Stock News for Investors: Strong Gold Prices, Complete Theater and Stable Grocery Sales Tagged TSX Company’s Q2

As a result, it lost $21.4 million or 33 cents in the same quarter last year.

Revenues for the quarter totaled $361.8 million, up from $277.3 million a year ago.

Theater attendance rate is 11.6 million, up from 8.7 million. Cineplex said it sets the box office history of each sponsor at $13.68 and the franchise of each sponsor at $10.04.

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Barrick Mining reported growth as second-quarter profit, despite $100 million written on Mali Mines

Barrick Mining Corp. charged $1.04 billion in its second quarter, in connection with the loss of control of the gold mines in Mali, but profits remained rising due to rising gold prices and asset sales.

The Toronto-based mining company said on Monday it earned $811 million or 47 cents in U.S. stock in the quarter ended June 30, up from $370 million or 21 cents a year ago. Profits rose as the price of gold it sold rose 41% from last year to $3,295 an ounce. Gold prices have largely climbed due to fears of instability raised by the Trump administration’s economic policies.

After a judge in the country ruled a six-month ruling by the Provisional Government in June, it was written that the value of its Loulo-Gounkoto mine in Mali was offset by its gold price at the Loulo-Gounkoto mine in Mali.

Barrick Gold clashed with the military rulers of Mali, allegedly signing unfair taxes and unfair contracts with past governments. The controversy finally peaked in December for Barrick CEO Mark Bristow and the company’s proposed arrest warrant for paying the government $370 million. Since then, the government has also arrested Barrick employees who were detained and suspended gold exports, but Bristol said on Monday’s call that it is still possible to resolve the deadlock during the arbitration process. Bristol discussed the company’s latest financial results on the call. “When you are involved in the conversation, there are always opportunities. Of course, there are some activities in Mali, which complicates the process.” He said the company continues to manage the situation in a measured and constructive way, continuing to arbitrate to find a way forward.

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While Mali’s allegations depend on the outcome, earnings also hit a $745 million balance in the quarter due to a 50% interest sold in the Tanglin Gold project in Alaska. Since the quarter ended, the company has also announced its Alturas project in Chile for $50 million, and it is also negotiating the sale of Hemlo, its last Canadian gold mine.

Bristol said mines like Hemlo have a lot of appetite, and the company has increased its large gold reserves in recent years, making it a good time to review its stake. “It makes sense to rationalize your portfolio from time to time,” he said. “When there are buyers in the market, now is a good time.” Barrick noted in his latest results that producing 32,000 ounces of Hemlo this quarter was not a core part of his portfolio.

Barrick said it earned 47 cents per share in the latest quarter, up from 32 cents adjusted profit in the same quarter last year, according to an adjusted basis. According to LSEG data and analysis, the average analyst estimates earnings per share is 45 cents per share. Revenues for the quarter totaled $3.68 billion, up from $3.16 billion a year ago. Gold production for the quarter totaled 797,000 ounces, down from 948,000 ounces a year ago. Copper production totaled 59,000 tons, up from 43,000 tons a year ago.

RBC analyst Josh Wolfson said the overall results were mixed together, and their operating results were as expected, while financial results were partly noisy, partly due to asset sales.

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Maple Leaf Food Report Reports Q2 Profits Rises Powered by Pork Business

Maple Leaf Foods Inc. reported a second-quarter profit of $57.8 million, compared with a loss of $26.2 million a year ago. The company said Thursday that its earnings were 46 cents per share for the quarter ended June 30, up from a loss of 21 cents per share in the same period last year.

Maple Leaf said it had earned 56 cents per share in the latest quarter, up from adjusted earnings of 18 cents a year ago.

Total sales for the quarter were $1.36 billion, up from $1.26 billion a year ago. Maple Leaf said its prepared food sales rose 7.5%, while poultry sales rose 8.5%. Pork sales rose 10.7%.