Western Copper: Q1 Earnings Snapshot
VANCOUVER, British Columbia — VANCOUVER, British Columbia — Western Copper and Gold Corp. (WRN) on Thursday reported a loss of $444,000 in its first quarter.
The Vancouver, British Columbia-based company said it had a loss of less than 1 cent on a per-share basis.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRN at https://www.zacks.com/ap/WRN
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
33 minutes ago
- Bloomberg
Mexico's Coppel to Invest $4.2 Billion in E-Commerce, New Stores
By and Valentine Hilaire Save Grupo Coppel SA, Mexico's largest private retailer, will spend 80 billion pesos ($4.2 billion) over five years on investments including a new e-commerce platform to double the portion of digital transactions to 20% of total sales. BanCoppel, its banking branch, will use part of the investment to add 3 million customers from the unbanked population, the company said in a statement. Dozens of brick-and-mortar shops will also be added, Coppel said.
New York Times
44 minutes ago
- New York Times
Meta in Talks to Invest Billions in Scale AI
Meta, which owns Facebook and Instagram, is in advanced talks to invest billions of dollars in Scale AI, a start-up focused on data used by artificial intelligence companies, according to two people with knowledge of the matter. The potential investment is a sign that large tech companies remain interested in start-ups focused on A.I. amid a heated contest to be a leader in the technology. If an investment happens, it will be an outlier for Meta, which typically does not invest in outside companies. Meta and Scale declined to comment. Bloomberg reported earlier on the talks. Mark Zuckerberg, Meta's chief executive, has pushed heavily into A.I. in recent years. Since OpenAI released its ChatGPT chatbot in late 2022, Mr. Zuckerberg has leaned into incorporating A.I. across Meta's products, including in smart glasses and a recently released app, Meta AI. Founded in San Francisco by Alexandr Wang and Lucy Guo in 2016, Scale AI built a business with armies of contract workers who sift through vast amounts of data, labeling and 'cleaning' the information to make it easier to use to train A.I. systems. Scale sells its services to companies like Microsoft, Cohere, Etsy and OpenAI. Scale AI has raised more than $1 billion from a mix of investors, including the venture capital firms Index Ventures and Founders Fund. More recently, Scale AI has worked to build its enterprise and public sector businesses, dispatching consultants and engineers to work with companies and governments to help build programs that use A.I. In recent years, Meta has encouraged programmers to use its freely available open source A.I. models to build A.I. apps across the private and public sectors. In November, Meta announced that it would allow U.S. government agencies and contractors working on national security to use its A.I. models for military purposes, a shift from its previous policy. The company teamed up with the defense contractors Booz Allen and Lockheed Martin on the initiatives, along with start-ups including Scale.
New York Times
an hour ago
- New York Times
BlackRock Is Accused of a Plot Against Coal. The Firm Says That's ‘Absurd.'
Did some of the biggest investors in the world buy up shares in coal companies to force them to produce less coal? An unusual lawsuit in Texas claims that investment firms including BlackRock, Vanguard and State Street did just that, illegally colluding with one another to reduce coal production as part of a conspiracy to fight climate change. In a federal court in Texas on Monday, a lawyer for BlackRock told a judge that the claims 'defy economic reality' and that the lawsuit should be dismissed. 'The complaint ignores that the coal market has been declining for decades for a host of reasons well before this alleged conspiracy,' said Gregg Costa, a lawyer with the firm Gibson Dunn, speaking on behalf of all three defendants. A lawyer for Texas, which filed the suit late last year along with 10 other states, said BlackRock's chief executive, Laurence D. Fink, has written in the past that corporations should set targets for greenhouse-gas reductions. For coal companies, that means 'reducing output,' said the lawyer, Brian Barnes of the firm Cooper & Kirk. Texas, a major oil- and gas-producing state, has taken aggressive action against financial companies over climate issues, including enacting a law that bars state entities from doing business with investment firms that the comptroller says are boycotting energy companies. In January, the Texas attorney general, Ken Paxton, and 10 other state attorneys general sent a letter to financial institutions warning that their policies on climate and environment, as well as diversity, 'could lead to enforcement actions.' As power has changed in Washington, financial firms have walked back their messaging and participation in climate action groups. The complaint in the Texas case noted that BlackRock and State Street had already withdrawn from a trade association known as Climate Action 100+. (Vanguard had not been a member.) The firms have also exited the Net Zero Asset Managers Initiative, which had been a target of criticism from the right. Want all of The Times? Subscribe.
