Day: November 6, 2024

Third Quarter 2024 Financial Results Montevideo, Nov. 06, 2024 (GLOBE NEWSWIRE) — Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businessesInvestments in customer experience, technology and logistics increase sales and engagement across Latin America; In Commerce, unique buyers climbed 21% year-on-year, to nearly 61 million, while GMV reached $12.9 billion, rising 14% in dollars; Mercado Pago saw its credit portfolio soar by 77% year-on-year, reaching an impressive $6 billion; and total payment volume (TPV) increased by 34% to $50.7 billion.Montevideo, Uruguay. November 6, 2024 — Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, has reported another strong quarter for Q3’24 delivering a significant...

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) — Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $19.6 million in the third quarter of 2024, as compared to a net loss of $17.4 million in the third quarter of 2023, and a net loss of $5.7 million in the second quarter of 2024. Adjusted EBITDA was negative $10.7 million in the third quarter of 2024, which included $1.0 million in export tax recovery, as compared to negative $11.6 million in the third quarter of 2023, which included $4.3 million in export tax recovery, and positive EBITDA of $9.4 million in the second quarter of 2024.(millions of Canadian dollars except per share amounts and where otherwise noted) (1) Q32024   Q32023   Q22024   YTD2024   YTD2023Revenue $ 241.7     $ 231.1     $ 309.5     $ 790.7     $ 770.9  Adjusted...

TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today announced its results for the three and nine months ended September 30, 2024 (“Q3 2024” and “YTD 2024”). Preliminary operating results for Q3 2024 and YTD 2024 were disclosed in the Company’s press release dated October 17, 2024. Management will host a conference call tomorrow, November 7, 2024 at 10:00 a.m. ET to discuss its results. All amounts are expressed in Canadian dollars unless otherwise indicated. Q3 2024 HighlightsConsolidated gold production was 45,109 ounces, a 62% increase over the prior year quarter, at cost of sales per ounce sold of $1,7831,4 (US$1,308), cash costs per ounce sold1 of $1,214 (US$890) and all-in sustaining costs (“AISC”) per ounce sold1 of $1,920 (US$1,408). The average realized...

MONTREAL, Nov. 06, 2024 (GLOBE NEWSWIRE) — NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, reported today financial results for the three-month period ended September 30, 2024. All amounts in this press release are in Canadian dollars, unless otherwise stated. Key Financial HighlightsTotal revenues of $33,665,414 compared to $28,936,031 last year, representing a 16% increase; Adjusted gross margin(1) on revenues from customers of 20.9% compared to 19.7% last year; Loss of $2,719,012 compared to $3,726,078 last year; Adjusted EBITDA(2) of $1,124,299 compared to an adjusted EBITDA loss of $488,332 last year; Adjusted EBITDA(2) of $1,512,104 compared to $170,654 last year for the Advanced Materials, Plastics and Composite Products segment; Adjusted EBITDA(2) loss...

Second Quarter Results In-Line with Previously Announced Expectations Transformative Electric Arc Furnace (EAF) Commissioning Activities Expected to Start on Schedule During the Fourth Quarter of Calendar 2024; Substantially all of Expected Project Budget Now Fully Contracted Change in Fiscal Year end from March 31 to December 31, beginning December 31, 2024 SAULT STE. MARIE, Ontario, Nov. 06, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal second quarter ended September 30, 2024. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Fiscal 2025 to Fiscal 2024 Second Quarter ComparisonsConsolidated revenue of $600.3...

Record production and revenue support strong ongoing free cash flow while funding growth All amounts are in United States dollars, unless otherwise stated. TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter ended September 30, 2024. “We achieved a number of operational and financial records in the third quarter. Production increased to a record 152,000 ounces reflecting the addition of Magino and continued strong performances from Island Gold and Mulatos. With growing gold production and record gold prices, we generated record revenue and cash flow from operations before working capital, supporting strong ongoing free cash flow while funding our high-return growth initiatives,” said John A. McCluskey, President and Chief...