled to report its FY2025 full-year results on Tuesday, 26 August 2025.
• Highlight: The options market provides estimates for the anticipated price move and the upcoming dividend. Implied volatility is projected to decline post-event; this Insight maps the resulting term structure.
• Why Read: Get the expected move, the dividend outlook, and a clear view of the post-event volatility term structure to be ready for results day.

• In today’s edition: • a.s.r. | very strong performance on all fronts in 1H25 • Corbion | to cooperate with KAS developing natural Astaxanthin • SBM Offshore | Petrobras postpones Campos basin FPSO tender

• Devon Energy Corporation’s latest quarterly results reveal a blend of operational, financial, and strategic activities that highlight both its accomplishments and challenges.
• The company has surpassed expectations with its production performance, particularly from its asset in the Delaware Basin, while also achieving a 7% reduction in capital spending from guided figures.
• This effective cost management and operational excellence generated a significant free cash flow of $589 million for the quarter.

• Suncor Energy’s recent earnings call highlights a quarter marked by numerous operational milestones and strategic financial adjustments.
• Suncor reported record upstream production and refining throughput, achieving the highest second-quarter numbers in company history.
• Upstream production reached 831,000 barrels per day, surpassing the previous record by 28,000 barrels.

Key points (machine generated)

• Thungela operates in the declining thermal coal sector but maintains a strong balance sheet with 90% net cash relative to market cap.
• The company offers a 15% dividend yield and 4% from share buybacks, projecting a 20% free cash flow yield under moderate coal prices.
• The report will analyze the thermal coal industry’s outlook, Thungela’s production capabilities, and the risks associated with the transition to lower-emission energy sources.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• The Castle Project was approved for a multi-year exploration program, clearing the path for 145+ drill pads and large-scale work.
• Allegiant consolidated full ownership of the Bolo Project by acquiring the remaining 49.99% interest from CopAur Minerals.
• The Company is expected to close on a $10.5M upsized financing shortly, supporting an 18,000m drill program at Eastside.