Orezone (ASX:ORE) reported Thursday first quarter adjusted earnings of $0.07 per share, up from $0.04 a year earlier.
Analysts polled by FactSet expected earnings of $0.06.
Revenue for the three months ended March 31 was $185.9 million, compared with $82.7 million a year earlier. Analysts surveyed by FactSet expected $178.1 million.
The company expects 2026 gold production at the Bombore Mine of 160,000 to 180,000 ounces, with all-in sustaining costs of $2,100 to $2,300 per ounce of gold sold.
Black Canyon's (ASX:BCA) ongoing beneficiation trials generated high-grade manganese oxide products with grades over 40% from blended low, medium, and high-grade Wandanya feeds through density-based heavy liquid separation, according to a Thursday filing with the Australian bourse.Blend one achieved manganese concentrations of nearly 42% and 45% from a 32% feed grade at densities of 2.8 grams per cubic centimeter (g/cm3) and 3.0 g/cm3. Blend two upgraded a 29% feed grade to 41% and nearly 44% manganese at the same densities.Manganese recoveries for both blends ranged from 73% to 82%, with low penalty elements in the beneficiated products, the filing said.
ALSOK (TYO:2331) and Carlyle-backed TCG2511 will launch a tender offer for Nippon Dry-Chemical (TYO:1909) at 3,730 yen per share, aiming to acquire all outstanding shares of the fire protection equipment maker, according to a Thursday filing on the Tokyo Stock Exchange.The offer will run from May 14 to June 29 and targets full ownership of the company, with a minimum acceptance threshold of 13.5 million shares and no upper limit. If the condition is met, the buyers plan a squeeze-out through share consolidation, potentially leading to delisting under exchange rules.ALSOK already holds about 16% of Nippon Dry-Chemical and has treated it as an equity-method affiliate since 2016. Carlyle, through the joint acquisition vehicle, holds no prior stake.The companies said they will retain ALSOK and Carlyle as the ultimate shareholders after a post-transaction restructuring involving a holding company, with ownership split roughly 51:49.Nippon Dry-Chemical's board has endorsed the tender offer and recommended shareholders tender their holdings after reviewing valuation, premium levels and strategic rationale.