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Capricorn Metals Shares Jump Over 8% as Gold Miner Lifts Reserves 33% to Fuel Blistering Rally This Year

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Capricorn Metals Shares Jump Over 8% as Gold Miner Lifts

PERTH — Shares of Capricorn Metals Ltd surged 8.16% on Wednesday to close at $14.115, extending one of the standout rallies among Australian gold producers this year, as the Western Australian miner continues to benefit from a combination of strong operational execution, rising bullion prices and a substantial upgrade to its mineral reserve base.

The gain builds on a remarkable run for Capricorn shares in 2026, with the stock climbing more than 100% over the trailing 12 months, according to recent trading data, comfortably outpacing both the broader S&P/ASX 200 index and the wider Australian metals and mining sector. Over the past six months alone, the stock has outperformed the ASX All Ordinaries Index by more than 50 percentage points, reflecting sustained investor demand for exposure to the company’s growing gold production base.

A Major Reserve Upgrade

A key catalyst behind the company’s recent strength was an announcement of a 33% increase in group ore reserves to 5.24 million ounces, alongside a 29% lift in group mineral resources to 8.66 million ounces. The upgrade spans both the company’s flagship Karlawinda Gold Project and the emerging Mt Gibson Gold Project, materially extending mine life and production potential across its portfolio.

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At Karlawinda, reserves now stand at approximately 1.57 million ounces, underpinning a planned expansion of production capacity to 150,000 ounces per year and supporting a mine life of around ten years at that elevated production rate. The reserve growth has given investors greater confidence in the durability of Capricorn’s production profile at a time when gold miners across the sector have faced questions about the sustainability of near-term output given rising development and operating costs.

Riding a Broader Gold Sector Rally

Capricorn’s gains this week have also come against the backdrop of a broader rally across Australian gold equities, with elevated bullion prices continuing to support margins for unhedged producers such as Capricorn. As a pure-play gold producer with limited exposure to other commodities, unlike more diversified miners, Capricorn’s share price performance tends to track closely with both broader gold sector fundamentals and the company’s own ability to convert those favorable conditions into operational execution and production growth.

Wednesday’s move outpaced the broader materials sector, which also finished the session higher, with the S&P/ASX 200 index climbing 1.40% to close at a fresh record. The S&P/ASX 200 Materials index added a further 1.08%, providing a supportive backdrop for mining stocks more broadly, though Capricorn’s gains notably exceeded the sector average, reflecting company-specific enthusiasm on top of the broader tailwind.

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Analysts Point to More Than Just Commodity Prices

Market analysts have cautioned that commodity price appreciation alone is insufficient to fully explain the scale of Capricorn’s outperformance relative to peers, noting that equity valuations tend to expand more significantly when producers demonstrate operational resilience combined with favorable macro conditions. Capricorn’s consistent delivery against production guidance, disciplined portfolio management and its recent reserve upgrades have all been cited as factors that have helped the company command a premium among investors relative to some of its Australian gold sector peers.

A Strong Balance Sheet

The company’s financial position has continued to strengthen alongside its operational growth, with rising free cash flow generation supporting further investment in exploration and development activity across its project portfolio. That financial flexibility has been viewed by analysts as an important factor in the company’s ability to fund the kind of reserve growth demonstrated in its most recent update without requiring significant additional external capital.

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With gold prices remaining elevated and Capricorn continuing to deliver on both production targets and resource growth, the company’s shares are likely to remain closely watched by investors seeking exposure to the Australian gold sector. The durability of the current rally will likely depend on the company’s ability to continue translating its expanded reserve base into sustained production growth, as well as the broader trajectory of gold prices in the months ahead.

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Full Puzzle 1151 Solution Guide

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Nancy Guthrie

Players working through Wednesday’s New York Times Connections puzzle were met with a grid that blended straightforward synonyms with a tricky wordplay twist, testing solvers’ ability to spot both surface-level categories and a hidden meaning buried in a single common word.

Connections, the daily word-grouping game from The New York Times, challenges players to sort 16 words into four hidden groups of four, each sharing a category that isn’t revealed until the puzzle is solved or given up on. Players are allowed four mistakes before the puzzle ends, and categories are color-coded by difficulty, with yellow representing the most straightforward grouping and purple reserved for the trickiest, often pun-based or definition-driven connection.

Wednesday’s 16 Words

Today’s puzzle, game number 1,151, presented players with the following 16 words, listed alphabetically so as not to give away any groupings: BROTH, CAPE COD, CATTLE, DIESEL, DRIVE, GAP, INVESTMENT, LUCKY, MANEUVER, MERCHANDISE, MISSION, PILOT, RANCH, STEER, TUDOR and WRANGLER.

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At first glance, the list appeared to scatter across several unrelated themes, ranging from cooking and finance to real estate and denim, a hallmark of Connections’ design that often hides simple categories among words that seem to belong to entirely different contexts.

Hints for Each Category

For players who wanted a nudge before diving into the full solution, puzzle solvers offered a hint for each of the four color-coded groups, presented from easiest to hardest.

The yellow group, generally the most accessible, pointed toward words describing ways of getting from one place to another, hinting at a category built around the idea of directing or controlling movement.

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The green group’s hint pointed toward a more specific and slightly trickier theme tied to architecture and home design, encouraging players to think beyond the words’ more common everyday meanings.

The blue group required recognizing a set of denim clothing brands, a category that leaned on pop culture and retail familiarity rather than wordplay.

The purple group, as is typical for the puzzle’s most difficult category, hinged on a single word’s multiple definitions. The hint for Wednesday’s purple group pointed players toward words that share a common meaning when paired with the word “stock,” encouraging solvers stuck on a word like “stock” itself to think through its many different senses rather than fixating on just one.

Today’s Full Answers

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For those ready to check their work or who had exhausted their guesses, here is the complete breakdown of Wednesday’s four categories.

The yellow group, centered on the idea of navigating or steering, included DRIVE, MANEUVER, PILOT and STEER, four words that can each describe the act of guiding or directing movement, whether behind the wheel of a car, at the helm of a plane, or in a more figurative sense.

The green group grouped together CAPE COD, MISSION, RANCH and TUDOR, four recognizable American house styles that share names with broader architectural traditions, a category that likely tripped up players who initially read the words through a different lens, such as geography or cattle ranching.

The blue group brought together DIESEL, GAP, LUCKY and WRANGLER, four well-known jeans and denim brands that populate department store racks and outlet malls across the country.

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The purple group, true to form as the puzzle’s hardest category, connected BROTH, CATTLE, INVESTMENT and MERCHANDISE through their shared relationship to the word “stock.” Broth is another word for cooking stock, cattle are commonly referred to as livestock, an investment can take the form of stock in a company, and merchandise held in inventory is often described as stock on hand. The four words each pair naturally with “stock” while representing entirely different meanings of the term, a classic example of the kind of definitional wordplay that regularly appears in Connections’ purple category.

A Puzzle Built on Deception

Wednesday’s grid illustrated a recurring design pattern in Connections, where words that initially appear to belong to one category are deliberately placed to mislead players into incorrect groupings before the true connections become clear. Words like CATTLE and RANCH, for instance, could easily have been mistaken for belonging together under a farming or Western theme, when in fact they landed in entirely separate categories tied to financial terminology and architectural styles, respectively.

That kind of misdirection is central to the puzzle’s appeal, rewarding players who resist locking in an early guess based on surface-level associations and instead wait to see how the full grid of 16 words fits together before committing to a grouping.

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Yesterday’s Puzzle for Comparison

Players looking to compare Wednesday’s difficulty against the previous day’s puzzle can look back to Tuesday’s edition, game number 1,150, which grouped words under four categories: long cylindrical things, iconic New York City sights, things with pedals, and V-shaped things. That puzzle’s yellow category included CIGARETTE, FOAM ROLLER, POOL NOODLE and PRETZEL ROD, while its green category grouped BODEGA, PIGEON, SUBWAY STATION and TAXI CAB as recognizable New York fixtures.

Keeping the Streak Alive

Connections has become one of the centerpieces of the Times’ expanding games section, sitting alongside Wordle, Strands, the Mini Crossword and Spelling Bee as part of a daily puzzle routine for millions of players. A new Connections puzzle rolls out at midnight in each player’s local time zone, meaning solvers in different parts of the world are often working through the same 16-word grid at different hours of the day.

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For players hoping to preserve a winning streak, checking hints in order, starting with the easier yellow and green categories before moving to the more deceptive blue and purple groupings, remains the recommended approach, since revealing the full solution outright ends the challenge of puzzling it out independently. Still, for those who ran out of guesses or simply wanted to confirm their answers, Wednesday’s puzzle closes out with NAVIGATE, HOUSE STYLES, JEANS BRANDS and MEANINGS OF STOCK as its four completed categories for game number 1,151.

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Flynas misses second quarter earnings on higher fuel costs

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Flynas misses second quarter earnings on higher fuel costs

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Thousands of new clothes saved from landfill by charity

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A woman with long brown hair and glasses is sitting at a sewing machine and smiling at the camera. She is wearing a pink collared shirt with the Dressability logo on it

Dressability mainly alters clothing for people with disabilities, but launched its rebranding project after receiving coats that would otherwise have gone to waste.

“We started the rebranding project after getting a delivery of coats from a company that ceased trading,” said Tombs.

“I was concerned that we were throwing away brand new coats, so we sensitively patched and improved them, covering the branding, and the project went from there.”

Once altered, the clothing is then donated to people in need.

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“Plus it’s about sustainability, because our work prevents these items from going to landfill,” said Tombs.

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Microsoft: AI Investment Is Driven By Orders Already In Hand (NASDAQ:MSFT)

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Microsoft: Cloud Is Going To Be A Winner In 2026 (Rating Upgrade)

This article was written by

Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Farmers warn shoppers face smaller and more expensive vegetables due to hot weather

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An aerial image of a brown field of crops being harvested by four combine harvesters

Farmers source additional water for their crops and livestock over summer from a combination of stored winter rainfall on site, and by extracting it from natural sources – a process called abstraction.

This can be from groundwater or from surface water, like rivers and streams.

This summer has seen significant low rainfall affecting the amount of water available to draw from.

Half of England and all of Wales have been declared to be in drought conditions by the Environment Agency.

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Wales has received just 8% of its average rainfall so far this month. England has received 7% of its average, with that figure as low as 1% across southern England.

The high temperatures and repeated heatwaves have also increased evaporation rates which have particularly hit rivers.

Climate change is expected to bring more severe, frequent and longer-lasting heatwaves in UK summers in the coming years – which could bring more water shortages for farmers.

Tom Lancaster, land, food and farming analyst at the ECIU said: “At the start of spring farmers were hopeful of a better year, but the dry April and July and record-breaking heat have left farmers facing down the barrel of a third awful harvest in a row.

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“Farming is now the sector most exposed to climate change and the risks and damage that it brings.”

Martin Lines, head of the Nature Friendly Farming Network and a farmer from Cambridgeshire, said this year’s harvest “has been a real kick in the teeth”.

“After two terrible harvests in a row, the crops this year were looking good and full of potential coming out of spring, only for months of drought and heatwaves to destroy any prospect of a decent harvest,” he said.

“I’ve never known it this dry and hot on our farm.

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“Even farmers I know who were sceptical of climate change are now saying they’re really worried about the future of their businesses and production, it’s just been completely brutal for our industry.”

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Shoals Q2 Review: Market Underestimates Margin Improvement Prospects (NASDAQ:SHLS)

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FINN:CA Is On Fire In Q2

This article was written by

I am a graduate of the University of York, where I studied Accounting, Business Finance and Management. Since graduating from university, I have worked for a number of years in Restructuring Advisory in London. In my spare time I love to write about businesses that interest me here on Seeking Alpha and discuss new opportunities and ideas with other investors on the platform. The companies that I engage with are generally facing some form of distress. I work with these businesses to implement restructuring solutions including solvent actions like debt refinancing’s to insolvent solutions including administrations under the UK Insolvency Act.I try to keep my work here on Seeking Alpha simple – short writeups that look to identify what the consensus is missing in order to outperform the market. I take both long and short positions and try to make clear actionable insights on the stocks I cover. If you want to reach out, whether that’s to ask me any questions or just to connect, feel free to message me here on Seeking Alpha.Please ensure you do your own research – all articles represent my opinion only.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SHLS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Former Leeds nightclub and pool hall transformed into modern offices

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Business Live

Knight Frank has been instructed to market the Elbow Rooms building

The exterior of Elbow Rooms in Leeds

The exterior of Elbow Rooms in Leeds(Image: Knight Frank)

A former nightclub and bar in the heart of Leeds has been transformed into modern offices.

The Elbow Rooms on Call Lane in Leeds operated as sports bar and American pool hall for 15 years and also welcomed a number of guest residencies at music nights, including the likes of Bez and the Stone Roses, The Sugarhill Gang and Utah Saints.

Now, however, it has swapped DJs for desks, having been transformed into a contemporary and stylish office building. The refurbishment kept much of the building’s original industrial features and exposed brick walls to convert the venue into a variety of functional spaces to be used as offices.

Knight Frank has been enlisted to market the building, which was sold to a private investor in 2022 in a £4m deal, five years after being rescued from receivership.

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Victoria Harris, office agency associate with Knight Frank, explained: “We have been instructed to market 2,105 sq ft of high-quality fitted space, which has just come back on to the market after the building was fully let.

“The quoting rent is £25 per sq ft, which represents great value, given the location of the Elbow Rooms, which is next to a host of restaurants, bars, hotels and apartments, and just a five-minute walk from Leeds Railway Station, as well as Leeds’ traditional business and retail cores.

Elbow Rooms has been transformed in Leeds

Elbow Rooms has been transformed in Leeds(Image: Knight Frank)

“Meanwhile the mixture of corporate and industrial in the interior of the 24,000 sq ft building is very striking. There’s nothing else like it around. The specific suite comprises modern furniture, meeting room space and a fully fitted kitchen. The occupier will also benefit from access to communal facilities including breakout suite and an additional Zoom/meeting Room.

“The suite is ready for immediate occupation from September 2026.”

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Other occupiers of the Elbow Rooms include digital consultancy Parallax, signage and printing company IPL and branding agency EDNA.

Ms Harris added: “The building can now house a great business which will be able to enjoy the perks of being in the city centre whilst also experiencing a beautiful historic building that is loved by many. Leeds has a growing innovative and enterprising local economy, and we are confident we will soon find an occupier for the space.”

The landlords of the Elbow Rooms are James Brothers Leeds Ltd and the joint agents are Carter Towler.

Like this story? For more news from the commercial property scene around the regions, visit our dedicated section here for the latest news and analysis within the sector.

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Shares soar to record highs as oil dives on peace hopes

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Shares soar to record highs as oil dives on peace hopes

Australia’s share market has broken multiple records as investor confidence surges on hopes for an imminent US-Iran peace deal.

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Sysco stops buying Mexican lettuce amid Cyclospora outbreak

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Taylor Farms preparing recall amid cyclospora outbreak probe

Sysco, the nation’s largest food distributor, will stop buying iceberg lettuce from Mexico as federal health officials investigate a multistate cyclosporiasis outbreak linked to the product, the company’s CEO said Tuesday.

The announcement from Sysco CEO Kevin Hourican comes as the Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC) investigate the outbreak, which has been connected to two deaths this week in Michigan.

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The outbreak has been linked to iceberg lettuce sourced from central Mexico through Taylor Farms de Mexico.

Taylor Farms’ U.S. business voluntarily recalled certain iceberg lettuce products sold under the Taylor Fresh Foods and Marketside brands. The company has maintained that the FDA has not identified a confirmed positive test result for Cyclospora after what it described as a false positive reported by the agency.

CYCLOSPORA OUTBREAK DENTS TACO BELL SALES BUT RECOVERY UNDERWAY, EXEC SAYS

Packages of Taylor Farms salad greens displayed on shelves at a Safeway grocery store in California

Packages of Taylor Farms salad greens are displayed at a Safeway store in Kings Beach, California, on July 16, 2026. (Justin Sullivan/Getty Images / Getty Images)

Cyclosporiasis is an intestinal illness caused by the parasite Cyclospora cayetanensis. According to the CDC, the infection commonly causes watery, often “explosive” diarrhea that can last for weeks or even months if left untreated. Other symptoms include severe abdominal cramping, bloating, nausea, fatigue and significant weight loss.

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“We’re not buying iceberg lettuce from them, and we’re not buying it from Mexico,” Hourican said in an interview with Reuters. “To the degree that we can further diversify our procurement, that is something we’re actively working on.”

Hourican said Sysco stopped selling and distributing the affected lettuce last month and voluntarily recalled impacted products before Taylor Farms announced its own recall.

FDA SAYS TACO BELL TO STOP USING LETTUCE SUPPLIER LINKED TO MULTISTATE PARASITE OUTBREAK

Taylor Farms salad greens displayed on a grocery store shelf at a Safeway location

Packages of Taylor Farms salad greens are displayed at a Safeway store in Kings Beach, California, on July 16, 2026. ( Justin Sullivan/Getty Images / Getty Images)

“It’s a high quality, high integrity shop, but we’ve had to take actions,” Hourican said. “We’ve moved source of product away from them to the degree that we can. Because they’re really big, you can’t just turn it off overnight.”

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The report comes after the Michigan Department of Health and Human Services said two people in the state have died in connection with the sprawling cyclosporiasis outbreak, which has sickened at least 11,234 people statewide.

State health officials said evidence points to lettuce or salad greens as a possible source of the outbreak, but investigators cautioned that other food items have not been ruled out and no specific type of produce, grower or supplier has been identified.

BUC-EE’S SUES OHIO MINI-MART OVER BEAVER LOGO BRANDING, ALLEGING TRADEMARK INFRINGEMENT

Taylor Farms salad greens

Packages of Taylor Farms salad greens are displayed at a Safeway store in Kings Beach, California, on July 16, 2026. The company says it has voluntarily removed iceberg lettuce sourced from central Mexico while federal officials continue investigatin (Justin Sullivan/Getty Images / Getty Images)

Sysco said it is now buying iceberg lettuce grown in the U.S. and has been able to meet its supply needs despite the outbreak.

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“Taylor Farms is the largest producer — they’re the biggest — and if we’re not able to buy from them, we can easily go elsewhere,” Hourican said. “Replacing the amount we buy elsewhere is the challenge, and it’s something that we’re working on.”

Health officials emphasized that cyclosporiasis is generally not considered a life-threatening illness and deaths tied to the infection are rare in the United States. According to Michigan health officials, medical records showed both people who died had significant underlying health conditions that may have been worsened by cyclosporiasis and dehydration.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Business has reached out to Sysco and Taylor Farms for comment.

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FOX Business’ Stephen Sorace, Eric Revell and Reuters contributed to this report.

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Ibstock plc 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:IBJHF) 2026-08-05

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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