Business
Weight Watchers App Down for Hundreds as Users Report Sign-In Errors on May 15
NEW YORK — Weight Watchers users across the United States and parts of Europe reported widespread disruptions Friday as the popular weight-management app experienced outages affecting login, tracking and program access, leaving many unable to log meals, check points or attend virtual meetings.
The @status_is_down account on X first flagged the issue Thursday afternoon, posting: “Weight Watchers is reportedly down for hundreds of users at the moment. Are you one of them?” The alert included a link to a Design Taxi community forum thread titled “Is Weight Watchers down? [May 15, 2026]” and quickly spread as frustrated subscribers shared their experiences.
Downdetector and similar outage-tracking sites showed a sharp spike in complaints throughout the afternoon and early evening, with problems centered on sign-in failures, “something went wrong” error messages and complete loss of access to personal accounts. Some users also reported issues with the companion website and virtual workshop features.
Multiple replies to the original post confirmed the scale of the disruption. One user wrote, “Yes and it bumped me out asking me to sign back in but when I try says ‘something went wrong’ hate this.” Another simply stated, “Mines not working,” while a third noted broader connectivity problems, adding “Xbox too now.”
The timing amplified frustration for many subscribers. Weight Watchers relies heavily on daily logging and real-time support, particularly for those in structured programs or preparing for weekend events. With many users treating the app as an essential tool for health and wellness routines, even brief outages can disrupt momentum and create anxiety around progress tracking.
Weight Watchers has not yet issued an official statement on the outage. The company’s status page and support channels remained silent as of late Friday afternoon, directing users to general troubleshooting guides. Past incidents involving the platform have typically been resolved within hours, though larger-scale disruptions have occasionally required extended fixes.
User Impact and Frustration
The outage affected a wide range of features, including food logging, activity tracking, community forums and virtual coaching sessions. For individuals in the middle of weight-loss journeys or those relying on the app for accountability, the sudden loss of access proved particularly disruptive. Some users reported being locked out mid-entry, losing partial logs or being unable to join scheduled meetings.
Social media platforms filled with similar complaints. Users expressed irritation over repeated sign-in loops and error messages, with several noting they had paid for premium subscriptions and expected uninterrupted service. The incident echoes broader frustrations with app reliability in the health and wellness sector, where users often depend on consistent access for motivation and data continuity.
Parents and caregivers juggling family responsibilities highlighted the added inconvenience of being unable to quickly log meals or access support during busy evenings. Others shared stories of relying on the app during medical weight management or post-surgery recovery, underscoring the practical importance of reliable service.
Broader Context of App Reliability
Weight Watchers, rebranded as WW in recent years, has faced growing competition from newer apps and platforms offering similar tracking tools. The company has invested heavily in digital transformation, expanding virtual offerings and integrating AI-driven coaching features. However, like many tech-dependent services, it remains vulnerable to backend issues, server overloads or third-party integration problems.
This is not the first time Weight Watchers has experienced outages. Similar incidents have occurred during peak usage periods, such as New Year’s resolution seasons or major program launches. Industry experts note that health apps often see usage spikes in the evenings and on weekends, times when support teams may be limited.
The current disruption arrives as the company continues navigating post-pandemic shifts in consumer behavior. Many users have embraced hybrid models combining app tracking with in-person or virtual workshops. Any interruption in digital access can therefore ripple into overall program satisfaction and retention.
Possible Causes and Technical Insights
While Weight Watchers has not commented publicly, common causes for such outages include server maintenance, unexpected traffic surges, database synchronization issues or problems with authentication systems. The repeated “something went wrong” messages reported by users often point to backend authentication or API failures rather than widespread internet issues.
Experts suggest the problem may stem from high concurrent usage or a recent update rollout that introduced unforeseen bugs. Weight Watchers has been rolling out enhanced features, including improved recipe integration and personalized coaching tools, which could strain systems if not fully optimized.
Users attempting basic troubleshooting steps — restarting apps, clearing cache, or trying alternative devices — reported limited success, further indicating a server-side rather than local issue.
What Users Can Do
Weight Watchers recommends standard troubleshooting for affected subscribers:
- Force-close and reopen the app
- Check for app updates in the App Store or Google Play
- Try accessing via the website on a desktop or laptop
- Use Wi-Fi instead of cellular data to isolate network-specific problems
- Clear app cache and data if on Android devices
For persistent issues, the company directs users to contact customer support through the app or website once service resumes. Premium members may qualify for credits or extensions on subscription periods affected by outages, though details depend on individual account terms.
Many users turned to alternative tracking methods temporarily, including manual journaling or competitor apps, while awaiting restoration. Some communities on Reddit and Facebook offered workarounds and shared progress updates to maintain accountability during the disruption.
Company Response and Future Outlook
Weight Watchers has built its modern identity around digital accessibility and community support. Outages like this one test user loyalty and highlight the need for robust infrastructure as the company expands its technological offerings. Industry observers expect the company to provide a detailed post-incident explanation once service fully restores, potentially including compensation for affected subscribers.
The incident also serves as a broader reminder of reliance on digital health tools. As more people incorporate apps into wellness routines, expectations for uptime and reliability continue to rise. Companies in the space are investing heavily in redundancy and monitoring to prevent similar disruptions.
For now, affected users continue monitoring official channels and outage trackers for updates. Many expressed hope for quick resolution, particularly those in the middle of structured programs or facing upcoming health milestones.
The Weight Watchers outage joins a growing list of recent service disruptions across popular apps and platforms, underscoring the challenges of maintaining seamless digital experiences at scale. While temporary, these incidents highlight how deeply integrated technology has become in daily health and lifestyle management.
As Friday evening progressed, some users reported gradual improvement, though others continued experiencing issues. The company is expected to provide further updates as it works to restore full functionality and address any lingering problems.
In the meantime, subscribers are encouraged to use alternative methods for tracking and to reach out to support once systems stabilize. The episode, though disruptive, also fostered a sense of community among users sharing similar frustrations and offering mutual encouragement during the outage.
Weight Watchers has built a global brand around support and progress. Today’s technical difficulties tested that promise for many, but the company’s history suggests a strong focus on resolving issues and retaining user trust once service returns to normal. For millions relying on the platform daily, the swift restoration of access remains the immediate priority.
Business
Thousands of Videos Crucial in Nancy Guthrie Disappearance Case
TUCSON, Ariz. — Pima County Sheriff Chris Nanos said Thursday that digital evidence has become the cornerstone of the investigation into Nancy Guthrie’s disappearance, revealing that investigators are painstakingly cataloging “thousands and thousands of videos” from doorbell cameras, traffic intersections and private security systems to build a comprehensive timeline of the 84-year-old’s final hours before she vanished from her Catalina Foothills home.
More than 100 days after Nancy Guthrie was last seen on January 31, the sheriff’s office is shifting its focus from active search efforts to a meticulous digital reconstruction of events. Nanos confirmed that footage captured on a Ring doorbell camera shows a masked individual approaching her residence around the time she returned home after a family dinner with her daughter Annie and son-in-law Tommaso Cioni. The sheriff described the video as one of several critical pieces in an ever-expanding digital map authorities are constructing.
“There’s thousands and thousands of videos out there from intersections and Ring cameras that we have to catalog,” Nanos told reporters. “We are making meticulous catalogs of digital evidence to identify patterns that may ultimately expose the culprit.”
The update marks a significant evolution in the high-profile case that has captivated national attention, largely due to Nancy’s connection to her daughter Savannah Guthrie, co-anchor of NBC’s “Today” show. While early weeks focused on physical searches of the surrounding desert areas, authorities now emphasize forensic analysis of electronic trails, including cell phone data, financial records and extensive video surveillance.
Massive Digital Evidence Review Underway
Investigators have collected footage from dozens of nearby homes, businesses and public roadways. Advanced software is being used to timestamp and cross-reference clips, creating a virtual timeline of movements in the Catalina Foothills neighborhood on the night of January 31 and the following morning. Blood evidence discovered inside Nancy’s home has also been sent for advanced DNA testing, with some results still pending.
Nanos stressed that the volume of material requires significant resources and time. “This is not a simple case,” he said. “We are dealing with a mountain of digital information that must be reviewed methodically to ensure nothing is missed.” The FBI continues to provide technical assistance, particularly in areas of cyber forensics and behavioral analysis.
A masked suspect seen on the doorbell footage remains a primary person of interest. Authorities have circulated the image widely but have not yet identified the individual. Early cryptocurrency ransom demands were investigated and dismissed as non-credible.
Family Cooperation and Cleared Relatives
Sheriff Nanos reiterated that Nancy’s family, including Savannah, Annie and Tommaso Cioni, have been fully cooperative and are not considered suspects. Cioni, who dropped Nancy off after dinner, has been cleared through polygraphs, vehicle forensics and extensive interviews. Despite this, online speculation and conspiracy theories continue to swirl, fueled in part by recent comments from celebrities like Khloé Kardashian.
The Guthrie family has offered a $1 million reward for information leading to Nancy’s safe return or the arrest of those responsible. Savannah Guthrie has made occasional public appeals while largely stepping back from her high-profile television role to focus on the family’s private grief.
Challenges in a Complex Investigation
The case presents unique difficulties. There was no immediate eyewitness to the abduction, and the crime scene showed signs of forced entry but limited physical evidence beyond the bloodstains. No ransom note or clear motive has emerged, leaving investigators to consider possibilities ranging from a targeted attack to a random home invasion gone wrong.
Nanos acknowledged the emotional weight on the family and the Tucson community. “Every day without answers is painful,” he said. “But we are making steady progress through technology and community tips.” The sheriff urged residents to continue submitting any relevant video or information, no matter how insignificant it may seem.
Celebrity Attention Keeps Pressure High
The case gained renewed national visibility after Khloé Kardashian discussed it on her podcast, expressing skepticism about the lack of breakthroughs and questioning whether all information had been released. Her comments generated millions of views and reignited online discussions, including conspiracy threads that law enforcement has repeatedly discouraged.
While celebrity interest can generate valuable tips, authorities warn that baseless speculation can complicate investigations and harm innocent parties. Former FBI agents following the case have urged the public to focus on verified facts and submit credible information through official channels.
What’s Next in the Investigation
With the case now firmly in the evidence-gathering phase, detectives are prioritizing digital forensics, witness follow-ups and advanced laboratory testing. Genetic genealogy techniques are being explored for unidentified DNA samples. The sheriff’s office continues to receive dozens of tips weekly, many of which require verification.
No timeline for resolution has been offered, but Nanos expressed quiet confidence that the combination of digital mapping, forensic advances and persistent public appeals will eventually yield results. “We are building a case that will hold up,” he said. “This investigation is very much active and ongoing.”
For the Guthrie family, the wait stretches into its fifth month. Friends describe them as resilient but deeply affected, clinging to hope while preparing for the possibility that answers may take time. Community vigils and ribbon campaigns in Tucson continue, serving as quiet reminders of a beloved local resident whose sudden disappearance has left a lasting void.
The Nancy Guthrie case stands as a sobering example of how modern investigations increasingly rely on digital breadcrumbs in an era of ubiquitous cameras and connected devices. As Sheriff Nanos and his team catalog thousands of videos and pursue every lead, the hope remains that this painstaking work will eventually bring closure to a family and a community still searching for answers more than 100 days after Nancy Guthrie walked through her front door for the last time.
Anyone with information is strongly encouraged to contact the Pima County Sheriff’s Department tip line or submit tips anonymously. The $1 million reward remains one of the largest in Arizona history, underscoring both the urgency and importance of this investigation. As digital evidence continues to be reviewed, authorities believe the key to solving this mystery may already exist in plain sight — captured on one of the thousands of cameras that blanket modern life.
Business
Reyes Coca-Cola to close Ventura plant after over 100 years
Osaic chief market strategist Phil Blancato analyzes the latest trends from CES 2026, focusing on A.I.’s impact on Amazon’s future and more on ‘Making Money.’
A large Coca-Cola bottling plant in Southern California will shut down permanently this summer, ending a longstanding relationship between the company and the city.
Reyes Coca-Cola Bottling made the announcement in a May 8 WARN (Worker Adjustment and Retraining Notification) notice – a legally required 60-day “heads-up” that employers must give to workers before a major layoff or office closure.
“We regularly assess our locations, products, and services to ensure we can continue driving sustainable growth and innovation across our business,” a spokesperson for Reyes Coca-Cola Bottling wrote to SFGATE. “As such, we have announced the closure of our Ventura Distribution Center and the transfer of operations to our other Southern California facilities.”
COCA-COLA’S SUGARCANE SHIFT: STATES THAT COULD BENEFIT FROM THE BEVERAGE GIANT’S LATEST MOVE

Bottles of Coca-Cola are displayed on a store shelf on Feb. 10, 2026 in Greenbrae, Calif. (Justin Sullivan/Getty Images)
The closure of the Ventura plant will impact 85 employees, the company said.
“Most (78) will be reassigned to other RCCB facilities,” the spokesperson said. “Additionally, affected employees have the option of applying for any open roles for which they are qualified within RCCB and our sister companies.”

Cases of Coca-Cola soda are displayed at a Costco Wholesale store on April 27, 2025, in San Diego, Calif. (Kevin Carter/Getty Images / Getty Images)
The last day of operations will be July 10, Reyes Coca-Cola Bottling said. The roles slated for elimination include drivers, fleet mechanics, merchandisers and customer growth representatives.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| KO | THE COCA-COLA CO. | 81.03 | +0.56 | +0.69% |
The facility was most recently used as a distribution center. The closure will end Ventura’s long relationship with Coca-Cola, which spanned more than a century, according to local reports.
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FOX Business has reached out to Reyes Coca-Cola Bottling and the city of Ventura for further comment.
A Coca-Cola plant in American Canyon, California, closed last year, laying off 135 employees in August 2025. That same month, Reyes Coca-Cola Bottling closed its Salinas plant after more than seven decades, SFGATE reported.
Business
Form 13G Satellos Bioscience Inc. For: 15 May

Form 13G Satellos Bioscience Inc. For: 15 May
Business
Peter Thiel-Backed Startup Cognition Bets Its AI Can Boost Hiring
Artificial-intelligence coding startup Cognition is expanding across Asia, looking to plug a “software deficit” with an automation tool it bets can lead to more hiring, not less.
The Peter Thiel-backed company, valued at over $10 billion after its most recent funding round, is active in one of the most competitive segments of the generative AI market: software coding.
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Form 13G ADT Inc. For: 15 May

Form 13G ADT Inc. For: 15 May
Business
UAE quits OPEC, triggering what experts say could be a full cartel collapse
‘The Big Money Show’ panelists comment on the financial impact on Iran as the U.S. tightens the blockade, the U.A.E. departing from OPEC and more.
The price of gasoline is set to drop as the Organization of Petroleum Exporting Countries (OPEC) appears poised to collapse, experts predict. OPEC has long kept crude oil prices higher than they would otherwise be. If this pans out, it will be a major victory for the Trump administration, which is resetting global energy markets.
The news of a probable end of the oil cartel also vindicates President Donald Trump, who has previously said OPEC is “ripping off the rest of the world.” For a long time, the president has led a pressure campaign against OPEC, which has vast crude oil reserves that could easily be pumped. But the organization restricts the number of barrels of oil that each country may pump each day. That keeps gasoline prices elevated across the U.S. and much of the rest of the world.
Phil Flynn, senior market analyst at The PRICE Futures Group and a FOX Business contributor said, “Over time, the breakup of the cartel should cause gas prices to fall. With more player pricing, oil only being contained by market forces should lead to an ounce of supply and lower prices. Competition is good as it lowers prices and collusion by producers raises prices.”
WHAT A UAE EXIT FROM OPEC MEANS AND WHY IT MATTERS

Smoke and flames rise at the site of airstrikes on an oil depot in Tehran on March 7, 2026. (Sasan/Middle East Images/AFP via Getty / Getty Images)
The poster child for the possible beginning of the end of OPEC came in late April when the United Arab Emirates (UAE) announced it would quit OPEC and OPEC+ on May 1.
Flynn linked the U.S.-Israel war with Iran as a historic marker. “I think that is a real possibility and more OPEC countries want to control their own destiny. In fact, when we look back at one of the strategic victories from Operation Epic Fury, it is that it has changed the face of the OPEC cartel forever and shifted energy dominance from the cartel back into our hemisphere. The UAE was getting tired of playing second fiddle to Saudi Arabia, the de facto leader of the cartel. The UEA wants to assert its leadership and has a competitive goal to not only increase oil production in the long term, but it wants to assert itself as the leader of the region.”

OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria Sept. 28, 2016. (Ramzi Boudina/File Photo/Reuters / Reuters)
The simple act of the UAE quitting the cartel led immediately to OPEC losing out in a big way.
“[The UAE’s] departure removes both production weight and institutional credibility, and that’s got to be a concern to Saudi Arabia and others who remain,” says Elaine Dezenski, head of the Foundation for the Defense of Democracies’ (FDD) center on economic and financial power. “I think we’re now seeing one of the final nails in the coffin for OPEC. We’re seeing alignment from the UAE towards the U.S., which is, I think, part of a broader economic statecraft.”
Some analysts say there is also a high likelihood that the UAE’s decision to leave OPEC could trigger a domino effect. Other OPEC countries will have seen the news that the UAE will be able to increase their daily production from slightly more than three million barrels a day to five million next year. That gain in production could easily prompt countries such as Iraq to jump ship, as they would then be free to pump as much oil as they can and need rather than be constrained by OPEC quotas.
HOW VENEZUELA WENT FROM SOUTH AMERICA’S RICHEST TO POOREST ECONOMY DESPITE MASSIVE OIL RESERVES

Oil prices edged down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. Photographer: Luke Sharrett/Bloomberg via Getty Images (Photographer: Luke Sharrett/Bloomberg via Getty Images)
Not everyone sees the cartel’s end.
“OPEC+ is not built around noise. It is built around capacity, credibility, and coordination,” Salman Al-Ansari, a Saudi geopolitical analyst, told FOX Business. “On these fronts, the UAE is not among the most decisive players in the group. Politically, this appears less like a major economic rupture and more like a symbolic move to signal leverage and independence. But symbolism does not always translate into influence.”
Al-Ansari doesn’t foresee a collapse of OPEC. “I believe OPEC+ can continue to function and thrive,” he said. “The institution has managed internal differences before, and its strength ultimately depends on disciplined coordination rather than political signaling.”
But there’s an additional aspect to OPEC’s potential downfall.
“Cartels have a long history of working efficiently for a while and then collapsing,” Pete Earle, director of economics and economic freedom at the American Institute for Economic Research, told FOX Business. The reason for that is that members of oil cartels have an incentive to produce more fuel than their OPEC production quota. And, the cheating can ultimately lead to a breakdown of the organization, he said.
There are some things that will be different if OPEC disappears. “I don’t know whether American energy producers, oil producers, will feel happy about a lower oil price,” said Bernard Haykel, a senior fellow at FDD.
That said, major American energy companies are highly innovative at adapting to economic changes. They have done so for many decades, so lower prices might not pose a significant challenge.

TOPSHOT – Commercial vessels are pictured offshore in Dubai on March 11, 2026. New attacks hit three commercial ships in the Gulf on March 11, with one of the vessels in flames as Iran pressed its campaign against its oil-exporting neighbours, threat (AFP via Getty Images)
Earle also said that while oil prices will come down without OPEC, they will be more volatile, making for a roller-coaster ride for anyone buying gasoline. However, there are ways for energy companies to use sophisticated financial derivatives to smooth some of the volatility.
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Earle said some countries rely heavily on oil revenues, and falling prices might lead to unintended consequences. “Lower, less stable prices that would possibly translate into domestic instability.” He continued, “Iraq and Nigeria would probably be impacted by instability.”
Whatever happens to OPEC, there is some good news on the horizon.
“We’re likely to see lower prices in the future. I’m not talking now or in six months, but let’s say a year from now, once things get back to normal, you’ll see a much lower price because of this UAE decision,” Haykel said.
Flynn, a FOX Business contributor, said, “OPEC is not only on life support, it is dead in the traditional sense. This is no longer your daddy’s OPEC and oil politics have changed forever because of what has happened since Operation Epic Fury. Still, as long as Saudi and Russia, their non-OPEC competitor, stay together, they are still a force that cannot be ignored.
Business
Telefonica Stock Rises After Adjusted Earnings, Revenue Beat Expectations
Shares in Telefonica TEF -2.43%decrease; red down pointing triangle rose after the company reported revenue and adjusted earnings that exceeded expectations for the first-quarter as the group continues to deliver on its transformation plan.
In early morning trading, shares were up 5.1% at 4.01 euros. Year to date, shares have risen slightly above 14%.
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Business
A1 Taxis St Albans Launches Wedding Hire Service Amid Growing Demand for Organised Event Travel
A1 Taxis St Albans, a well-established private hire and airport transfer company serving Hertfordshire and neighbouring areas, has announced the launch of a dedicated wedding hire service as part of its wider expansion into specialist transport solutions.
The development, first revealed by CEO Waqar Khan last month, reflects growing demand for professionally managed transport within the UK wedding industry — a sector increasingly influenced by organisation, guest experience, and reliability rather than simply ceremonial travel.
Best known for airport transfers, chauffeur services, and long-distance private hire journeys, the company’s latest move highlights how regional transport operators are adapting to changing consumer expectations within the events market.
Industry observers note that transport has become a far more important element of wedding planning in recent years, particularly as venues continue to move further from city centres and guest lists become more geographically spread across the UK and overseas.
For many couples, ensuring guests arrive comfortably and on time — especially at countryside venues, hotels, and multi-location celebrations — is now viewed as an essential part of the overall event experience.
According to Waqar Khan, the company experienced a notable increase in enquiries relating to wedding transport throughout the past year, including requests for guest transfers, executive travel for bridal parties, and coordinated multi-vehicle bookings.
Rather than positioning the service solely around luxury travel, Khan says the focus is on delivering dependable and well-organised transport that helps reduce logistical pressure for couples and their families during major occasions.
The new wedding hire division is expected to include chauffeur-driven executive vehicles, larger passenger transport options, airport transfers for international guests, and tailored travel coordination for ceremonies, receptions, and evening functions.
The expansion also reflects a broader trend across the UK private hire industry, where operators are increasingly diversifying beyond traditional taxi services in response to shifting consumer habits and changing travel patterns following the pandemic.
Many regional firms are now focusing on specialist transport sectors such as corporate travel, event logistics, long-distance journeys, and premium passenger services as competition within standard taxi markets continues to intensify.
Transport analysts suggest weddings represent an especially attractive market due to the operational complexity involved and the high expectations placed on service providers — areas where established transport companies already possess significant experience.
Unlike single-vehicle luxury hire providers, larger transport operators often have the infrastructure required to coordinate multiple vehicles, adapt to timing changes, monitor traffic conditions in real time, and manage late-night guest transport — all increasingly important within modern wedding planning.
The UK wedding sector itself has continued to recover strongly following the disruption caused by the pandemic, with couples placing greater emphasis on convenience, guest comfort, and fully coordinated event experiences.
In many cases, transport is no longer viewed as an optional extra but as a key operational part of the day itself.
For regional companies such as A1 Taxis St Albans, this shift presents an opportunity to utilise existing operational expertise while expanding into higher-value service categories.
Company management says the wedding hire service will initially focus on St Albans, Hertfordshire, London connections, and surrounding counties, with plans to cater for both intimate ceremonies and larger-scale wedding events.
The offering is also expected to support airport arrivals and transfers for overseas family members and guests — an area where the company’s existing airport transfer operations provide a natural advantage.
Industry experts believe the combination of professional transport logistics and hospitality-style customer service is becoming an increasingly important differentiator within the wider transport sector.
As weddings become more experience-led, transport providers are being expected to deliver not only punctuality, but also professionalism, presentation, communication, and flexibility throughout the event.
For established operators, this creates both new commercial opportunities and higher expectations around service quality.
While wedding transport has traditionally been associated with chauffeur companies and luxury vehicle specialists, the entry of larger operational transport providers could gradually reshape the sector by combining premium travel with broader logistical capabilities.
For A1 Taxis St Albans, the launch marks another step in the continuing evolution of regional mobility businesses adapting to an increasingly competitive and service-focused transport landscape.
And as consumer expectations continue to move towards reliability, coordination, and seamless travel experiences, wedding transport may emerge as one of the UK mobility sector’s fastest-growing specialist markets.
Business
Alkane Resources Ltd (ALK:CA) Q3 2026 Earnings Call Transcript
Operator
Good day, and thank you for standing by. Welcome to the Alkane Resources Q3 Full Year 2026 Operating and Financial Results Conference Call and Webcast. [Operator Instructions] Please note that today’s conference is being recorded. I would now like to turn the conference over to Natalie Chapman, Corporate Communications Manager. Please go ahead.
Natalie Chapman
Corporate Communications Manager
Hello, everyone. Thank you for joining our call today. Some housekeeping items to note. The accompanying presentation for today’s call is available for download from the company’s website at alkres.com. Today’s press release, the financial statements and the MD&A are all posted on our website and SEDAR+. For those on the webcast, please move through the presentation slides yourself as directed by our presenters.
Moving on to Slide 2. I’ll remind everyone that this conference call contains forward-looking information that is based on the company’s current expectations, estimates and beliefs and may also use terms that are non-IFRS performance measures. Please review Alkane’s quarter 3 fiscal year 2026 disclosure materials for the risks associated with this forward-looking information and the use of non-IFRS performance measures.
Please note that all dollar amounts mentioned on today’s call are in Australian dollars, unless otherwise stated. Also, as management reviews the results, please remember that Alkane has a June 30 fiscal year-end. So the quarter ending March 31, 2026, is the third quarter of our 2026 fiscal year. And as we closed the merger with Mandalay Resources on August 5, 2025, our group financial and operating results for quarter 3 2026 shown today only include 8 months from
Business
Gold Edges Higher But Remains Pressured By Inflation Concerns
Gold prices were holding above $4,700 a troy ounce, but remained pressured by expectations of higher-for-longer interest rates following the latest U.S. inflation data.
“Gold extended losses after U.S. wholesale inflation accelerated in April to its fastest pace since 2022, while Treasury yields climbed toward their highest levels since July, weighing on non-yielding assets,” said Soojin Kim from MUFG.
In early trade, gold futures in New York were up 0.2% to $4,718 a troy ounce. Meanwhile, silver fell 1.4% to $88.12 an ounce and platinum was down 2.1% to $2,150.60 an ounce.
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