Marcus Corporation Increases Quarterly Dividend
'Throughout Marcus Corporation's 90-year history, we have demonstrated a steadfast commitment to returning capital to our shareholders through consistent quarterly dividend payments. Prior to the pandemic, we proudly delivered 45 consecutive years of dividends – a legacy we resumed in 2022 and strengthened in 2023,' said Gregory S. Marcus, chairman and chief executive officer of Marcus Corporation. "Today, we are pleased to raise the quarterly cash dividend once again thanks to the continued financial performance of our company, the strength of our balance sheet and our Board's confidence in our ability to support a growing dividend.'
The Board of Directors also declared a dividend of $0.073 per share on the Class B common stock. The dividend on the Class B common stock, which is not publicly traded, will also be paid September 15, 2025, to shareholders of record on August 25, 2025.
About Marcus Corporation
Headquartered in Milwaukee, Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. Marcus Corporation's theatre division, Marcus Theatres ®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 985 screens at 78 locations in 17 states under the Marcus Theatres, Movie Tavern ® by Marcus and Bistro Plex ® brands. The company's lodging division, Marcus ® Hotels & Resorts , owns and/or manages 16 hotels, resorts and other properties in eight states. For more information, please visit the company's website at www.marcuscorp.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
10 minutes ago
- National Post
Gold Resource Corporation Reports Financial Results for the Second Quarter of 2025
Article content DENVER — Gold Resource Corporation (NYSE American: GORO) (the 'Company') is pleased to announce its second quarter operational results from its Don David Gold Mine ('DDGM') near Oaxaca, Mexico. Article content 'While production remained lower than we would like in the second quarter of 2025, we are starting to see the hard work we have been performing start to pay off,' said Allen Palmiere, President and CEO. 'We have secured the additional funding we needed through ATM sales and a loan that we finalized at the end of the quarter. With this capital, we have been able to place orders for much needed equipment to begin to replace our existing aging fleet, and we have also ordered a third dry stack filter press to increase processing throughput and increase return. We have also engaged Cominvi Servicios, an experienced underground mining contractor, to accelerate the development of the Three Sisters vein systems. These initiatives are part of the disciplined execution plan we have been communicating, and we are excited to see them start moving forward.' Article content Don David Gold Mine: Article content In the second quarter of 2025, DDGM, located in Mexico, produced and sold a total of 2,420 gold equivalent ('AuEq') ounces, comprised of 878 gold ounces and 150,365 silver ounces at an average sales price per ounce of $3,350 and $34.35, respectively. During the second quarter, underground definition and ore control drilling progressed as planned at the Three Sisters vein system, with continued focus on the Sandy and Sadie vein sets. Positive results from this work have contributed to an improved geologic model, supporting near-term production planning. Additional definition drilling was also completed on the Splay 31 and Candelaria veins within the Arista vein system. The objective of these drilling programs is to maximize potential economic returns from near-term production across both vein systems. While underground exploration drilling remains suspended, new step-out targets have been identified at both Three Sisters and Arista for future drill testing. Exploration drilling is expected to resume following the completion of the necessary development and improvements in the Company's working capital position. Article content Corporate and Financial: Article content The Company has $10.4 million in working capital and $12.7 million in cash as of June 30, 2025. In the second quarter, the Company made some strategic changes in management and at the board level. On June 18, 2025, Peter Gianulis was appointed to the board as a director and as a member of the Audit Committee and the Compensation Committee. Additionally, Armando Alexandri, a mining engineer with more than 40 years of operational and executive experience in the industry, was added to the team as the new Chief Operating Officer. On June 26, 2025, the Company executed a loan agreement with Private Investors in the amount of $6.28 million, to be used for working capital. In connection with the loan agreement, the Company issued a common stock purchase warrant to an affiliate of the Private Investors for the purchase of up to 1,500,000 shares of the Company's common stock at an exercise price per share of $0.65. Net loss was $11.5 million or $0.09 per share for the quarter, which was mainly attributable to lower production and a decrease in net sales. Production was significantly impacted by two key constraints: the reduced availability of critical mining equipment due to an aging fleet and a shortage of alternative ore production headings to maintain output. Total cash cost after co-product credits for the quarter was $4,017 per AuEq ounce, and total all-in sustaining cost ('AISC') after co-product credits for the quarter was $5,458 per AuEq ounce. (See Item 2—Management's Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Measures for a reconciliation of non-GAAP measures to applicable U.S. GAAP measures). Article content Liquidity Update: Article content Tonnes produced from the mining operations at DDGM in 2025 remained lower than in the previous year, and except for silver, grades were lower as well. There are several factors that caused these declines. The Company continues to encounter significant issues with equipment availability due to the age and condition of some of the critical mining equipment in use at the mine. Due to the challenges with equipment availability, the Company was not able to maintain its projected timeline for the development of future production zones. As a result, the Company is currently mining only one face at a time in areas that are accessible. The current lack of other available production zones has placed additional pressure on the Company's ability to achieve its production estimates, as any problems encountered at the current production zone cannot be offset by production elsewhere in the mine. In addition, the mill continued to experience mechanical issues that resulted in lower throughput, and when combined with the lower tonnes mined, resulted in a production shortfall. To minimize the mechanical issues and return the mine to a cash positive position, the Company engaged a third-party contract miner during the second quarter and started to upgrade its mining fleet. The Company believes that the mine has potential to generate positive cash flow based on the information to date from the new areas of the Three Sisters, as well as other areas that have been discovered near the existing mining zones. In order to develop access and better define these new areas, an investment must be made in the equipment and mine plan. Without the addition of these areas to the life-of-mine plan, the Company does not believe that the mine will generate sufficient free cash flow in the near term. Article content The Company's inability to achieve its production estimates and continued operating losses have created substantial doubt about its ability to continue as a going concern. The Company previously announced that it would require approximately $7.0 million to obtain additional mining equipment and for mill upgrades. Management is currently looking to reduce the amount necessary for mining equipment purchases by purchasing used equipment in good condition and using a third-party contractor that will provide its own equipment. In addition to the above-mentioned equipment and mill upgrades, the Company also expects to require approximately $8.0 million in working capital over the next 12 months in order to fund the initial development to access the Three Sisters and Splay 31 systems, although not all of this capital will be required immediately. Article content The Company raised $2.5 million through a registered direct offering in January 2025. Further, in February 2025, the Company sold its interest in Green Light Metals for $0.9 million. In the second quarter of 2025, the Company raised approximately $5.6 million through its At-The-Market Offering ('ATM') Program, after deducting the agent's commissions and other expenses. Year-to-date 2025, the Company has raised approximately $8.6 million, after deducting the agent's commissions and other expenses, through its ATM Program and intends to utilize it further to raise capital, as required, throughout the year. Article content On May 7, 2025, the Company received the previously disclosed tax refund of 76 million pesos from the overpayment of Mexico taxes by DDGM in 2023, plus an inflation adjustment, for a total of 79.6 million pesos (approximately $4.0 million). Additionally, on June 26, 2025, the Company executed a loan agreement with Private Investors in the amount of $6.28 million, to be used for working capital. In connection with the loan agreement, the Company issued a common stock purchase warrant to an affiliate of the Private Investors for the purchase of up to 1,500,000 shares of the Company's common stock at an exercise price per share of $0.65, the aggregate exercise proceeds of which may provide additional funds for the Company. For the six months ended June 30, 2025, the Company has raised $21.3 million through the ATM, direct offering, the tax refund, and the loan. However, there can be no assurances that the revenue will be sufficient to generate profits and positive cash flows from operations in the future, and the Company may be compelled to place the mine on 'care and maintenance' status and cease operations until sufficient capital is available. Article content If the Company is unable to successfully develop the new mining areas, the continued operation of the mine may not be possible beyond the third quarter of 2026. If continued operation of the mine is not possible, the Company may be compelled to place the mine on 'care and maintenance' status, which would likely trigger significant severance and other costs, which the Company may not be able to pay. Article content 2024 2025 2025 Q1 Q2 Q3 Q4 Q1 Q2 Operating Data Total tonnes milled 98,889 93,687 83,690 80,367 56,906 63,479 Average Grade Gold (g/t) 1.89 1.27 0.54 0.64 0.70 0.56 Silver (g/t) 88 102 83 94 169 115 Copper (%) 0.37 0.26 0.19 0.20 0.18 0.13 Lead (%) 1.25 1.00 1.01 1.12 0.72 0.88 Zinc (%) 2.82 2.59 2.63 2.73 1.68 2.72 Metal production (before payable metal deductions) Gold (ozs.) 4,757 2,947 944 1,258 903 758 Silver (ozs.) 251,707 263,023 194,525 210,581 257,285 196,435 Copper (tonnes) 280 181 93 88 54 50 Lead (tonnes) 812 616 576 678 272 373 Zinc (tonnes) 2,310 2,020 1,741 1,734 699 1,380 Metal produced and sold Gold (ozs.) 3,557 2,724 1,357 960 859 878 Silver (ozs.) 216,535 234,560 181,434 184,804 230,320 150,365 Copper (tonnes) 264 197 98 82 50 43 Lead (tonnes) 667 491 467 548 277 272 Zinc (tonnes) 1,682 1,771 1,473 1,360 617 1,060 Average metal prices realized Gold ($ per oz.) $ 2,094 $ 2,465 $ 2,561 $ 2,706 $ 2,956 $ 3,350 Silver ($ per oz.) $ 23.29 $ 30.49 $ 30.61 $ 31.11 $ 32.54 $ 34.35 Copper ($ per tonne) $ 8,546 $ 10,428 $ 8,832 $ 8,969 $ 9,656 $ 9,619 Lead ($ per tonne) $ 1,977 $ 2,235 $ 2,065 $ 1,897 $ 1,950 $ 1,887 Zinc ($ per tonne) $ 2,483 $ 2,871 $ 2,854 $ 3,062 $ 2,710 $ 2,607 Gold equivalent ounces sold Gold Ounces 3,557 2,724 1,357 960 859 878 Gold Equivalent Ounces from Silver 2,408 2,901 2,169 2,125 2,535 1,542 Total AuEq oz 5,965 5,625 3,526 3,085 3,394 2,420 Article content Second Quarter 2025 Conference Call Article content The Company will host a conference call on Wednesday, August 6, 2025, at 12:00 p.m. Eastern Time. Article content The conference call will be recorded and posted to the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Armando Alexandri, Chief Operating Officer, and Chet Holyoak, Chief Financial Officer, will host a live question and answer (Q&A) session. There are two ways to join the conference call. Article content To join the conference via webcast, please click on the following link: To join the call via telephone, please use the following dial-in details: Article content Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above. Article content About GRC: Article content Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the Company's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit the Company's website, located at Article content Forward-Looking Statements: Article content This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking words such as 'plan,' 'target,' 'anticipate,' 'believe,' 'estimate,' 'intend' and 'expect' and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, (i) the success and timing of the Company's contractor negotiations and equipment acquisitions; (ii) Company's anticipated near-term capital needs and potential sources of capital; (iii) the Company's expectations regarding cash flow, productivity and the resumption of exploration drilling; (iv) the Company's belief as to the cash flow potential of DDGM; and (v) the Company's ability to continue to operate the Don David Gold Mine in the absence of additional capital. All forward-looking statements in this press release are based upon information available to the Company as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Forward-looking statements are subject to risks and uncertainties. Additional risks related to the Company may be found in the periodic and current reports filed with the Securities and Exchange Commission by the Company, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which are available on the SEC's website at Article content Article content Article content Article content Contacts Article content Article content Article content
Globe and Mail
10 minutes ago
- Globe and Mail
Small-Caps Stay Higher, Other Indexes Dwindle
Market indexes started the trading day in the green, but had shown signs of choppiness early on. President Trump mentioned adding new tariffs on semiconductor imports, which helped move markets lower across the board. Only the small-cap Russell 2000 was able to recover, and closed up +0.59%. The Dow crept lower by -0.14%, the S&P 500 -0.49% and the tech-heavy Nasdaq was understandably lower, -0.65% for the session. ISM Services Remain Above 50 — Barely A mixed day for monthly services PMI posted after the markets opened this morning: S&P final Services PM I for July gained nearly 3 full points to 55.7 from an unrevised 52.9 the prior month. ISM Services, also out for the month of July this morning, made it to 50.1% — a full percentage point below expectations, and down from the previous month's unrevised 50.8%. Services make up roughly 70% of the U.S. economy, thus growth rests heavily on their shoulders. S&P and ISM Manufacturing reports out last week showed both still below that 50-level, so coming precariously close to that range on ISM Services is seen somewhat as a sign of weakness. Big Afternoon for Q2 Earnings: AMD, SNAP, AMGN & More Advanced Micro Devices AMD posted beats on both top and bottom lines in its Q2 report after today's close. Earnings of 48 cents per share beat the Zacks consensus by a penny (though down significantly from 69 cents per share in the year-ago quarter) on $7.7 billion in revenues, which outpaced the $7.4 billion estimate and represents +32% growth year over year. Revenue guidance was brought up to $8.7 billion from $8.1 billion previously projected by analysts. CEO Lisa Su considers the GPU chipmaker well-positioned for growth in the second half of the year, and we see the better-than-expected results from Q2 in Data Center and Client revenues. Gross Margins were +43% in the quarter, but expected to balloon up to +54% in Q3. Snapchat parent Snap SNAP posted a much weaker-than-expected bottom line result this afternoon: -$0.16 per share versus expectations for +$0.01 in the Zacks consensus, but we presume these are not comparable figures. Revenues came in-line with estimates at $1.34 billion. Shares are down -15% on the news, but SNAP has a history of volatility following an earnings release. Biotech giant Amgen AMGN posted robust beats on both top and bottom lines, with earnings of $6.02 per share on $9.18 billion in revenues well ahead of the projected $5.26 per share and $8.87 billion, respectively. Full-year guidance was in-line on earnings and a tick higher on sales. Shares are giving back -1% from the +15% gains year to date. Analog RF chipmaker Skyworks Solutions SWKS shares are up +9% in late trading on solid beats on both earnings and sales, with $1.33 per share coming in ahead of the $1.24 Zacks consensus on $965 million in revenues, beyond the estimated $939.5 million. Expectations for the present quarter are for $1 billion - $1.3 billion in revenues, and the company raised its dividend yield by +1%, for good measure. SuperMicro SMCI, one of the biggest success stories on Wall Street back in early 2024, missed estimates by 3 cents per share to 41 cents, and came up -3% short on the top line to $5.76 billion. Guidance for next quarter is also down for both top and bottom lines, and shares are falling -14% in after-market trading. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Amgen Inc. (AMGN): Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report Super Micro Computer, Inc. (SMCI): Free Stock Analysis Report Snap Inc. (SNAP): Free Stock Analysis Report
CTV News
40 minutes ago
- CTV News
Second EV parts plant announced in $300 million investment
Another $48 million investment at Minth in Windsor, and an acceleration of the timeline. CTV Windsor's Robert Lothian explains. Faced with market uncertainty, two automotive parts companies are moving ahead with a joint venture in Windsor with the belief there will be some relief. Parts manufacturer Minth Group announced an agreement to venture with AISIN Corporation, a Tier One automotive supplier, on Tuesday morning. Building on a $300 million manufacturing campus announced in April, Minth said they will be moving forward on phase two immediately. Through the partnership, the site will lead to aluminum, steel and polymer-based parts for electric vehicle platforms. A new venture in the electric vehicle sector comes in the midst of uncertainty for the auto sector in Canada. In the face of lower demand and U.S. tariffs, Scott Turpin, the president and CEO of Aisin World Corp. of America, said they're not concerned. 'We made the decision to move forward regardless of the noise that we're hearing right now in this news cycle,' Turpin told reporters. 080525 - Minth Windsor A new venture in the electric vehicle sector comes in the midst of uncertainty for the auto sector in Canada. (Robert Lothian/CTV News Windsor) Since the election of U.S. President Donald Trump, there's been a shift in green policy stateside. In Canada, there has been a decrease in EV sales, and auto leaders have asked for an electric vehicle mandate to be put on hold. 'We think that that is going to be short-lived, that, you know, the two countries will continue to work towards some neutral agreement,' Turpin noted. 'So, we want to make sure that we're not letting politics drive our business decisions.' Located at 5000 Cabana Road East, on approximately 54 acres of surplus land at the Windsor International Airport, this will be the second 150,000 sq. ft. facility. Through the partnership, the site will lead to aluminum, steel and polymer-based parts for electric vehicle platforms. 'Phase two will be tailored for our very important customer,' said William Chin, the Chief Strategy Officer of Minth. 'The equipment going in there will be tailored for the customer, so it will be done in phases when a customer gives us an order for a certain amount of parts.' Though officials wouldn't directly name the customer, a news release states that Japanese-based AISIN is a major supplier of Toyota. The only AISIN plant in Canada is ACI, located in Stratford, supplying Toyota plants in Ontario. 'So we are very honoured to have the opportunity to stand on the shoulders of a giant,' Chin said. Minth's Windsor footprint is expected to include about 1,100 jobs when both facilities are completed. The initial phase is expected to open in Windsor. By this fall, Chin expects they will have hired about 100 people. Based on plans to phase in the workforce, Chin estimated that the plant will be fully staffed by 2027.
