Latest news with #TSX
Yahoo
3 hours ago
- Business
- Yahoo
Barrick Reports Share Repurchases and Declares Enhanced Q2 Dividend
All amounts expressed in US dollars TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) ('Barrick' or the 'Company') today announced the declaration of an enhanced dividend of $0.15 per share for the second quarter of 2025. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q2 2025 dividend will be paid on September 15, 2025 to shareholders of record at the close of business on August 29, 2025. In addition to the enhanced quarterly dividend, Barrick repurchased 13.50 million shares during Q2 under the share buyback program that was announced in February 2025. As of the end of Q2, Barrick has repurchased approximately 21.19 million shares under this year's program, or approximately 1.2% of Barrick's issued and outstanding shares at the time the program was announced, for net cash of $411 million, including $268 million paid during Q2. 'The combination of the performance dividend policy and share buyback program allow us to provide significant benefits to our shareholders,' said senior executive vice-president and chief financial officer Graham Shuttleworth. 'Along with our solid operating performance, strong cash flows and strategic initiatives, we continue to provide meaningful returns while maintaining a robust balance sheet.' About Barrick Mining Corporation Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry — including six of the world's Tier One gold mines — Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol 'B' and on the Toronto Stock Exchange under the symbol 'ABX'. Enquiries Group investor and media relationsKathy du Plessis+44 20 7557 7738barrick@ Cautionary Statement on Forward-Looking Information Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes 'forward-looking statements'. All statements, other than statements of historical fact, are forward-looking statements. The words 'will', 'perform', 'maintain', 'growth' and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to Barrick's operating and financial performance, liquidity available to invest in growth projects, and the potential for Barrick to deliver enhanced dividends to shareholders under its Performance Dividend Policy. Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in jurisdictions in which the Company or its affiliates do or may carry on business in the future; fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; assumptions relating to the trading price of the Company's common shares; changes in mineral production performance, exploitation, and exploration successes; disruption of supply routes which may cause delays in construction and mining activities at Barrick's more remote properties; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in U.S. trade, tariff and other controls on imports and exports, tax, immigration or other policies that may impact trade relations with foreign countries, result in retaliatory policies, lead to increased costs for raw materials and components, or impact Barrick's existing operations and material growth projects; the impact of inflation; fluctuations in the currency markets; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's handling of environmental matters or dealings with community groups, whether true or not; the possibility that future exploration results will not be consistent with the Company's expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics; litigation and legal and administrative proceedings; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, the Company; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; risks related to the failure of internal controls; risks related to the impairment of the Company's goodwill and assets; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development, and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this press release. Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
3 hours ago
- Business
- Winnipeg Free Press
Tech stocks help lift S&P/TSX composite higher, U.S. stock markets mixed
TORONTO – Strength in technology stocks helped lift Canada's main stock index in late-morning trading, while U.S. markets were mixed. The S&P/TSX composite index was up 35.34 points at 27,794.02. In New York, the Dow Jones industrial average was down 143.06 points at 44,032.55. The S&P 500 index was down 0.09 points at 6,389.36, while the Nasdaq composite was up 35.81 points at 21,485.83. The Canadian dollar traded for 72.51 cents US compared with 72.72 cents US on Friday. The September crude oil contract was down nine cents US at US$63.79 per barrel. The December gold contract was down US$87.00 at US$3,404.30 an ounce. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published Aug. 11, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Market Online
5 hours ago
- Business
- The Market Online
TSX Climbs While Gold and Gas Get Knocked Down
Canadian equity futures were in the green as traders fixate on the August 15 Alaska summit, where Trump and Putin will try to broker an end to the war in Ukraine. Market Numbers (Futures) TSX : Up ( 0.17%) 27,805.87TSXV: Down (0.23%) 787.22DOW: Up (0.28%) 44,401.00NASDAQ: Up (0.10%) 23,7378.00 FTSE: Up (0.31%) 9,123.93 In the Headlines: Kia is calling back nearly 10,000 Tellurides and K5s over loose trim that could detach and spark road chaos—owners will get notified by mail as dealers prep free fixes. And Over 10,000 flight attendants staged synchronized pickets at four major airports on Sunday, Montreal, Toronto, Vancouver, and Calgary, upping the ante in contract talks as a strike looms as early as August 16 if no deal lands. Currencies Update: (Futures) The Canadian dollar slips 0.25% to US$0.7253, eases off 0.10% against the euro to $0.6234, while Bitcoin rips 1.67% higher, to land at CDN$160,008.08. Commodities: (Futures) Natural Gas: Down (1.50%), 2.95WTI: Up (0.59%), 64.26Gold: Down (1.35%), 3,352.76 Copper: Down (0.50%) 6.00 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
The Market Online
5 hours ago
- Business
- The Market Online
Ballard Power boosts revenue, cuts costs in Q2 2025
Ballard Power Systems' (TSX:BLDP) Total revenue rose 11 per cent year-over-year to US$17.8 million, driven by a 22 per cent increase in heavy-duty mobility, especially in bus and rail deliveries across North America and Europe Gross margin improved by 24 percentage points, while cash operating costs dropped 27 per cent to US$22.7 million, reflecting the impact of 2024 restructuring efforts Order backlog declined 7 per cent to US$146.2 million due to soft intake and removal of high-risk orders Ballard Power Systems stock (TSX:BLDP) opened trading at C$2.49 Ballard Power Systems (TSX:BLDP) announced its consolidated financial results for the second quarter ended June 30, 2025. The company reported notable year-over-year improvements in revenue and operating efficiency, reflecting the impact of its 2024 restructuring initiatives. This article is disseminated in partnership with Ballard Power Systems Inc. It is intended to inform investors and should not be taken as a recommendation or financial advice. Q2 2025 financial highlights Total revenue rose to US$17.8 million , an 11 per cent increase compared to Q2 2024, driven primarily by growth in the Heavy-Duty Mobility segment. rose to , an compared to Q2 2024, driven primarily by growth in the Heavy-Duty Mobility segment. Heavy-duty mobility revenue reached US$16.1 million , up 22 per cent year-over-year , with strong deliveries in bus and rail applications across North America and Europe. reached , up , with strong deliveries in bus and rail applications across North America and Europe. Gross margin improved significantly to (8 per cent) , a 24-point increase from the prior year, attributed to reduced manufacturing overhead and fewer onerous contract provisions. improved significantly to , a from the prior year, attributed to reduced manufacturing overhead and fewer onerous contract provisions. Total operating expenses were US$31.7 million , down 12 per cent , including US$6.3 million in restructuring and other charges. Excluding these charges, expenses fell 30 per cent year-over-year . were , down , including in restructuring and other charges. Excluding these charges, expenses fell . Cash operating costs dropped 27 per cent to US$22.7 million , reflecting the leaner global cost structure. dropped to , reflecting the leaner global cost structure. Cash used by operating activities was US$20.3 million , a sharp improvement from US$35.1 million in Q2 2024. was , a sharp improvement from in Q2 2024. Adjusted EBITDA improved to (US$30.6) million, compared to (US$35.4) million last year, driven by better margins and lower operating costs. Order backlog and market outlook The hydrogen fuel cell solution provider's order backlog stood at US$146.2 million at the end of Q2, down 7 per cent from Q1 2025 due to soft order intake and the removal of high-risk orders. The 12-month Orderbook declined to US$84.3 million, a 9 per cent decrease from the previous quarter. Despite the backlog decline, Ballard remains optimistic about the second half of 2025. The company expects revenue to be back-half weighted, with further updates to guidance anticipated following additional restructuring actions taken in July. 2025 guidance ranges Total operating expense (excluding restructuring): US$100 – US$120 million US$100 – US$120 million Capital expenditure: US$15 – US$25 million Ballard did not provide specific revenue or net income guidance, citing the early-stage nature of the hydrogen fuel cell market. Segment performance Bus revenue fell 20 per cent to US$8.8 million , while rail revenue surged to US$7.2 million , up from zero in Q2 2024. fell 20 per cent to , while surged to , up from zero in Q2 2024. Truck and marine segments saw steep declines, while stationary and emerging markets remained relatively flat. 'We have made progress with respect to improving our financial performance and with our recently announced strategic realignment we have established a core goal to achieve positive cash flow by year-end 2027' Marty Neese, Ballard's new president and CEO said in a news release. 'Our focus needs to be on real, near-term opportunities where Ballard delivers clear value along with a sustainable business model that emphasizes operational excellence and cost discipline.' About Ballard Power Systems Inc. Ballard manufactures zero-emission fuel cells for buses, commercial trucks, trains, marine vessels and stationary power. Ballard Power Systems stock (TSX:BLDP) opened trading 0.40 of a per cent lower at C$2.49 and has risen 3.35 per cent since the year began but has lost 1.59 per cent since time last year. Join the discussion: Find out what the Bullboards are saying about Ballard Power Systems and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
Reuters
5 hours ago
- Business
- Reuters
TSX opens flat with geopolitics, tariff developments, US data in focus
Aug 11 (Reuters) - Canada's main stock index opened flat on Monday as investors avoided making big bets, awaiting upcoming U.S.-Russia talks, trade turmoil and pivotal U.S. inflation data later in the week. At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), opens new tab was up 0.04% at 27,770.57 points.
