Month: February 2025

CALGARY, Alberta, Feb. 13, 2025 (GLOBE NEWSWIRE) — GINSMS Inc. (TSXV: GOK) (“GINSMS” or the “Corporation”) has announced its financial results for the fourth quarter and twelve months ended December 31, 2024. The annual audited financial statements of the Corporation for the twelve months ended December 31, 2024 are currently under audit and in the process of preparation. As required under Canadian securities law regulations, the Corporation will be disclosing and filing on SEDAR its annual audited financial statements and the related management’s discussion and analysis (“MD&A”) within 120 days after the end of its year end of December 31, 2024. This financial disclosure was done in advance of the filing of the audited financial statements of the Corporation to allow GINSMS’ ultimate holding company, Beat Holdings Limited...

Burnt Timber and Linkwood to significantly extend mine life of Lynn Lake project and enhance economics given low-capital and high after-tax Internal Rate of Return of 54% All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 13, 2025 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported positive results of an internal economic study completed on its Burnt Timber and Linkwood satellite deposits located in proximity to the Lynn Lake project in Manitoba, Canada. In August 2023, an Updated Feasibility Study (“2023 Study”) was released on the Lynn Lake project outlining a long-life, low-cost project in Canada with attractive economics. The 2023 Study was based only on the Gordon and MacLellan deposits which are to be mined over the first 11 years, with the processing...

Adjusted EBITDA of $80 million and Net Loss of $50 million BURNABY, British Columbia, Feb. 13, 2025 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded a Net loss in Q4’24 of $49.9 million, or $0.97 per share, compared to a Net loss of $105.7 million, or $2.05 per share in Q3’24 and a Net loss of $169.0 million, or $3.29 per share in Q4’23. Adjusted EBITDA was $80.4 million on sales of $746.5 million in Q4’24 versus an Adjusted EBITDA loss of $22.0 million on sales of $692.7 million in Q3’24 and an Adjusted EBITDA loss of $51.4 million on sales of $785.9 million in Q4’23. Notable items:Improved Lumber PricesLumber prices increased during Q4’24 as reflected in Interfor’s average selling price of $659 per mfbm, up $89 per mfbm versus Q3’24. Lumber prices strengthened from the effects of market-driven...

HONG KONG, Feb. 13, 2025 (GLOBE NEWSWIRE) — Prestige Wealth Inc. (Nasdaq: PWM) (the “Company” or “Prestige Wealth”), a wealth management and asset management services provider based in Hong Kong, today announced its unaudited financial results for the six months ended March 31, 2024. Mr. Kazuho Komoda, the Company’s Chief Executive Officer, commented, “Reflecting upon the first half of fiscal year 2024, we made many strategic layouts including exploring the path of using technology method to scale up wealth management business, preparing for expanding business areas and actively seeking talents for business upgrade. Meanwhile, we also maintain stable growth in our existing business and garnered an increase of our total revenues from compared to the same period of fiscal year 2023.” Mr. Komoda continued, “Benefited from our efforts...