Latest news with #Haile
Yahoo
09-05-2025
- Business
- Yahoo
OceanaGold Corp (OCANF) Q1 2025 Earnings Call Highlights: Record Gold Prices and Strong ...
Revenue: $360 million, supported by a record average realized gold price of $2,858 per ounce. EBITDA: $192 million with an EBITDA margin of 53%. Operating Cash Flow per Share: $0.28. Earnings per Share: $0.14, matching the quarterly record. Free Cash Flow: $69 million, after growth and exploration investments. Cash Balance: Increased by 18% to $228 million. Debt: Zero debt reported. Share Buybacks: $20 million worth of shares repurchased at an average price of $4.03 Canadian per share. Gold Production at Haile: Nearly 52,000 ounces in the first quarter. All-in Sustaining Costs at Haile: $1,551 per ounce, below annual guidance. Gold Production at DIDIPIO: Approximately 21,000 ounces. Copper Production at DIDIPIO: 3,400 tons. All-in Sustaining Costs at DIDIPIO: $1,130 per ounce, below annual guidance. Gold Production at Macraes: 28,000 ounces. Gold Production at Waihi: Around 17,000 ounces. Warning! GuruFocus has detected 4 Warning Signs with PR. Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. OceanaGold Corp (OCANF) reported a strong start to 2025 with first-quarter production, cost, and CapEx performance aligning well with full-year guidance. The company achieved profit and free cash flow significantly ahead of market expectations, benefiting from increased gold prices. OceanaGold Corp (OCANF) maintained a strong balance sheet with zero debt and increased cash holdings by nearly 20% by the end of the quarter. The company reported a record quarterly average realized gold price of $2,858 per ounce, contributing to a strong EBITDA margin of 53%. OceanaGold Corp (OCANF) continued to fund growth projects, maintain a strong balance sheet, pay dividends, and repurchase shares, reflecting disciplined capital allocation. The company faces potential risks related to the approval timeline for the Waihi North project in New Zealand, which could slip into early 2026. There are ongoing challenges with underground optimization and infrastructure at DIDIPIO, which are expected to be resolved by early second half of the year. The company experienced a delay in stripping at Haile last year, which resulted in reliance on stockpiles for a quarter longer than planned. OceanaGold Corp (OCANF) anticipates increased capital investments in the second half of the year, which could impact cash flow. The company is exposed to potential fluctuations in gold prices, which could affect free cash flow sensitivity and overall financial performance. Q: Is the stripping at Haile still on track, and how should we view Q2? Also, is the ore hardness creating any delays? A: Gerard Bond, CEO: The stripping is on track, and we expect to have good access to Phase 3 ore by the end of Q3, which will drive production growth in Q4 and 2026. Bhuvanesh Malhotra, Chief Technical and Projects Officer: The ore hardness is as expected and incorporated into our plans. We've optimized blast patterns and feed recipes to manage it, and we are on track with our guidance. Q: How is the autoclave at Macraes ramping up after the rebreak? A: Peter Sharpe, COO Asia-Pacific: The autoclave rebreak was completed successfully, and it is back to full production with no issues. The ramp-up involved reheating, which took a couple of days, but it is now running as normal. Q: What is the confidence level in receiving the WKP permit by the end of 2025? A: Gerard Bond, CEO: Based on the government's announced timetable and our status in the process, we expect to be permitted by the end of the year. We are mitigating risks of delays by investing $45 million in early-stage works to stay on the critical path. Q: Can you elaborate on the tonnage moved at Haile and whether you have caught up on past delays? A: Gerard Bond, CEO: The delay occurred last year, causing us to use stockpiles longer than planned. We are now on track with our 2025 stripping campaign, and our guidance reflects this. Q: How does Q1's cost performance relate to full-year guidance, and what is the expected CapEx trajectory? A: Gerard Bond, CEO: Q1 costs were strong, but we have more stripping and planned CapEx at Didipio, which will impact costs in Q2 and Q3. We aim to stay towards the low end of our cost guidance range. CapEx will increase as planned investments progress. Q: Are the flooding issues at Didipio resolved? A: Peter Sharpe, COO Asia-Pacific: We are still working on it, with infrastructure planned for installation in Q2. We expect to resolve the issues by early in the second half of the year. Q: Will tariffs impact labor costs at Haile, and could this affect guidance? A: Gerard Bond, CEO: We do not see an impact from tariffs on labor costs. The gold price and business performance are strong, which helps in retaining and attracting talent. Q: Will the NCIB program continue at the same pace, and is it favored over dividends? A: Gerard Bond, CEO: Yes, we plan to continue repurchases as we see our shares as undervalued. Shareholders prefer buybacks over dividends, and we have doubled our dividend this year, maintaining a balanced approach. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error 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
Daily Mail
22-04-2025
- Daily Mail
'Rolex rippers' who carried out savage attacks outside Rolls Royce showroom in London's West End are jailed
Two 'Rolex rippers' who carried out a series of savage attacks in London 's West End have been jailed for a total of 19 years. Tedros Haile, 35, and Mahad Jammeh, 24, targeted Michail Rivas outside the Rolls Royce showroom in Stratton Street, Mayfair, on 25 June last year. Haile, Jammeh and a third man jumped out of a white BMW wearing face coverings and surrounded Mr Rivas. They grabbed his Mido Baroncelli Moonphase Chronograph worth £1,000 and quickly made off in the getaway car. Mr Rivas said he feels the watch cannot be replaced as it had sentimental value and he felt apprehensive leaving his flat the next morning. Later that night they targeted Mark Jackson and Oliver Wragg in Brewer Street. Both were wearing short sleeved tops and expensive looking watches after a night out watching football. Mr Jackson felt a hard object hit him behind his head before being hit by multiple full force fist punches. He heard one of the thugs saying 'get his watch' and one say 'stab him in the face'. One of the robbers put Mr Wragg in a chokehold from behind and he gave up his £600 Audemars Piguet replica watch. The thieves made a getaway in the BMW they had used for both robberies. Jammeh has eleven previous convictions for robbery dating back to when he was 15. Haile was in breach of a suspended sentence order for a burglary where he and another man broke into a flat where a woman was present. Jailing Haile for 11 years and Jammeh for eight years Judge Christopher Hehir said the violence had been 'gratuitous'. He said: 'You were clearly looking to identify members of the public wearing valuable wrist watches. 'These were planned and group offences- involving multiple people attacking one or two people.' Judge Hehir said he hoped the sentences would 'deter this type of planned and often very lucrative offending'. Haile, of Guinness Trust Buildings, Fulham Palace Road, admitted one count of robbery and denied but was convicted of one count of robbery and one of attempted robbery. Jammeh, of Welch House, Beaconsfield Road, Enfield, and Whittingham, of Granvill Road, Uxbridge, admitted two counts of robbery and one of attempted robbery. Christian Whittingham, 27, will be sentenced for his involvement in three offences on a later date.
Yahoo
10-04-2025
- Politics
- Yahoo
Tennessee Senate passes bill requiring schools check immigration status of students
Tennessee Senate Republicans passed legislation that will require all Tennessee schools to verify citizenship or legal immigration status from incoming students despite some GOP opposition and heated protests in the Capitol. The controversial education measure would also allow Tennessee schools to charge tuition for students who can't prove their status and deny enrollment to students who can't pay. The bill passed on a 19-13 vote after an at-times emotional debate, with multiple opponents of the bill asking lawmakers to refer to their Christian faith when making a decision about policy aimed at children. Despite the support from high-ranking Republicans, support for the measure has not fallen neatly down party lines. On April 10, seven Republicans voted against the measure. Sen. Todd Gardenhire, R-Chattanooga, and Senate Pro Tem Ferrell Haile, R-Gallatin, are among the GOP lawmakers who voted against the measure in committee and on the Senate floor, each resistant to the idea of drawing children into an immigration policy debate. Haile rose on the Senate floor, where he sits next to Senate sponsor Bo Watson, R-Hixson, to oppose the bill, reciting a Bible verse from Ezekial that the "child will not share the guilt of the parent, nor the parent share the guilt of the child." The senior Republican said he agrees with the fundamental goal of Watson's legislation, and thinks the state does need a way to determine how many students in Tennessee are in the country without legal status and if the population is "costing the state of Tennessee to educate those who are not legally present." "I believe that we are punishing children for the wrongdoing of their parents," Haile said. "I don't think that's the proper way to do it. We need to address the issue itself, rather than using children as a pawn in this." Sen. Page Walley, R-Savannah, said he believes parents of undocumented students should be held accountable if they've broken the law. But he opposes the bill due its impact on children. "Children should not be part of these kind of policy debates," said Walley, who previously served as the Tennessee Department of Children's Services commissioner. "They should not be caught in the crossfire of that." The Senate bill remains at odds with its House companion bill, which faces a final committee hearing the week of April 14 before it can go to a full House vote. As the legislature races toward an end to its 2025 legislative session, expected within the next two weeks, the immigration measure will likely face last-minute negotiations. Watson insisted on the Senate floor the bill is "permissive," meaning schools can decide whether to charge tuition or block enrollment. But the bill does contain a mandate on schools to verify citizenship or immigration status. The House sponsor, House Majority Leader William Lamberth, R-Portland, meanwhile, has repeatedly said he does not want to issue a statewide mandate. Watson suggested on the Senate floor nonprofit organizations might step up to pay tuition costs for students who can't pay, stating children won't necessarily be blocked from education as a result of the bill. "The bill does not prohibit private school, it does not prohibit home schooling, it does not prohibit individuals or entities from providing tuition. It doesn't prohibit any of that," Watson said. Sen. Charlane Oliver, D-Nashville, warned of downstream community effects if children are blocked from an education. "They didn't ask to cross over the border," Oliver said. "They didn't ask to be brought here. Let's not pick and choose which children are worthy of our protection." The legislation has drawn repeated protests from education and immigrant advocates, and hundreds of protestors lined the halls outside the Senate chamber on April 10 as lawmakers inside the chamber debated the measure. In the Senate gallery, protestors held aloft signs that read, "let kids learn" and "kindness is a virtue." With final passage, Senate Bill 836 officially differs significantly from its companion House bill. Both House and Senate sponsors were initially on the same page about the measure, even issuing a joint press release when the bill was filed, but the bills have since diverged. The Senate version would place a mandate on Tennessee schools to collect citizenship or immigration documents, though schools could then decide individually what to do with local children seeking to enroll. The House version would allow, but not require, schools to collect the same documentation. If a version of the bill becomes law, it will almost certainly trigger a lawsuit. Even Watson and Lamberth believe the measure would likely be initially blocked in the courts, given a long-standing federal precedent guaranteeing access to education to children despite their immigration status. The sponsors in February explicitly said they hope to trigger such a lawsuit and set in motion a legal case that could rise to the U.S. Supreme Court, with the goal of challenging a 1982 case called Plyler v. Doe out of Texas. Watson said on the Senate floor the Tennessee Attorney General's office would bear the costs of any lawsuit over the bill, not an individual school system. In addition to hoping to trigger a landmark legal case, supporters of the bill have argued undocumented students have become a financial strain on Tennessee schools, where English language learning costs have grown in recent years. Sen. Ken Yager, R-Kingston, said on the Senate floor Tennessee has an "oustanding education system" that takes a lot of money to run. "In order to provide for all of our children the education we seek and need, we have to pay for it," Yager, the Senate Republican caucus chair, said. "This bill provides a permissive way for us to make sure we have equitable support for all who want to use our system." Still, even undocumented immigrants in Tennessee are paying into local school systems, especially given the state's tax structure and its reliance on sales tax revenue. Watson has acknowledged in committee hearings that there is no evidence there is a direct correlation between those costs and undocumented students. Education advocates have testified the majority to English language learners are U.S. citizen or legal residents. Additionally, it's unclear if the legislation would result in any cost savings at all for Tennessee. Under a new funding formula requirement passed in concert with Gov. Bill Lee's new voucher program, school districts would be funded at steady levels even if they lose students. The bill's fiscal note states the measure could threaten more than $1 billion in federal education funding if the state is found to run afoul of civil rights law. Democrats have also warned about additional administrative burdens on local schools if they're required to wade through complicated immigration documents to ascertain legal status. Though Watson has previously suggested it should be a relatively simple matter to prove legal immigration status, recent rules developed in the state's voucher program show how complicated the process can be. The rules outline 10 different types of legal legal immigration statuses the state would recognize, ranging from refugees and asylum seekers admitted under certain federal laws to non-citizens granted at least temporary parole into the U.S. and trafficking victims who have pending applications for certain non-immigrant status. Sen. London Lamar, D-Memphis, opposed the bill for "putting vulnerable children at risk," but also argued the logistics will turn schools into "checkpoints" for complicated immigration issues. "I think it's going to be very difficult to actually do," Lamar said. Rachel Wegner contributed to this report. This article originally appeared on Nashville Tennessean: Tennessee Senate passes bill requiring schools check immigration status
Yahoo
06-03-2025
- Politics
- Yahoo
Classroom cellphone ban bill passes Senate, heads to governor's desk
NASHVILLE, Tenn. (WKRN) — A bill that will require school districts to adopt policies that ban the use of cellphones during class has now passed the Tennessee Senate and will head to Gov. Bill Lee for his signature. HB 932, by Rebecca Alexander (R-Jonesborough), requires all public school districts in Tennessee to adopt policies that outline prohibitions of student use of 'wireless communication devices' during 'instructional time,' with certain exceptions. The bill defines 'wireless communication devices' as including but not limited to cellphones, tablets, and laptop computers, and allows for exemptions to be crafted into the policies, including for emergency purposes or in line with students with disabilities who require devices for their education. PREVIOUS: Classroom cellphone ban bill passes TN House 'This bill aims to minimize classroom distractions and internet bullying on our school campuses,' Sen. Ferrell Haile said of the bill on the Senate floor Thursday. According to Haile, who is the Senate sponsor of the bill, the idea is to require the policy in all school districts, though he acknowledged 'a lot of the school districts already do this,' during floor debate. Additionally, Haile said 'a lot of the bullying' takes place during the lunch hour, so school districts could also elect to prohibit the use of cellphones during that time period as well. The measure saw bipartisan support, with lawmakers on both sides of the aisle agreeing cellphones should be used less during school hours. Sen. Rusty Crowe (R-Johnson City), speaking in support of the measure, said while he understood some parent concern about not being able to contact their child in the event of an emergency, evidence suggested having multiple people trying to make calls or send texts largely 'messes up the entire safety plan.' 'When everybody's calling everybody else, it really ruins the plans to save these kids,' he said. 'So, it's a great bill, and it's time that we do this.' The bill passed the Senate 30-0, with Nashville Sen. Heidi Campbell abstaining from the vote. During the floor debate, she applauded the sponsor for the intent of the bill but felt this issue should be of local concern rather than a state policy. She noted Metro Nashville Public Schools already had such a policy in place. Since the measure passed in the Tennessee House of Representatives earlier this week, the bill now heads to Gov. Bill Lee's desk for his signature. The law will take effect as of July 1 in order to be in place for the 2025-2026 school year. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hi Dubai
14-02-2025
- Business
- Hi Dubai
UAE Expands Digital Education Efforts in Africa, Aims to Reduce Unemployment
The UAE is making significant strides in digital education across Africa, aiming to equip youth with future-ready skills and reduce unemployment, according to Menghestab Haile, Senior Advisor to the UAE's "Digital School" initiative in Africa. Haile emphasized that Africa's primary challenge today is job creation and workforce preparedness. He stressed that without access to advanced digital education, young people will struggle to meet the demands of an increasingly digital economy. The UAE has successfully implemented digital education initiatives locally and is now extending its expertise to Africa. Haile revealed that the Digital School initiative is already making progress, with agreements signed with education ministries in over 10 African nations. 'Our goal is to cover the entire continent,' he stated. Beyond digital education, the initiative also focuses on skills development, aligning with the UAE's broader vision of integrating education with capacity building. Haile highlighted the launch of a new skills development programme in partnership with the UAE government, further reinforcing the commitment to empowering African youth. With these efforts, the UAE aims to create sustainable opportunities for young Africans, ensuring they are equipped for the evolving job market. News Source: Emirates News Agency
