Latest news with #GreatBear
Yahoo
25-02-2025
- Business
- Yahoo
Business helping gluten free people enjoy the food they eat
SIOUX FALLS, S.D. (KELO) —Around 1% of the U.S. population has celiac disease, with even more people having a gluten sensitivity. A local business is giving all of those people more options when they're in the kitchen. Great Bear hosts race supporting Special Olympics skier While she spends a lot of time in the kitchen now, Jennifer Johnson used to spend her days in a much different setting. 'I've been in banking for 22 years. And during that time I was also gluten free,' Gluten Free Please owner and operator, Jennifer Johnson said. And, she faced an all too common struggle. 'I didn't want to cook separate meals for my family and they did not like what was out there on the market. And so I had to start improvising and figuring out what would work for me and my family and make it so it tasted good,' Johnson said. In 2023, she made the jump to focus on her gluten-free baking mix business, Gluten Free she sells her mixes at stores, including Cooks & Bakers Kitchen. 'She came in one day with our Saturday bake shop and made some of her products. We had the customers taste them and they didn't even know they were gluten free until we told them. So then they started really selling,' Cooks & Bakers Kitchen Owner, Joanne Bogus said. To make Johnson's Banana Bread Cake Mix you just need eggs, oil, and bananas. 'So we have customers that make it into muffins. We have some people that add nuts to it. You can also make it vegan so you can use ground flaxseed or applesauce and not use the eggs,' Johnson said. Helping people who can't eat gluten, enjoy the food they can eat. 'It's a serious medical condition. Especially if you're celiac. And it can be life-threatening,' Bogus said. 'It's frustrating. There aren't many options out there on the market, especially with our baking mixes being gluten free, soy free, dairy free and nut free. And so that's important to us, to give people control in their kitchen and let them make things how they want,' Johnson said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-02-2025
- Climate
- Yahoo
Orange ‘snow moon' spotted in KELOLAND Thursday
SIOUX FALLS, S.D. (KELO) — An orange 'snow moon' appeared in KELOLAND Thursday night. Great Bear adjusting hours ahead holiday weekend KELOLAND's Chief Photographer Kevin Kjergaard captured the full moon's orange color as it was coming up over the horizon Thursday night. A full moon in February is called a snow moon due to the heavy snowfall during this time of year. According to NASA, tribes in the northeastern U.S. created the term. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-02-2025
- Business
- Yahoo
Kinross Gold Corp (KGC) Q4 2024 Earnings Call Highlights: Record Free Cash Flow and Strategic ...
Q4 Production: 501,000 ounces. Full Year Production: 2.13 million ounces. Q4 Sales: 518,000 ounces. Q4 Cost of Sales: $1,096 per ounce. Q4 All-in Sustaining Costs (AISC): $1,510 per ounce. Full Year Cost of Sales: $1,021 per ounce. Full Year AISC: $1,388 per ounce. Q4 Operating Margin: $1,567 per ounce sold. Full Year Operating Margin: $1,372 per ounce. Q4 Adjusted Earnings: $0.20 per share. Full Year Adjusted Earnings: $0.68 per share. Q4 Adjusted Operating Cash Flow: $640 million. Full Year Adjusted Operating Cash Flow: $2.1 billion. Q4 Attributable CapEx: $279 million. Full Year Attributable CapEx: $1.05 billion. Q4 Attributable Free Cash Flow: $434 million. Full Year Attributable Free Cash Flow: $1.34 billion. Cash and Total Liquidity: $612 million in cash and $2.3 billion total liquidity. Net Debt Reduction: Reduced by approximately $1.4 billion over 24 months. Net Debt to EBITDA: Reduced from 1.7x to 0.3x as of year-end. 2025 Production Guidance: 2 million ounces. 2025 Cost of Sales Guidance: $1,120 per ounce. 2025 AISC Guidance: $1,500 per ounce. 2025 CapEx Guidance: $1.15 billion. Warning! GuruFocus has detected 8 Warning Signs with KGC. Release Date: February 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kinross Gold Corp (NYSE:KGC) delivered a strong fourth quarter, producing over 500,000 ounces and achieving full-year production of 2.13 million ounces, in line with guidance. The company generated record free cash flow of $1.34 billion for the full year, more than doubling from the previous year. Kinross Gold Corp (NYSE:KGC) successfully repaid its $1 billion term loan, significantly reducing its net debt by approximately $1.4 billion over the last 24 months. The Great Bear project reached an important milestone with the release of the Preliminary Economic Assessment (PEA), confirming its top-tier potential with an estimated average annual production of 500,000 ounces at an all-in sustaining cost of $800 per ounce. Kinross Gold Corp (NYSE:KGC) demonstrated a strong commitment to sustainability, completing over 15 energy efficiency projects and receiving a Sustainability Award from the Canadian Council for the Americas. Cost of sales and all-in sustaining costs increased by approximately 10% compared to the previous year, driven by structural changes in the portfolio and modest cost inflation. Production from Tasiast is expected to be lower in 2025 due to mine plan sequencing and lower grades, impacting overall production costs. The company faces ongoing permitting challenges, particularly with the Great Bear project, which could impact future production timelines. Kinross Gold Corp (NYSE:KGC) anticipates a cash outflow in the first quarter of 2025 due to tax payments and interest obligations, affecting short-term liquidity. Despite strong cash flow generation, the company remains cautious about initiating share buybacks, balancing this with maintaining a strong balance sheet and future debt repayments. Q: How many days was the Tasiast operation down in the fourth quarter? A: Claude Schimper, Executive Vice-President and Chief Operating Officer, stated that the Tasiast operation was down for about 4 to 5 days for maintenance activities such as relining and changing wells. Despite entering a lower-grade section, the throughput average for the quarter was maintained. Q: What is driving the higher throughput at Tasiast, and do you expect it to continue? A: The company has been able to achieve higher throughput by utilizing spare capacity and continuous improvement initiatives. The plant is designed to run an average of 24,000 tonnes per day, with some days exceeding this to balance out lower days. The focus is on maintaining recovery levels without pushing the plant too hard. Q: How is the underground exploration at Round Mountain being captured in reserves and resources? A: Currently, there is no underground reserve or resource at Phase X at Round Mountain. The resources on the books are all open pits. The company is conducting infill drilling to establish an initial underground resource by the end of the year. Q: What is the status of the share buyback program, and how does the current share price affect it? A: Rollinson, CEO, mentioned that the company sees its shares as undervalued and is considering a share buyback. The decision will be balanced and focused, taking into account the current gold price environment and the company's valuation. Q: What is the expected impact of tax rates on the company's financials? A: Andrea S. Freeborough, CFO, explained that the company became income taxable in Mauritania in 2024, contributing to higher cash tax guidance. The increase is also due to higher gold prices impacting taxes in Brazil and Chile. The company expects to pay tax installments throughout 2025. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
