Business
Intel Stock Climbs 2% in Early Trading Ahead of Pivotal Q1 Earnings Report
NEW YORK — Intel Corp. shares rose modestly in morning trading Tuesday, gaining more than 2% to $67.03 as investors positioned ahead of the chipmaker’s first-quarter 2026 earnings release on Thursday, April 23, with optimism around AI partnerships and foundry progress offsetting recent volatility.

At 10:13 a.m. EDT, Intel (NASDAQ: INTC) stock had advanced $1.33, or 2.02%, from Monday’s close of $65.70. The move came after the stock hit a 26-year high near $70.33 on April 17 before pulling back, reflecting a volatile but overall strong April rally that has seen shares surge more than 50% at times amid a series of positive developments.
The early gain occurred as Wall Street awaited Intel’s report after the bell on Thursday, with consensus estimates calling for revenue around $12.3 billion and non-GAAP earnings per share near breakeven. The company’s own January guidance projected Q1 revenue between $11.7 billion and $12.7 billion, with non-GAAP EPS around $0.00, signaling a challenging quarter amid ongoing restructuring and supply dynamics.
Intel has delivered one of the most dramatic turnarounds in recent semiconductor history. After struggling with execution issues and losing ground to rivals in advanced manufacturing, the company under CEO Lip-Bu Tan has focused on cost discipline, asset optimization and aggressive pursuit of external foundry customers. A nine-day winning streak in early April pushed shares up nearly 58%, marking one of the strongest runs on record.
Key catalysts have included a $14.2 billion deal announced April 1 to repurchase the 49% stake in its Fab 34 joint venture in Ireland from Apollo Global Management. The move gives Intel full control over a critical advanced manufacturing asset and signals stronger financial flexibility after earlier cash-raising measures.
On April 9, Intel deepened its collaboration with Google to advance AI infrastructure, leveraging Xeon CPUs and custom Infrastructure Processing Units (IPUs). The multi-generation partnership aims to optimize cloud and AI workloads, positioning Intel’s data center products as complementary to GPU-heavy systems in heterogeneous computing environments.
Additional momentum came from Intel’s involvement in high-profile AI initiatives, including ties to Elon Musk’s Terafab project and expanded work with partners like SambaNova on agentic AI using Xeon 6 processors. These announcements have helped reframe Intel as a broader AI infrastructure player rather than solely a struggling PC and server chip vendor.
The company also launched its Intel Core Ultra Series 3 processors in mid-April, targeting everyday computing with improved AI capabilities for laptops. While client computing remains under pressure from slower PC demand, the new chips aim to recapture share in AI-enabled devices.
Intel’s foundry ambitions remain central to the bull case. The company has invested heavily in U.S. and European manufacturing capacity, supported by CHIPS Act funding, while pursuing external customers to fill its fabs. Recent design wins and process technology improvements have fueled hopes that the Intel Foundry business can achieve sustainable profitability.
Yet challenges persist. Intel reported losses in recent periods, with shrinking revenue in some segments and ongoing cash flow pressures. Restructuring efforts, including job cuts and asset sales, have weighed on short-term results even as they aim to strengthen the balance sheet long-term.
Analysts remain divided. Some highlight the stock’s rapid gains — up roughly 85% year-to-date in some calculations — and caution that valuation has become stretched, with shares trading well above certain fair-value estimates. Others see the rally as justified by strategic progress and potential earnings inflection as AI-related demand ramps.
Short interest has fluctuated but remains notable, contributing to volatility during positive news cycles. Options activity ahead of earnings suggests expectations for a significant move, with implied volatility pricing in roughly an 8-12% swing depending on the outcome.
Broader market context supported the early advance Tuesday, with the Dow Jones Industrial Average also showing modest gains amid mixed geopolitical signals. Technology stocks traded selectively higher as investors balanced AI enthusiasm with caution around upcoming corporate results.
For Intel, the April 23 earnings call will be closely watched for updates on data center revenue trends, foundry customer pipeline, gross margin trajectory and any revised full-year outlook. Management has emphasized operational discipline and a return to growth in key segments.
Intel’s transformation story has captivated investors in 2026. From a low near $18 in early 2025, the stock has more than tripled at peaks, reflecting renewed confidence in its ability to compete in advanced nodes and capitalize on the AI boom through both product sales and manufacturing services.
The company continues to invest in process technology leadership, with Panther Lake and other upcoming architectures expected to drive client and data center gains later in the year. Partnerships with major cloud providers and AI firms underscore Intel’s role in heterogeneous systems where CPUs orchestrate alongside accelerators.
As trading continued Tuesday morning, volume remained solid but not at the extreme levels seen during the mid-April surge. The stock’s 52-week range has stretched from roughly $18 to above $70, illustrating the dramatic swing in sentiment.
Retail investors have played a significant role in the rally, with online discussions often focusing on Intel’s cash position, manufacturing assets and potential for a sustained turnaround under new leadership. Long-term holders point to the company’s engineering talent, intellectual property portfolio and U.S.-based production as strategic advantages in an era of geopolitical supply chain concerns.
Critics argue that execution risks remain high, competition in foundry services is intense, and near-term profitability may stay elusive. Upcoming Q1 results could test whether the market’s optimism is warranted or if recent gains have gotten ahead of fundamentals.
Intel’s April performance has added tens of billions in market value, highlighting the power of narrative shifts in the semiconductor sector. Whether the stock can sustain momentum through earnings will depend on concrete evidence of progress in foundry utilization, margin stabilization and AI-related revenue contributions.
As the clock ticks toward Thursday’s report, Intel stands at a critical juncture. A strong showing could validate the rally and open the door to further upside, while any disappointment might trigger profit-taking after the explosive run.
For now, the early 2% gain reflects cautious optimism as Wall Street prepares for what could be a defining moment in Intel’s multi-year recovery story. The semiconductor giant, once the undisputed leader in the industry, is fighting to reclaim relevance in the AI era — and investors are watching closely to see if the turnaround narrative holds.
Business
NDIS 'too important' not to rein in fast-growing cost
The National Disability Insurance Scheme cannot afford to be undermined by unsustainable growth in costs, the prime minister says, despite a planned overhaul sparking fears in the community.
Business
Technology, Regulation, and What Businesses Can Learn
Running a digital business is tough. Now try doing it with a government watchdog scrutinising your every move, click, and transaction. That’s daily life in the UK’s online gambling sector.
Despite drowning in red tape, it remains a wildly profitable juggernaut. If you want a masterclass in turning strict compliance into a competitive edge, this industry is your blueprint. Let’s break down the tech, the rules, and the survival tactics keeping these companies on top.
How the Consumer Market Works
Step into the shoes of a UK punter, and the sheer volume of choice is dizzying. Hundreds of licensed operators are fighting one another to offer the best slots, live tables, and sportsbooks. Because the market is so saturated, comparison sites have become the undisputed gatekeepers. Think of them like Compare the Market, but for casinos. Players don’t just blindly sign up anymore. They use these aggregators to stack up welcome bonuses, check payout speeds, and verify licenses before parting with a single penny.
To see how this works in practice, this guide offers an example of the comparison model – listing licensed casino sites by payment methods, bonus terms, and licensing authority for UK players.
The actual customer journey usually kicks off on one of these comparison hubs. Once a player finally picks a site, they hit a brick wall of mandatory identity checks, i.e., the infamous Know Your Customer (KYC) protocols. Nobody gets to deposit cash via their debit card or e-wallet until they’ve passed these strict verifications. Add these onboarding hurdles to the intense competition and heavy advertising limits, and you get a brutal reality: the cost of acquiring a new customer in UK gambling is among the highest in the entire digital economy. Operators are burning through cash just to get players through the virtual door.
Navigating the Regulatory Minefield
The UK Gambling Commission (UKGC) does not mess around. As the industry’s apex predator, they enforce compliance with an iron fist. Between 2023 and 2025, the government dropped a massive Gambling Act White Paper that completely rewrote the rulebook. We are talking hard limits on online slot stakes, invasive affordability checks, and even tighter ID rules. Keeping up with this is not just a headache. It is an exorbitant expense. Companies have to field massive, dedicated compliance teams just to survive the daily administrative grind.
This crushing regulatory weight is actively mutating the market. Smaller, independent casinos simply cannot afford the overhead needed to stay out of trouble. The result is a massive wave of consolidation. Corporate giants are gobbling up the smaller brands because they have the deep pockets required to absorb the costs of endless regulatory audits. If you are a small player, maintaining your profit margins under this much red tape is practically impossible.
Then you have to market the site. The industry is boxed in by increasingly strict advertising rules. There is a voluntary “whistle to whistle” ban on TV ads during live sports, and targeting users on social media is a minefield. Operators have to tread incredibly lightly. One wrong move does not just earn a slap on the wrist. It triggers seven-figure fines or the outright loss of an operating license. It is a landscape that demands constant vigilance and the agility to pivot the second new guidelines drop.
Technology and Innovation Behind the Scenes
To survive this pressure cooker, casinos have quietly morphed into elite tech companies. The games themselves have evolved from clunky digital slots into slick, immersive experiences powered by complex random number generators and live-streamed dealers. But the real magic is happening under the hood. Responsible gambling is now driven by artificial intelligence. Operators deploy sophisticated AI to watch player behaviour in real time. If the algorithm spots someone chasing losses, making unusual deposit patterns, or playing for too long, it triggers an instant intervention. It is a strict regulatory mandate, but smart brands are using it to demonstrate their commitment to player safety.
The way money moves has also been completely overhauled. When the UK banned credit cards for gambling, players shifted toward digital e-wallets and open banking tech like Trustly. Crypto casinos are making noise globally, but they mostly operate in grey markets outside the UKGC’s reach. That leaves mainstream UK operators constantly refining their traditional payment gateways to make deposits and withdrawals as smooth as possible. In a market where loyalty is razor thin, a delayed payout can damage a brand’s reputation overnight.
Fuelling all of this is a massive reliance on data. Operators are walking a tightrope. They use deep player analytics to deliver targeted marketing, while simultaneously using that same data to spot problem gambling. It is a fascinating tension. The companies winning the market are the ones using advanced analytics to predict what players want while keeping them safe. They are proving that consumer protection and commercial success can coexist.
Business Lessons from a Regulated Digital Market
If there is one major takeaway for the wider business world, it is this: high regulatory barriers create powerful competitive moats. The cost of getting things wrong is enormous. When regulatory fines routinely hit the millions, compliance is not just an HR issue. It dictates every priority from the boardroom down. A single failure can wipe out months of profit and damage a brand’s reputation. Because of this, proactive risk management has shifted from an optional extra to the core of the business.
The compliance frameworks and identity verification tools forged in the online gambling sector are becoming increasingly relevant to other industries. Fintech, cryptocurrency, and age-restricted e-commerce are all facing similar regulatory scrutiny. They could learn a great deal from how gambling operators manage their obligations. Building a robust compliance engine should not be viewed as a tax on doing business. It is a strategic advantage. It protects companies from catastrophic fines and builds trust with a sceptical public. Businesses that adopt these standards now will be far ahead when regulators inevitably tighten their grip.
The UK casino market proves that heavy regulation does not have to suffocate a digital industry. By treating compliance as a feature rather than a burden, these companies have built resilient empires. As governments tighten control over the broader internet, the survival tactics perfected by gambling operators will become the standard playbook for everyone else.
Business
Chilling New DNA Breakthrough as Search Hits 80 Days
TUCSON, Ariz. — More than 80 days after 84-year-old Nancy Guthrie was abducted from her Catalina Foothills home, authorities continue to treat the case as an active kidnapping investigation, with the FBI now analyzing potentially critical DNA evidence including a hair sample recovered from the property and no arrests made despite thousands of tips.

Pima County Sheriff Chris Nanos and federal agents have not named a suspect or established a clear motive as the search for the mother of NBC “Today” show co-anchor Savannah Guthrie stretches into its third month. Guthrie was last seen around 9:45 p.m. on Jan. 31, 2026, after family members dropped her off following dinner. She was reported missing the next morning when she failed to appear at church.
Investigators believe she was taken against her will in the early morning hours of Feb. 1. Drops of her blood were found on the front porch, and doorbell camera footage released by the FBI shows a masked, gloved figure approaching the door. The suspect removed the front-door camera. Additional surveillance images later revealed a similar masked individual at the home three weeks earlier on Jan. 11.
The FBI has taken a leading role, deploying advanced forensic resources. Sources indicate the bureau recently received and is analyzing DNA evidence from Guthrie’s home, including a hair sample collected in February. Next-generation forensic technology is being used in hopes of generating a usable profile that could identify the perpetrator. Gloves found up to 10 miles away have also been examined for DNA, though results have not been publicly detailed.
On April 18, Sheriff Nanos publicly denied a viral rumor that a new person of interest had been detained, responding with a blunt “Nope” when asked. The denial came after social media speculation suggested a breakthrough, underscoring the challenge of separating facts from unverified claims in a high-profile case that has drawn intense national attention.
The family offered a $1 million reward in late February for information leading to Nancy Guthrie’s recovery, with Savannah Guthrie appearing in a video message pleading for help. “Someone knows how to find our mom and bring her home,” she said. The family has emphasized that the reward applies only to information resulting in her safe return, consistent with FBI guidelines.
Savannah Guthrie returned to “Today” in March after taking time away, sharing emotional reflections on the agony of uncertainty. In interviews, she described the moment she learned her mother was missing and the family’s fear that it could be linked to her own public profile. Authorities have cleared all immediate family members, including siblings and spouses, as suspects.
The investigation has generated more than 30,000 tips, with agents pursuing leads across multiple states. Surveillance footage from the neighborhood and a nearby vacant home has been reviewed, but additional images from other cameras at Guthrie’s property reportedly showed no new suspicious activity. A Bitcoin account linked to early ransom demands has also been examined, though no confirmed payment or resolution has been reported.
Forensic experts and former investigators have noted the case’s unusual elements. The suspect’s apparent familiarity with the property — including a prior visit captured on camera — has led some to suggest the perpetrator may have had some prior connection to Guthrie or scouted the location. Others point to the lack of forced entry signs beyond the blood evidence and the removal of the camera as indicators of a planned abduction.
Pima County authorities have conducted multiple searches in the Catalina Foothills area and surrounding desert terrain, using dogs, drones and ground teams. The rugged landscape and passage of time have complicated efforts, with experts warning that prolonged cases become significantly harder to resolve as physical evidence degrades and witness memories fade.
The case has captivated the public, in part because of Savannah Guthrie’s visibility as a morning news anchor. Coverage has included daily updates in the early weeks, though new developments have slowed in recent days. Rumors, including unverified ransom notes sent to media outlets and claims of assaults or additional evidence, have circulated widely but been largely debunked or unconfirmed by officials.
Nancy Guthrie, a longtime Tucson resident and widow, lived independently despite her age. She had a pacemaker, and its disconnection from her phone around 2:30 a.m. on Feb. 1 provided an early timeline clue. She was taken without shoes and in pajamas, according to sources, adding to the sense of sudden violence.
As the search enters its 80th day, the FBI continues to urge anyone with information to contact authorities or submit tips anonymously. The agency maintains a dedicated page for the case with contact numbers and reward details.
Community support has remained strong, with local volunteers and prayer vigils continuing even as national headlines shift. Tucson residents have expressed shock that such a crime could occur in a quiet, upscale neighborhood.
The investigation remains open and active, with Pima County Sheriff’s Office and FBI agents collaborating closely. No timeline has been given for resolution, and officials have repeatedly asked the public to avoid speculating on unverified social media claims that could hinder progress.
For the Guthrie family, the prolonged uncertainty has been described as excruciating. Savannah Guthrie has balanced professional duties with private grief, occasionally sharing messages of hope while acknowledging the family’s pain.
As April 21 unfolded with no major new announcements, the focus remained on forensic analysis and tip follow-up. Advanced DNA testing could prove pivotal if it yields a match in national databases. Meanwhile, the absence of a named suspect or clear motive keeps the case shrouded in mystery more than 11 weeks after Nancy Guthrie disappeared from her home.
The story of an 84-year-old woman taken from her bed in the night has resonated far beyond Arizona, raising broader questions about vulnerability, public safety and the challenges of investigating stranger abductions in an era of widespread surveillance. For now, the search continues, with authorities and the family holding onto hope that answers — and Nancy Guthrie — will eventually be found.
Business
Can He Recover 100% Before NBA Finals? Optimism Grows
LOS ANGELES — Luka Doncic has begun a controlled swing progression in his recovery from a Grade 2 left hamstring strain, raising hopes that the Dallas Mavericks superstar could return to full strength well before the NBA Finals if his team advances deep into the 2026 playoffs.

The 27-year-old Slovenian sensation suffered the non-contact injury on April 2 during a blowout loss to the Oklahoma City Thunder. An MRI confirmed the moderate strain, which typically sidelines players for three to six weeks. However, Doncic and the Mavericks have pursued an aggressive yet cautious rehabilitation plan, including specialized treatment in Europe, that has accelerated his timeline and boosted optimism inside the organization.
As of April 21, Doncic has returned to the practice court for limited, non-running basketball activities. He has started swinging a bat in controlled sessions — a positive sign that the hamstring is responding well to therapy. Mavericks head coach Jason Kidd told reporters Monday that Doncic is in “good spirits” and remains highly motivated, describing his attitude as “focused and competitive.”
Sources close to the team say Doncic has been symptom-free in daily activities for more than a week and is progressing through med ball throws and light throwing drills without hesitation. The next major milestones will be advancing to hitting off a tee, soft toss, and eventually full-speed running and game-like movements. A minor-league rehab assignment could follow if he clears those phases without setbacks.
Medical experts note that Grade 2 hamstring strains carry a high risk of re-injury if rushed, but early indicators for Doncic are encouraging. His decision to seek advanced treatment in Spain, including stem cell therapy and platelet-rich plasma injections, has been credited with speeding the healing process. The Mavericks medical staff, in coordination with Doncic’s personal team, continues daily monitoring with strength tests, flexibility assessments and gradual loading.
Kidd has repeatedly emphasized patience. “We’re not going to put him out there until he’s 100% and ready to be the Luka we know,” the coach said. “His long-term health is the priority.” The earliest realistic return date appears to be early to mid-May, which could position him for the later stages of a first-round series or the start of the conference semifinals if the Mavericks advance.
The injury occurred at a critical moment for Dallas. Without Doncic, the Mavericks have relied on a mix of veteran leadership and younger contributors to stay competitive. His absence has been noticeable, particularly in scoring, playmaking and defensive versatility. However, the team’s depth has allowed it to remain in playoff contention, keeping alive the possibility of a deep postseason run with their star back on the floor.
Doncic averaged a league-leading 33.5 points per game this season before the injury, showcasing his signature step-back threes, elite vision and physical dominance. His return, even at less than 100%, could dramatically shift a playoff series. Full recovery before the NBA Finals would give the Mavericks a legitimate chance to compete for the title, especially if other key players also regain health.
For now, Doncic’s mood has been described as positive and determined. Teammates report he has stayed engaged in film study, team meetings and light practice sessions, maintaining his leadership role from the sidelines. His work ethic during rehab has impressed the coaching staff and medical team, reinforcing confidence that he will return stronger and smarter about load management.
The broader NBA community is watching closely. Rival executives and analysts have noted the challenge of facing a healthy Luka Doncic in the postseason. His absence has also sparked conversations about injury prevention, load management and the physical toll of a long season on superstar players who handle heavy minutes and multiple responsibilities.
Fantasy owners and bettors have closely monitored every update, with social media filled with speculation about return timelines. Optimistic projections suggest a possible return in early May, while more conservative estimates point to mid-to-late May. The Mavericks are expected to provide regular updates as Doncic progresses through hitting phases.
Doncic’s history of resilience supports the hope for a full recovery. He has overcome previous injuries and skepticism throughout his career, consistently delivering elite production when healthy. This latest setback tests that resilience once more, but early signs of progress in swing progression suggest he is on track.
As the playoffs unfold without him in the immediate lineup, the Mavericks will lean on collective effort while keeping the door open for their superstar’s potential heroics. A 100% healthy Luka Doncic before the NBA Finals remains a realistic possibility if the team advances and the rehab continues smoothly.
The coming weeks will be critical. Any advancement to full-speed running, sprinting or game-contact drills would signal a major step forward. Until then, the Mavericks and their fans will wait patiently, hoping the careful approach pays off with a fully recovered star ready to lead them deep into June.
Business
GOP senator vows to block Warsh until ‘bogus’ DOJ probe into Powell ends
Sen. Thom Tillis, R-N.C., tells FOX Business he won’t back Kevin Warsh to lead the Fed while DOJ pursues criminal investigation tied to Chair Jerome Powell.
Sen. Thom Tillis, R-N.C., said Tuesday he will continue to block Kevin Warsh’s confirmation to lead the Federal Reserve after a heated hearing, arguing the process cannot move forward amid an ongoing Justice Department investigation involving Fed Chair Jerome Powell.
“At the end of the day, there’s only one thing that solves this problem, and it’s getting rid of the bogus investigation that started without the president’s knowledge and has created this situation,” Tillis told FOX Business outside the hearing room.
“If we want to get Mr. Warsh confirmed, we need to drop the investigation,” Tillis added, saying it could be done in “five minutes” and urging the DOJ to act.
THE ONE LINE IN WARSH’S TESTIMONY SIGNALING A BREAK FROM THE FED’S STATUS QUO

Kevin Warsh was tapped by President Donald Trump in January to lead the Federal Reserve. (Graeme Sloan/Bloomberg via Getty Images)
Tillis, who met with Warsh in March, praised the former Fed governor’s credentials and signaled support during the hearing.
“You have extraordinary credentials – they’re impeccable. The problem I have is where we are right now,” Tillis said, pointing to the Justice Department probe involving Powell.
On Jan. 11, Powell confirmed that the DOJ had opened a criminal investigation into his congressional testimony related to the renovation of the Federal Reserve’s two historic buildings on Washington, D.C.’s National Mall.

Federal Reserve Board Chairman Jerome Powell is expected to complete his term as head of the central bank next month. (Brendan Smialowski/AFP/Getty Images)
Powell called the probe “unprecedented” in a video statement and framed it as part of what he described as ongoing threats from President Donald Trump against the central bank. His public response – after days of private consultations with advisors – marked a sharp departure from his typically measured approach.
The investigation marks one of the most challenging stretches of Powell’s eight-year tenure leading the Fed.
FEDERAL RESERVE CHAIR POWELL UNDER CRIMINAL INVESTIGATION OVER HQ RENOVATION
Federal Reserve Chairman Jerome Powell confirmed the central bank had been served by the Justice Department over allegations related to congressional testimony on the renovation of the bank’s headquarters. (Credit: Federal Reserve)
The renovation of the Federal Reserve’s two main office buildings in Washington’s Foggy Bottom neighborhood is estimated to cost $2.5 billion and is being funded by the central bank itself, not by taxpayers.
The Fed is self-financing and does not rely on congressional appropriations to cover its operating expenses, which include employee salaries, facilities maintenance and the current renovation. Its primary income comes from interest earned on government securities and fees charged to financial institutions.
In June 2025, Powell told members of the Senate Banking Committee, “There’s no new marble. There are no special elevators. They’re old elevators that have been there. There are no new water features. There are no beehives, and there’s no roof garden terraces.”
FROM MORTGAGES TO CAR LOANS: HOW AFFORDABILITY RISES AND FALLS WITH THE FED

Construction continues at the Marriner S. Eccles Federal Reserve building Jan. 12, 2026. (Pete Kiehart/Bloomberg via Getty Images)
Powell also told lawmakers that no one “wants to do a major renovation of a historic building during their term in office.”
“We decided to take it on because, honestly, when I was the administrative governor, before I became chair, I came to understand how badly the Eccles Building really needed a serious renovation,” Powell said, adding the building is “not really safe” and not waterproof.
He also said the cost overruns are due, in part, to unexpected construction challenges and the nation’s inflation rate.
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The main two-story boardroom of the Marriner S. Eccles Federal Reserve building during a media tour of the renovation of the central bank’s headquarters July 24, 2025. (Andrew Harnik/Getty Images)
The project is expected to be completed in the fall of 2027, and Washington-based employees are slated to begin working in the building in March 2028.
Warsh, who was tapped by Trump in January to succeed Powell, is poised to take the helm of the world’s most powerful central bank at a turbulent moment for the Federal Reserve.
Aside from the probe involving Powell, the Supreme Court is weighing limits on the Fed’s independence and rising cost-of-living pressures are testing Trump’s economic agenda.
In short, the stakes for the next chair are intensifying.
Business
Northern Star Resources Limited (NESRF) Q3 2026 Earnings Call Transcript
Operator
Thank you for standing by, and welcome to the Northern Star March 2026 Quarterly Results. [Operator Instructions]
I would now like to hand the conference over to Mr. Stuart Tonkin, Managing Director and CEO. Please go ahead.
Stuart Tonkin
CEO, MD & Director
Good morning, and thank you for joining us today. With me on the call is Chief Financial Officer, Ryan Gurner; and Chief Operating Officer, Simon Jessop.
As previously announced, in the March quarter, gold sold totaled 381,000 ounces. And today, we announced the delivery of those ounces at an all-in sustaining cost of AUD 2,709 per ounce. This improved operational performance exiting the quarter has delivered high-margin ounces to generate group underlying free cash flow of $301 million. More specifically, we are prioritizing cash flow at KCGM by accelerating volumes from the high-grade Golden Pike zone during current mill constraints. At Jundee, the operational review is underway, and across Thunderbox and Pogo, we’ve seen gold grades improve. With this improved performance and high-grade ROM stockpiles at KCGM, the company is forecast to deliver its revised FY ’26 production guidance of above 1.5 million ounces.
As previously disclosed, this outlook remains particularly dependent on mill throughput at KCGM with both downside and upside potential. Total growth capital expenditure
Business
Royal Unibrew A/S (ROYUF) Q1 2026 Sales/ Trading Statement Call – Slideshow
Royal Unibrew A/S (ROYUF) Q1 2026 Sales/ Trading Statement Call – Slideshow
Business
Aboriginal enterprises gain foothold in WA's farming industry
A historically fraught relationship between Indigenous people and colonial agriculture is being broken down by a new wave of farmers
Business
Thailand Plans Emergency Borrowing of 500 Billion Baht to Address Fiscal Pressures
Thailand’s government intends to issue an emergency decree to borrow up to 500 billion baht, pending approval to raise the public debt ceiling, citing tight cash reserves and mounting economic risks.
Key Points
- Deputy Prime Minister Pakorn Nilprapunt announced the plan, noting actual borrowing may be less than the full amount but the ceiling must cover the full figure per public debt rules.
- Public debt currently sits at ~66% of GDP, nearing the existing 70% limit; the Finance Ministry will finalize the new ceiling to preserve fiscal space.
- Prime Minister Anutin Charnvirakul signaled budget discipline for 2027, including cuts to non-essential spending and capped increases, with the 3.788 trillion baht budget plan to be submitted to cabinet on June 23.
Thailand’s proposed 500 billion baht emergency borrowing is justified by the government as a necessary response to tight cash balances and escalating external and environmental risks. Deputy Prime Minister Pakorn Nilprapunt stated that while the full amount may not be utilized, the law requires raising the public debt ceiling to cover the specified total to address these pressing economic issues.
The move comes as public debt reaches approximately 66% of GDP, nearing the current 70% statutory limit. To maintain fiscal stability, Prime Minister Anutin Charnvirakul has simultaneously issued guidelines for the 2027 budget that include cutting non-essential spending and limiting budget increases. However, some economists warn that such large-scale borrowing amid a global energy crisis and stagnant growth could lead to stagflation or a sovereign credit rating downgrade.
Thailand’s government is facing significant economic risks, primarily driven by a global energy crisis and the Middle East conflict, which have triggered concerns over potential stagflation. To manage these pressures, authorities have introduced fiscal measures, including an emergency decree to borrow 500 billion baht and a proposal to expand the public debt ceiling beyond the current 70% of GDP.
Deputy Prime Minister Pakorn Nilprapunt stated that rising external and environmental risks, combined with tight cash balances, necessitated these emergency borrowing plans. Experts at the University of the Thai Chamber of Commerce warn that stagflation—characterized by low growth and high inflation—is a growing threat if the conflict in the Middle East persists, potentially leading to increased business costs and weakened consumer purchasing power. Additionally, high levels of household debt and a widening trade deficit due to soaring oil prices have further strained the nation’s fiscal stability and currency value.
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