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Stronghold Digital Mining, Inc. ( NASDAQ:SDIG – Get Free Report ) CEO Gregory A. Beard sold 14,201 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $3.85, for a total value of $54,673.85. Following the completion of the sale, the chief executive officer now owns 446,533 shares of the company’s stock, valued at approximately $1,719,152.05. This trade represents a 3.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Stronghold Digital Mining Price Performance NASDAQ SDIG opened at $3.92 on Friday. Stronghold Digital Mining, Inc. has a 1 year low of $1.65 and a 1 year high of $10.73. The business’s fifty day moving average is $4.92 and its two-hundred day moving average is $4.34. The stock has a market capitalization of $67.59 million, a P/E ratio of -1.06 and a beta of 2.92. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27. Wall Street Analyst Weigh In Separately, B. Riley upgraded shares of Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Hedge Funds Weigh In On Stronghold Digital Mining Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Stronghold Digital Mining during the second quarter valued at $130,000. State Street Corp raised its holdings in Stronghold Digital Mining by 122.3% during the 3rd quarter. State Street Corp now owns 57,630 shares of the company’s stock worth $291,000 after buying an additional 31,700 shares during the period. Thomist Capital Management LP purchased a new stake in Stronghold Digital Mining during the second quarter valued at about $485,000. Geode Capital Management LLC boosted its holdings in shares of Stronghold Digital Mining by 83.0% in the third quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock worth $849,000 after buying an additional 76,260 shares during the period. Finally, K2 Principal Fund L.P. acquired a new position in shares of Stronghold Digital Mining in the third quarter worth about $882,000. 19.33% of the stock is currently owned by institutional investors and hedge funds. Stronghold Digital Mining Company Profile ( Get Free Report ) Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services. Further Reading Receive News & Ratings for Stronghold Digital Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stronghold Digital Mining and related companies with MarketBeat.com's FREE daily email newsletter .
The left-back started in Europe’s biggest competition for the first time in front of a packed Emirates crowd having already featured in the tournament from the bench twice this season. The youngster is a top talent and Mikel Arteta opted to give the defender a chance in light of several injuries that have hit Arsenal’s backline. That decision paid off immediately as for the Gunners. The 18-year-old showed some impressive composure before playing a through ball into the path of Gabriel Jesus, who would find Bukayo Saka in the Monaco box for the English winger to make it 1-0. Arsenal players ran to the left-back to praise him for his role in the goal and after the match, Saka told TNT Sports what he said to the youngster during that moment. Bukayo Saka believes Arsenal talent Myles Lewis-Skelly is Champions League level When asked by what he said to Lewis-Skelly after his goal, Saka revealed that he told the youngster that he believes that he is Champions League level. “I said to him, like I said to him before the game, that this was his level,” the winger said. “He needs to have no doubts and play with the confidence. What he is doing, we see it in training so I was pleased with him and he was a big part of the first goal.” now and looks ready for more opportunities in an Arsenal shirt over the coming weeks. If the youngster proves to be ready, this will be a big boost for the Gunners as left-back is not an area of strength in the North London club’s squad.
A transgender activist interrupted an event featuring Rep. Nancy Mace (R-SC), and upon his forced exit, Mace made it clear that God loves him but “his penis is not going to be in my bathroom.” Video shows the transgender activist — a man wearing a skirt — standing up during the event — Georgetown University’s “Summit on the Future of the Internet” — holding a “Progress Pride” flag, which includes additional colors for transgender individuals and minorities. “This is ridiculous. It is the day after Trans Day of disability,” he said, before accusing Mace and those who believe like her of being responsible for the death of transgender individuals. “We have had dozens of trans people die this year because of the hate and lies that you are spreading,” he said, as he was escorted out of the facility. “Are we building an internet for everyone or just a privileged few? Are you going to stand up for the lives of trans people, black and brown people? Are we fighting for justice or are we fighting for Big Tech,” he continued. “I love him, God loves him, but his penis is not going to be in my bathroom,” Mace responded, reiterating that remark on X. “Raging lunatic, pretending to be female, tried to rush the stage at me just a little bit ago. All because I don’t want men watching women undress in the locker room,” Mace wrote, sharing the clip: The New York Post identified the activist as Evan Greer, who denied rushing the stage but made clear he would interrupt again. Mace has continued to face scrutiny from the left after proposing a bill which states that any “Member, Delegate, Resident Commissioner, officer, or employee of the House may not use a single-sex facility (including a restroom, changing room, or locker room) in the Capitol or House Office Buildings, other than those corresponding to the biological sex of such individual.” This proposal comes as transgender Delaware Rep.-elect Sarah McBride (D) — a man who believes he is a woman — is set to join the House of Representatives in January. “And the speaker said it would be in the House rules package. If it’s not, I’ll be ready with a motion, a privileged motion, to force a vote on this. This is not ok. I’m a survivor of rape, I’m a survivor of sexual abuse, and I’m not going to allow any man in any female private space. End of story,” Mace told a reporter this week, defending her effort to keep biological men out of single-sex spaces designated for women. “Why is it that these crazy people, the insanity, the radical left are willing to kill women over a man’s right to be in a women’s restroom?” she asked, noting that she has received death threats from “men pretending to be women.” “Forcing women to share private spaces with men is not dignity and not respect,” Mace made clear. “I’m absolutely going to stand in the way of anyone who thinks it’s ok for a man to be in our locker room and our changing rooms, in our dressing rooms and women’s bathrooms.” Democrat Rep. Alexandria Ocasio-Cortez (D-NY) is among those who has not taken Mace’s proposal well, bizarrely asserting that keeping biological men out of women’s spaces would endanger women. “What Nancy Mace and what Speaker Johnson are doing are endangering all women and girls,” Ocasio-Cortez began. “Because if you ask them, ‘What is your plan on how to enforce this,’ they won’t come up with an answer.” “And what it inevitably results in are women and girls who are primed for assault because they want — because people are going to want to check their private parts in suspecting who is trans and who is this, and who’s doing what,” she claimed. “And so the idea that Nancy Mace wants little girls and women to drop trow in front of who — an investigator? Who would that be? In order, because she wants to suspect and point fingers at who she thinks is trans, is disgusting. It is disgusting,” she added. “People have a right to express themselves, to dress how they want and to be who they are, and if a woman doesn’t look woman enough to a Republican, they want to be able to inspect her genitals to use a bathroom,” Ocasio-Cortez asserted, calling it “disgusting” and “gross.” “I love living rent-free in AOC’s tiny little brain,” Mace responded during an appearance on Fox News @ Night . “I mean, I never said anything like that. In fact, the irony here is that she’s a radical leftist clown that, you know, I’m a rape victim. I’m a survivor of sexual abuse. I have PTSD from the abuse I’ve suffered at the hands of a man. And it’s so weird and dangerous and perverted. This idea that it’s ok for a naked man to be in a locker room with women, it’s insanity to me,” she added. “And this has got to stop,” Mace continued. “And so, in a world of this, this kind of insane ideology that AOC embraces, I aim to be a giant, and I plan to stop anybody, male or female, that’s going to put women and girls in harm’s way. I’m not going to tolerate it.”
US lawmakers voted Wednesday after fraught negotiations to move forward with a contentious 2025 defense budget that raises troops' pay but blocks funding of gender-affirming care for some transgender children of service members. The centerpiece of the $884 billion National Defense Authorization Act (NDAA) -- which was green-lit by the Republican-led House of Representatives but still needs Senate approval -- is a 14.5 percent pay increase for junior enlisted service members and 4.5 percent for other personnel. But talks over the 1,800-page-plus text were complicated by a last-minute Republican intervention to prevent the military's health program from covering gender-affirming care for children of service members if it results in "sterilization." "Citizens don't want their tax dollars to go to this, and underaged people often regret these surgeries later in life," Nebraska Republican Don Bacon told CNN. "It's a bad hill to die on for Democrats." Gender-affirming health care for children is just one of multiple fronts in the so-called "culture wars" that polarize US politics and divide the country, with Republicans using the issue as a cudgel against Democrats in November's elections. The funding block angered progressives, and prompted the top Democrat on the House Armed Services Committee to come out against the legislation. "As I said a few days ago, blanketly denying health care to people who need it -- just because of a biased notion against transgender people -- is wrong," Adam Smith, who represents a district in Washington state, said in a statement. "The inclusion of this harmful provision puts the lives of children at risk and may force thousands of service members to make the choice of continuing their military service or leaving to ensure their child can get the health care they need." Smith slammed House Speaker Mike Johnson for pandering to "the most extreme elements of his party" by including the transgender provision. The must-pass NDAA -- a bill that Congress has sent to the president's desk without fail every year since 1961 -- cleared the chamber in a 281-140 vote and now moves to the Senate, with final passage expected next week. The topline figure is one percent above last year's total and, with funding from other sources, brings the total defense budget to just under $900 billion. Some foreign policy hawks on the Republican side of the Senate wanted $25 billion more for the Pentagon but they are still expected to support the bill. "The safety and security of the American people is our top priority, and this year's NDAA ensures our military has the resources and the capabilities needed to remain the most powerful fighting force on the planet," Johnson told reporters. ft/mlm
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Amritsar: With the completion of the religious penance, the leadership of the Shiromani Akali Dal (SAD), including its president Sukhbir Singh Badal, now faces the formidable task of reorganisation of the party, a process that will require new enrolment and the appointment of delegates and to sink differences between the Akali leaders. In accordance with the directions issued by the Jathedar of Akal Takht on Dec 2, the SAD working committee was initially required to accept the resignation of Sukhbir Singh Badal within three days, by Dec 5. However, this deadline was later extended, granting a revised period until Dec 25 to complete this process. One of the most significant tasks ahead is to negotiate a truce with the dissident Akali leaders, who had initially approached the Akal Takht with a formal complaint against SAD president. To facilitate the truce, the Sikh high priests constituted a committee under the leadership of Shiromani Gurdwara Parbandhak Committee (SGPC) president Harjinder Singh Dhami with former SGPC president Kirpal Singh Badungar, Iqbal Singh Jhunda, Gurpartap Singh Wadala, Manpreet Singh Ayalee, Santa Singh Umedpuri and Bibi Satwant Kaur as its members. “There has been no meeting of the committee, nor any information regarding one, so far,” said Wadala, who was the chairman of the SAD Sudhar Lehar that was recently dissolved. The Sikh high priests had directed that the SAD leadership had lost its moral right to politically lead the Panth due to its past transgressions. They issued directives for a new enrollment process, incorporating both new and existing delegates and complete the process within six months. The Sikh high priests also mandated the election of office-bearers, including the president, within this timeframe and specifically cautioned against bogus enrollments, stipulating that only those members with valid Aadhaar cards should be included. While the Sikh high priests have directed the Akali leaders to unite, it seems to be a distant dream. “Sukhbir and other Akali leaders have not fully complied with the directives of the Akal Takht. The working committee was instructed to accept Sukhbir’s resignation within three days, but this has not been done. Media reports suggest that the timeframe has been extended to 20 days, however, it is unclear who authorised this extension, as no such letter from the Akal Takht has been issued. Furthermore, we have yet to hear of any meeting convened under the leadership of Dhami,” said Bibi Jagir Kaur. We also published the following articles recently SAD in Catch-22 situation after Akal Takht directives The Shiromani Akali Dal (SAD) faces challenges implementing Akal Takht directives regarding Sukhbir Badal's resignation and party membership. SAD leadership argues that complying with religious orders could jeopardize their political party registration. A seven-member committee for new enrollments remains inactive, with SGPC president Harjinder Dhami seeking legal counsel to avoid conflicts. Religious connotations are in line with law, follow Akal Takht directives: SAD gen secy Shiromani Akali Dal (SAD) General Secretary Gurjeet Singh Talwandi asserts that political parties aligning with religious principles is legally permissible. Citing an Election Commission affidavit to the Supreme Court, Talwandi argues that no law prohibits such associations. He emphasizes that parties like SAD and Shiv Sena have strong religious roots, protected by the court. Baljit Singh Daduwal elected president of Shiromani Akali Dal Azad Sikh preacher Baljit Singh Daduwal was appointed president of the newly formed Shiromani Akali Dal (SAD) Azad at a Kurukshetra gurdwara gathering. Chosen after a 15-day consultation period led by five HSGMC members, Daduwal's leadership aims to address Sikh issues and the upcoming HSGMC elections. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
Juan Soto gets free luxury suite and up to 4 premium tickets for home games in $765M Mets dealHeights library has full slate of programs during the holidays, including the new yearHALIFAX — An influential United States Republican senator delivered some blunt criticism of Canada's military spending on Friday, telling a major security conference in Halifax the federal government has to do better to please president-elect Donald Trump. In a panel discussion on the first day of the Halifax International Security Forum, Republican Sen. James Risch — who may become the next chair of the U.S. Senate's foreign relations committee — said he wasn't speaking for the incoming president. But he reminded delegates that Canada is failing to reach military spending levels equivalent to two per cent of its GDP — a commitment of the 32 NATO countries — leaving Canada one of a minority of alliance members no longer meeting the target. "My good friends in Canada say, 'We're working on this.' And we say, 'What does that mean?' And they say, 'We're kind of looking at (meeting the spending goal) by 2032,'" the Idaho senator said. "I don't speak for the president-elect of the United States, but if he were in this room, you would get a very large guffaw from him ... talking about 2032. It's got to be better than that. It really, truly has to be better than that." About 300 policy analysts, politicians and defence officials from 60 countries are participating in the 16th annual forum, which runs until Sunday. The gathering comes just under three weeks after the U.S. election that returned Trump to power with Republican majorities in the U.S. Senate and Congress. Earlier in the day at the conference, Defence Minister Bill Blair said his government knows it needs to increase defence spending, both to help Ukraine in its war with Russia, and to protect Canadian territory. But, Blair said, he has to ensure Canada gets "good value" for its investments. “When our allies say they want us to meet the commitment, I've told them the answer is ‘Yes,’ and I’ve told them you’re pushing on an open door," he said. "We are going to make those investments." Some of the American criticism is unfair, Blair said, as the Liberal government committed during a July NATO summit to "a credible and realistic plan" of spending two per cent of GDP on its military by 2032, as it buys a fleet of up to 12 new submarines. He said there are examples in which Canada can "accelerate" its spending by making purchases that mesh with its allies, citing Ottawa's announcement it would replace CP-140 Aurora maritime patrol aircraft with the Boeing P-8A Poseidon aircraft. The defence minister also announced that a surface-to-air defence system Canada bought two years ago has arrived in Ukraine to help protect the country against Russian missiles, though he would have liked the aid to have reached the war theatre sooner. “There's a lot in some of our procurement processes that have really slowed us down," he said. NATO's 32-member nations agreed to each spend the equivalent of at least two per cent of their GDP on defence, but Canada is among the nine members that aren't going to do that this year. The alliance's figures project that Canada will spend the equivalent of 1.37 per cent of its GDP on defence, placing it at the back of the pack. The Defence Department projects the figure to tick upward over the coming years, rising to 1.76 per cent by 2030. However, the Liberal government is also facing domestic criticism for not being clear on how it will make military spending one of its top priorities. Retired Lt.-Gen. Andrew Leslie — a former Liberal MP — told the House of Commons defence committee two days after the U.S. election that he detects "no sense of urgency" from the government to meet those commitments. Nicolas Todd, who is attending the security forum as vice-president of government relations with the Canadian Association of Defence and Security Industries, said in an interview Friday that if the Liberal government wants to advance more rapidly on military spending, it needs to clearly signal its spending plans. "What we've seen so far is an expectation to hit two per cent. That's not a plan. We need a detailed, year-over-year money plan on what it will take," he said. He contrasted the government's announcement Thursday — a pause of the federal sales tax on a long list of items, at a cost of $6.3 billion — with a slow growth in military spending. Peter Van Praagh, president of the forum, said during the opening news conference that a path to world peace still depends on Ukraine defeating Russia, which will require continued support from the United States and its allies. “If Russia gets away with this naked aggression, we are entering a world where might makes right. That’s a world that is not safe for anybody,” he said. While military spending will be key to assisting Ukraine, Admiral Rob Bauer, chair of the military committee of NATO, told the conference in a separate panel that procurement remains a major issue. The Dutch military officer said, "there isn't yet enough focus when it comes to defence production," as Russia has put its economy on a war footing. Bauer said that more than 1,000 days into the war in Ukraine, he's hearing from military chiefs of staff in the NATO alliance they have funds available to buy ammunition and armaments, but the defence industry can't deliver the munitions in a timely way. "We cannot support Ukraine at the pace that is necessary," he said. This report by The Canadian Press was first published Nov. 22, 2024. — With files from The Associated Press. Michael Tutton, The Canadian Press
Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2024 Gold ...Fugitive dog gains fame in New Orleans eluding dart guns and nets
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VANCOUVER, British Columbia, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Mineral Reserve and Mineral Resource (“MRMR”) estimates as of September 30, 2024. “Our updated Mineral Reserves estimate provides a solid foundation and underpins our production profile over the next decade and beyond,” said George Burns, President and CEO. “We were pleased to increase our Mineral Reserves by approximately 2% overall, driven by increases at the Lamaque Complex and Efemcukuru that extends Reserve mine life significantly and complements our already long mine life assets at Skouries, Kisladag and Olympias. The Lamaque Complex Mineral Reserve increased by 45%, driven primarily by the declaration of an Inaugural Mineral Reserve at Ormaque of 619 thousand ounces. This follows a solid track record of successfully replacing Mineral Reserves since acquiring the asset in 2017 and sets up the Lamaque Complex for the long-term with two underground mines with significant Inferred Mineral Resource conversion potential and exploration upside.” “In addition, at Efemcukuru, we increased Mineral Reserves by 23% resulting in an extension to the mine life by an additional two years to an updated life of mine of eight years. Efemcukuru has been a reliable producer since 2011, and our team remains committed to exploring opportunities to extend mine life further. During 2025, our focus will continue to be on extending the mine life at our existing operations and testing near-mine exploration targets, while seeking a discovery from our highly prospective portfolio of early stage exploration targets in Canada and Turkiye.” Mineral Reserves Update The Company’s Proven and Probable gold Mineral Reserves totalled 11.9 million ounces as of September 30, 2024, an increase of approximately 2% from the previous MRMR statement from September 30, 2023. The complete MRMR table and notes can be found at the end of this release. (1) The Company’s total MRMR excludes Mineral Reserves at its non-core Romanian asset (Certej). As disclosed in the Q3 2024 Managements Discussion & Analysis, the Certej project has been presented as a disposal group held for sale as at September 30, 2024 and as a discontinued operation for the three and nine months ended September 30, 2024. On October 7, 2024, the Company entered into a share purchase agreement to sell the Certej project. The closing of the disposition is subject to certain conditions. (2) Depletion declared here are in-situ ounces. Depletion includes the 12-month period of October 1, 2023, through September 30, 2024. Excluding depletion, the increase in Mineral Reserves is primarily attributable to additions at Kokarpinar South at Efemcukuru as well as an inaugural Mineral Reserve estimate for the Ormaque deposit within the Lamaque Complex. The following table summarizes the period-over-period changes to the Company’s Mineral Reserves: NOTE: Totals may not sum due to rounding. (1) The Company reports its MRMR as of September 30, 2024. As such, the change year over year is from October 1, 2023 to September 30, 2024. Mineral Resources Update Eldorado’s Measured and Indicated Mineral Resources (“M&I Mineral Resources”) totalled 22.0 million ounces gold, as of September 30, 2024. The Company successfully converted Inferred Mineral Resources to M&I Mineral Resources at Ormaque, within the Lamaque Complex, and at Efemcukuru. The total is offset by depletion at the other operating mines. This resulted in a 3% decrease from the previous MRMR statement from September 30th, 2023. Eldorado’s Inferred Mineral Resources totalled 6.8 million ounces as of September 30, 2024, a 10% decrease from the previous MRMR statement. Detailed MRMR disclosure tables are included at the end of this news release. The following table summarizes the period-over-period changes to the Company’s Mineral Resources: NOTE: Totals may not sum due to rounding. (1) Mineral Resources are inclusive of Mineral Reserves. (2) The Company Reports on its MRMR as of September 30, 2024. As such, the change year over year is from October 1, 2023 to September 30, 2024. (3) As disclosed in the Q3 2024 Managements Discussion & Analysis, the Certej project has been presented as a disposal group held for sale as at September 30, 2024 and as a discontinued operation for the three and nine months ended September 30, 2024. On October 7, 2024, the Company entered into a share purchase agreement to sell the Certej project. The closing of the disposition is subject to certain conditions. 2025 Reporting Schedule The Company intends to report, and host a conference call led by senior management, as set out in the table below. The Company reserves the right to amend the schedule in its discretion and will inform the market of any changes in schedule. About Eldorado Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Contact Investor Relations Lynette Gould, VP, Investor Relations, Communications & External Affairs 647 271 2827 or 1 888 353 8166 lynette.gould@eldoradogold.com Media Chad Pederson, Director, Communications and Public Affairs 236 885 6251 or 1 888 353 8166 chad.pederson@eldoradogold.com Notes: (1) Resource grades are reported undiluted, however resources are assessed for reasonable expectation of economic extraction by applying expected minimum mining shapes. (2) As disclosed in the Q3 2024 Managements Discussion & Analysis, the Certej project has been presented as a disposal group held for sale as at September 30, 2024 and as a discontinued operation for the three and nine months ended September 30, 2024. On October 7, 2024, the Company entered into a share purchase agreement to sell the Certej project. The closing of the disposition is subject to certain conditions. (3) Mineralized shapes based on RPEEE identified based on 2.5 g/t Au COG; within shapes material below incremental COG of 1.0 g/t have been excluded; grades are diluted by must-take material between 1.0 and 2.5 g/t Au. (4) Due to narrow veins, continued conversion of Resources to Reserves at Ormaque will reflect expected lower grades to fully represent mining modifying factors. Notes: (1) Resource grades are reported undiluted, however resources are assessed for reasonable expectation of economic extraction by applying expected minimum mining shapes. (2) As disclosed in the Q3 2024 Managements Discussion & Analysis, the Certej project has been presented as a disposal group held for sale as at September 30, 2024 and as a discontinued operation for the three and nine months ended September 30, 2024. On October 7, 2024, the Company entered into a share purchase agreement to sell the Certej project. The closing of the disposition is subject to certain conditions. (3) Due to narrow veins, any future potential conversion of Resources to Reserves at Ormaque will reflect expected lower grades to fully represent mining modifying factors. ADVISORIES AND DETAILED NOTES ON MINERAL RESERVES AND RESOURCES General Mineral Reserves and Mineral Resources are as of September 30, 2024 The Mineral Reserves and Mineral Resources were classified using logic consistent with the CIM Definition Standards for Mineral Resources & Mineral Reserves (2014) incorporated, by reference, into National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Sample preparation, analytical techniques, laboratories used, and quality assurance and quality control protocols used during exploration drilling programs are done consistent with industry standards and independent certified assay labs are used. Mineral Reserves are included in the Mineral Resources. The Mineral Reserves and Mineral Resources are disclosed on a total project basis. Measured and Indicated Mineral Resources which are not Mineral Reserves, do not have demonstrated economic viability. With respect to “Inferred Mineral Resources”, there is a great amount of uncertainty as to their existence and uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of a “Measured Mineral Resource”, “Indicated Mineral Resource” or “Inferred Mineral Resource” will ever be upgraded to a higher category. Additional information on the Kisladag, Efemcukuru, Olympias, Skouries and Lamaque mineral properties mentioned in this news release (all of which are considered to be material mineral properties to the Company) are contained in Eldorado’s annual information form for the year ended December 31, 2023 and the following technical reports for each of those properties, all of which are available under the Company's profile at www.sedarplus.com and www.sec.gov : Qualified Persons Simon Hille, FAusIMM, Executive Vice President, Operations and Technical Services, is the “qualified person” under NI 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this news release and verifying the technical data disclosed in this document relating to our operating mines and development projects, unless otherwise noted. Additional qualified persons have approved disclosures for specific properties as detailed in “Mineral Reserve Notes” and “Mineral Resource Notes” below. Jessy Thelland, géo (OGQ No. 758)., Director Technical Services Lamaque, a member in good standing of the Ordre des Géologues du Québec, is the qualified person as defined in NI 43-101 responsible for, and has verified and approved, the scientific and technical disclosure contained in this news release for the Quebec projects. Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources There are differences between the standards and terms used for reporting mineral reserves and resources in Canada, and in the United States pursuant to the United States Securities and Exchange Commission’s (the “SEC”). The terms Mineral Resource, Measured Mineral Resource, Indicated Mineral Resource and Inferred Mineral Resource are defined by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the CIM Definition Standards on Mineral Reserves and Mineral Resources adopted by the CIM Council, and must be disclosed according to Canadian securities regulations. These standards differ from the requirements of the SEC applicable to domestic United States reporting companies. Accordingly, information contained in this news release with respect to mineral deposits may not be comparable to similar information made public by United States companies subject to the SEC’s reporting and disclosure requirements. Mineral Reserve Notes Eldorado reports Mineral Reserves in accordance with CIM Definition Standards. Mineral Reserves for the operating sites (Efemcukuru, Kisladag, Olympias, and within the Lamaque Complex – Ormaque and Triangle) were determined using a long-term gold price of $1,450/oz while Mineral Reserves for the Skouries and Perama Hill projects were determined based on a $1,300/oz gold price. A reserve test is undertaken every year to confirm future undiscounted cash flow from reserve mine plan is positive. Qualified Persons The following persons, all of whom are qualified persons under NI 43-101, have approved the disclosure related to the Mineral Reserves for the projects noted below contained within this release: Mineral Resource Notes Eldorado reports Mineral Resources in accordance with CIM Definition Standards. All Mineral Resources are assessed for reasonable prospects for eventual economic extraction (RPEEE). The Resource cut-off grades or values (e.g. gold equivalent) are determined using a long-term gold price ($1,800/oz) and modifying factors derived in the resource to reserve conversion process (or by comparison to similar projects for our resource-only properties). These values are then used to create constraining volumes that provide limits to the reported Resources. Resource grades are reported undiluted from within the constraining volumes that satisfy RPEEE. At Efemcukuru, mineralized shapes based on RPEEE identified based on 2.5 g/t Au COG; within shapes material below incremental COG of 1.0 g/t have been excluded; grades are diluted by must-take material between 1.0 and 2.5 g/t Au. Due to the presence of narrow veins, any future potential conversion of Resources to Reserves at Ormaque will reflect expected lower grades to fully represent modifying factors associated with mining. Open Pit Resources used pit shells created with the long-term gold price to constrain reportable model blocks. Underground Resources were constrained by volumes whose design was guided by a combination of the reporting cut-off grade or value, contiguous areas of mineralization and mineability. Eldorado’s Mineral Resources are inclusive of Reserves. Mineral Resource Reporting and demonstration of Reasonable Prospects for Eventual Economic Extraction: The Mineral Resources used a long term look gold metal price of $1,800/oz for the determination of resource cut-off grades or values. This guided execution of the next step where constraining surfaces or volumes were created to control resource reporting. Open pit-only projects (Kisladag, Perama Hill, Perama South, and Certej) used pit shells created with the long-term gold price to constrain reportable model blocks. Underground Resources were constrained by 3D volumes whose design was guided by the reporting cut-off grade or value, contiguous areas of mineralization and mineability. Only material internal to these volumes were eligible for reporting. Projects with both open pit and underground Resources have the open pit Resources constrained by either the permit (Skouries), and pit shell, or by an open pit/underground economic crossover surface, and underground Resources constrained by a reporting shape. (1) Mineralized shapes based on RPEEE identified based on 2.5 g/t Au COG; within shapes material below incremental COG of 1.0 g/t have been excluded; grades are diluted by must-take material between 1.0 and 2.5 g/t Au. Qualified Persons The following persons, all of whom are qualified persons under NI 43-101, have approved the disclosure related to the Mineral Resources for the projects noted below contained within this release: Cautionary Note about Forward-looking Statements and Information Certain of the statements made and information provided in this news release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipates”, “believes”, “budget”, “continue”, “estimates”, “expects”, “forecasts”, “foresee”, “future”, “goal”, “guidance”, “intends”, “opportunity”, “outlook”, “plans”, “potential”, “strive”, “target” or “underway” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “can”, “could”, “likely”, “may”, “might”, “will” or “would” be taken, occur or be achieved. Forward-looking statements or information are by their nature based on a number of assumptions, that management considers reasonable. However, such assumptions involve both known and unknown risks, uncertainties and other factors which, if proven to be inaccurate, may cause actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to: our Mineral Reserves and Mineral Resources; long term prospects for the Lamaque Complex, the sale of the Certej project; exploration opportunities to extend the life of mine at Efemcukuru; 2025 focus on extending mine life, testing near-mine exploration targets and seeking a discovery from prospective early-stage exploration targets; the filing of a new technical report for the Lamaque Complex, the disclosed outlook on long term metal prices; and generally our strategy, plans and goals. We have made certain assumptions about the forward-looking statements and information, including assumptions about: our ability to obtain all required approvals and permits in a timely manner and our ability to comply with all the conditions that are imposed in such approvals and permits; timing of filing of a new technical report for the Lamaque mineral properties; timing, cost and results of our construction and development activities, improvements and exploration; the future price of gold and other commodities and the global concentrate market; exchange rates; anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; Mineral Reserves and Mineral Resources; our ability to unlock the potential of our brownfield property portfolio; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of productivity initiatives; the time and cost necessary for anticipated overhauls of equipment; expected by-product grades; the use, and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business; the sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that we operate in (including disruptions to shipping operations and related impacts). Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, risks relating to our operations in foreign jurisdictions (including disruptions to shipping operations) development risks at Skouries and other development projects; community relations and social license; liquidity and financing risks; climate change; inflation risk; environmental matters; production and processing; waste disposal; geotechnical and hydrogeological conditions or failures; the global economic environment; risks relating to any pandemic, epidemic, endemic or similar public health threats; reliance on a limited number of smelters and off-takers; labour (including in relation to employee/union relations, the Greek transformation, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and change in credit ratings); government regulation; the Sarbanes-Oxley Act; commodity price risk; mineral tenure; permits; risks relating to environmental sustainability and governance practices and performance; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); non-governmental organizations; corruption, bribery and sanctions; information and operational technology systems; litigation and contracts; estimation of Mineral Reserves and Mineral Resources; different standards used to prepare and report Mineral Reserves and Mineral Resources; credit risk; price volatility, volume fluctuations and dilution risk in respect of our shares; actions of activist shareholders; reliance on infrastructure, commodities and consumables (including power and water); currency risk; interest rate risk; tax matters; dividends; reclamation and long-term obligations; acquisitions, including integration risks, and dispositions; regulated substances; necessary equipment; co-ownership of our properties; the unavailability of insurance; conflicts of interest; compliance with privacy legislation; reputational issues; and competition. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR under our Company name, for a fuller understanding of the risks and uncertainties that affect our business and operations. The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the United States.
A big battery will plug into the solar corridor to the south of Canberra, with the profits to go to the taxpayer in a revenue-sharing first. or signup to continue reading Located next to existing powerlines and solar farms, construction has begun on Eku Energy's $400 million project that will bring 200 jobs for local tradies. The 250 megawatt/500 MW hour Williamsdale battery energy storage system located 35km south of Canberra will store enough renewable energy to power one-third of the capital for two hours during peak demand periods when it comes online in 2026. A critical energy asset for greater energy security and a bulwark against future price spikes, it is also a crucial step in the fight against climate change, according to ACT Chief Minister Andrew Barr. Importantly, a revenue-sharing deal means profits from the project will flow to the ACT and pay for more clean energy and other services for a growing population, he said in Williamsdale. "That is an important principle for our community, who want to see investment in renewable energy and battery storage not only supporting the effectiveness and reliability of our energy network but generating revenue." Recently re-elected and already the nation's longest-serving political leader, Mr Barr says the revenue-sharing model could be extended nationally as a good template for government procurement. Working with Evoenergy, Tesla Energy and the Australian Energy Market Operator, the Williamsdale battery will also be part of the NSW energy market and the broader east coast energy market. "The electrons flow in real time so what we would be replacing is the next most expensive form of generation when we dispatch," Eku Energy chief executive Daniel Burrows told AAP. It will provide additional supply when the market is tight, which should help lower wholesale prices and support making more clean energy available when it is required, he said. The battery will also provide more grid security by responding within milliseconds to demand and storing energy when it is abundant. "What we have in Australia is a prevalence of distributed energy - rooftop solar, large-scale wind and batteries - and a reasonably sophisticated grid," Mr Burrows said. "As we're doing business all around the world, other businesses, other governments, other industry players are looking to what happens here as to how we might manage the energy transition." Not a player in a nuclear energy future, he says Eku Energy focuses on projects that are "genuinely the most cost-effective and will stand the test of time". A $500 million set up by the company will be available to eligible local non-profit organisations for employment and education, social and environment initiatives. Another $500,000 will go to an Australian National University program that has been a testing ground for neighbourhood batteries and other technology. "Research funding in this area helps ensure we remain at the forefront of advancing technology for a clean energy future," Battery Storage and Grid Integration Program co-director Heather Logie says. Minister for Climate Change, Environment, Energy and Water Suzanne Orr donned high-vis gear to shovel dirt alongside Mr Barr in her first public engagement in her new portfolio. Simon Corbell, the architect of the ACT's clean energy transition as a Labor minister more than a decade ago, is one of her heroes, she told AAP. "Everyone has a different journey in coming to politics and mine has definitely been flavoured by the environmental movement," she said. Ms Orr, first elected in 2016, replaced former energy and emissions reduction minister Greens Leader Shane Rattenbury in the new government that has taken power without the ACT Greens as a partner. Canberra has already achieved a nation-leading 100 per cent renewable electricity supply and the ACT is aiming for net-zero emissions by 2045. The territory is phasing out household gas, with support for households to buy new appliances, electric vehicles, solar panels and batteries. But Ms Orr said the next stage of the transition will be more than "care and maintenance" of what has already been achieved. "I don't think anyone wants to rest on their laurels," she said. The Big Canberra Battery project that Mr Barr began as climate action minister will include the large-scale system in Williamsdale and neighbourhood-scale batteries at nine government sites. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. 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Advertisement AdvertisementDALLAS (AP) — Juan Soto gets free use of a luxury suite and up to four premium tickets behind home plate for regular-season and postseason New York Mets home games as part of his record $765 million, 15-year contract that was finalized Wednesday. The Mets also agreed to provide personal team security for the All-Star outfielder and his family at the team’s expense for all spring training and regular-season home and road games, according to details of the agreement obtained by The Associated Press. Major League Baseball teams usually provide security for player families in seating areas at ballparks. New York also agreed to assist Soto's family for in-season travel arrangements, guaranteed Soto will have uniform No. 22 and included eight types of award bonuses. Soto's suite will be valued at the Mets' prevailing prices, presumably for tax purposes, and after 2025 he can by each Jan. 15 modify or give up his suite selection for the upcoming season. He can request the premium tickets, to be used by family members, no later than 72 hours before the scheduled game time. The Yankees had refused to offer Soto a free suite. “Some high-end players that make a lot of money for us, if they want suites they buy them ... whether it's CC (Sabathia), whether it’s (Aaron) Judge, whether it’s (Gerrit) Cole, whether it’s any of these guys," general manager Brian Cashman said. "We've gone through a process on previous negotiations where asks might have happened and this is what we did and we’re going to honor those, so no regrets there." Cashman said the Yankees have a shared suite for player families and a family room with babysitting. Soto gets a $75 million signing bonus, payable within 60 days of the agreement’s approval by the commissioner’s office. The deal for the 26-year-old, which tops Shohei Ohtani's $700 million, 10-year contract with the Dodgers, was reached Sunday pending a physical that took place Tuesday. Soto receives salaries of $46,875,000 each in 2025 and 2026, $42.5 million in 2027, $46,875,000 apiece in 2028 and 2029 and $46 million in each of the final 10 seasons. Soto has a contingent right to opt out of the agreement within three days of the end of the 2029 World Series to become a free agent again, but the Mets have the an option to negate the opt-out provision by increasing the yearly salaries for 2030-39 by $4 million annually to $50 million and raising the total value to $805 million. If the club exercises its option to negate the opt-out provision, Soto can make his opt-out decision by the fifth day after the World Series. He has a full no-trade provision and gets a hotel suite on road trips. Soto would receive a $500,000 bonus for winning his first Most Valuable Player award and $1 million for each MVP award. He would get $350,000 for finishing second in the voting and $150,000 for finishing third through fifth. Soto was third in the AL voting this year. He would earn $100,000 for each All-Star selection and Gold Glove, $350,000 for World Series MVP and $150,000 for League Championship Series MVP. Soto would get $100,000 for selection to the All-MLB first or second team, $150,000 for Silver Slugger and $100,000 for the Hank Aaron Award. Award bonuses are to be paid by the Jan. 31 after the season in which the bonus is earned. AP MLB: https://apnews.com/hub/mlbNOVATO, Calif. , Dec. 11, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) today reported results for the fiscal year ended September 30, 2024 . "So far in 2024, the U.S. stock market and economy have thrived on a wave of optimism," said Neil Hennessy , Chairman and CEO. "With the presidential election and initial Federal Reserve rate cuts now behind us, investors can return their focus to core fundamentals of the U.S. economy, which appear solid." "Over the course of more than four decades in this business, I have witnessed the economic resilience of the United States through periods of high inflation, rising interest rates, and geopolitical uncertainty. Today, I believe many economic fundamentals are strong. Unemployment is low and stable, corporate earnings and cash flows are robust, and our banking system is both healthy and viable. With positive consumer sentiment, I see spending driving corporate profits, and I believe this will spur the stock market's continued growth through the end of the year and beyond. As always, our focus remains on navigating any economic environment to deliver long-term value for our shareholders," he continued. "In the one-year period ended September 30, 2024 , the Dow Jones Industrial Average returned 28.85% and the S&P 500 ® Index returned 36.35% (on a total return basis). Over the same period, all 17 Hennessy Funds posted positive returns. Over the longer term, 15 of the Hennessy Funds posted positive returns for the three-year period ended September 30, 2024 , and all 16 Hennessy Funds with at least 10 years of operating history posted positive returns for both the 5-year and 10-year periods ended September 30, 2024 ," stated Neil Hennessy . "In 2024, we successfully executed on all three fronts of our long-standing business strategy," said Teresa Nilsen , President and COO. "Over the twelve months ended September 30, 2024 , we purchased assets related to the management of $72 million in mutual funds, we welcomed $549 million in net new assets under management, and we benefited from nearly $1 billion in market appreciation." "The effective execution of our business model drove a 23% increase in our average assets under management over the prior year, creating a strong start to fiscal year 2025 with total assets under management up more than 50% since September 30, 2023 ," she continued. "Our fiscal year results reflect both the strength of our consistent strategy and the dedication of our talented team, whose focused efforts have driven the success of Hennessy Advisors for over 35 years. I am immensely proud of what we've accomplished and excited about the opportunities that lie ahead." Summary Highlights for the Fiscal Year (compared to fiscal year 2023): Twelve Months Ended Sept 30, Change 2024 2023 Dollar Percent Total Revenue $ 29,646,194 $ 24,019,874 $ 5,626,320 23.4 % Net Income 7,096,701 4,770,888 2,325,813 48.8 % Earnings Per Share (Diluted) 0.92 0.63 0.29 46.0 % Weighted Average Number of Shares Outstanding (Diluted) 7,721,781 7,603,676 118,105 1.6 % Average Assets Under Management 3,686,942,501 2,991,689,979 695,252,522 23.2 % As of Sept 30, 2024 2023 Total Assets Under Management $ 4,642,363,105 $ 3,032,041,791 $ 1,610,321,314 53.1 % Cash and Cash Equivalents, Net of Gross Debt Balance 23,671,594 20,225,668 3,445,926 17.0 % About Hennessy Advisors, Inc. Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‐and‐hold philosophy that rejects the idea of market timing. Supplemental Information Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Forward-Looking Statements This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‐looking statements relate to expectations and projections about future events based on currently available information. Forward‐looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‐looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‐looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations. View original content: https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-46-increase-in-annual-earnings-per-share-302329179.html SOURCE Hennessy Advisors, Inc.
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