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drbubb

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  2. First Majestic Silver / FR.t & AG

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    First Majestic increases silver equivalent production in first quarter

       

    shutterstock_709245544.jpg(Kitco News) - First Majestic Silver (TSX: FR) (NYSE: AG) announced on Thursday that in Q1 2023, the company produced 7.6 million silver equivalent ounces (consisting of 2.5 million silver ounces and 60,594 gold ounces), up 6% compared to Q1 2022.

    In a statement, the company said that during the quarter, its Mexican operations saw “strong” production as a result of higher silver grades and overall plant performance.

    First Majestic added that gold production in Mexico decreased 4% as slightly lower grades were processed at Santa Elena and San Dimas. At Jerritt Canyon in Nevada, USA, gold production reached 16,431 ounces, or a 3% decrease over the prior quarter primarily due to lower processed tonnes caused by continued extreme winter weather conditions

    “During the quarter, our Mexican operations saw strong production as a result of higher silver grades and overall plant performance,” said Keith Neumeyer, President & CEO. “At our San Dimas and La Encantada mines, each operation experienced double-digit increases in silver grades as well as higher plant throughputs. At Santa Elena, significantly higher production levels at the Ermitaño mine were achieved following the company’s decision to transition away from the Main Vein and only process Ermitaño ores in 2023. In addition, Santa Elena’s new dual-circuit processing plant completed its first operational quarter with solid recovery improvements following increased leaching times and the processing of finer grind ores.”

    “Lastly, due to ongoing challenges at Jerritt Canyon we decided to take a step back to complete a full reset of the operation. We are not walking away from Nevada - but repositioning the project to be successful for when we decide to restart operations. The first quarter of 2023 will be an inflection point towards improving the cash flows and overall financial position of the company going forward,” he added.

    First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine.

  3. FOOD: Jollibee (JFC) URC, FB & other co's

    in Makati Prime.com's Philippines Forum

    Posted

    MAXS down today : 4.60 -0.30, -6.1%.  PER: 4.52, Yield: 4.19% (Range: 4.07 to 6.35) B.V.: xx

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    MAXS-etc... 2017:

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    OLD NEWS :

    MAXS - Max's Group, Inc.
    C02024: Max's Group sets historic organic income... - 1

    Max's Group, Inc. ("MGI" or the "Group"), the largest casual dining restaurant group in the Philippines, posted an all-time high organic net income for 2022 surpassing pre-pandemic levels amidst COVID lockdowns, market changes and commodities risks faced throughout the year. Full year organic net income in 2022 for MGI totaled P622 million, 38% higher than the 2021 statutory net income of P451 million which includes a P377 million gain from the sale of a subsidiary. In terms of organic profitability, the 2022 financial results reflect an 8x multiple versus 2021 and outperform pre-pandemic 2019 by 63%. The Group's resurgence was strongly backed by its strong core portfolio of brands across its local and international store network. Dine-in brands Max's Restaurant and Pancake House secured a significant boost in sales as restrictions continued to relax, while off- premise brands Yellow Cab Pizza Co. and Krispy Kreme sustained their pandemic-proofed resilience. In addition, MGI has further strengthened its manufacturing capabilities with the commissioning of its consolidated commissary, which expanded the Group's growth potential into manufacturing and its food retail and business to business (B2B) segments as an adjacency to its core.

    MGI products are already present in supermarkets and convenience stores. This segment is gaining traction as MGI aims to be a leader in the growing food retail category to supplement its core restaurant and commissary businesses. MGI's system wide sales ("SWS") generated from both company- owned and franchised stores for the full year amounted to P17.60 billion, growing 41% from the same period last year with 2021 sales of P12.52 billion. Consolidated revenues of the Group for the year amounted to P10.98 billion, a 44% growth from P7.64 billion in the same period of the previous year. Local same store sales growth ("SSSG") soared by 43% while global SSSG increased by 36% proving opportunities were maximized as the market continues to open, bolstered by continued relaxed restrictions and holiday demand surge in the fourth quarter.

    2 /

    For the fourth quarter, SWS reached P5.04 billion, a 29% increase versus same period in 2021 of P3.90 billion. Revenues likewise grew by 39% for the period, up by almost a billion pesos to P3.21 billion from P2.32 billion in the same quarter of the prior year. Local market sales jumped by 33% in 4Q 2022 versus the same period last year as consumer confidence, mobility, and economics continue to revive. Meanwhile, the international business reported a solid 15% growth despite labor challenges in the North America market, with new agreements in place to further expand global reach in other markets.

    As the Group strategically and proactively placed measures to counter market volatility and rising commodity prices, gross profit margin was stable at 34.5% for the quarter. Strengthened supply chain capabilities provide end-to-end upsides in procurement, manufacturing and logistics. Full year gross profit posted was at P3.8 billion, at par with 2019. In terms of margin, 2022's gross profit was at 34.3% which is higher by nearly 700 bps from the 2019's 27.4%. Margins for full year 2022 and in the fourth quarter alone reflect historic highs as compared to pre-COVID benchmarks.

    Full year margins are up, with record high earnings before interest, taxes, depreciation, and amortization (EBITDA) and net income margins at 19.8% and 5.7% as compared to the organic 2019's 16.4% and 2.6% margins, respectively. For the fourth quarter, the Group EBITDA margin of 22.0% and net income margin of 6.1% are up by 284 and 333 basis points, respectively versus organic margins in the comparable period in 2019. The Group posted net income before tax (NIBT) of P855 million and a 7.8% margin in 2022 which are purely coming from operations. This surpassed 2021's statutory NIBT by 60% at P535 million and is 5x of its organic NIBT of P158 million. Moreover, 2022 organic NIBT is 31% higher versus 2019's. As of 31 December 2022, the Group's store network covers 14 territories, with 612 Philippine sites and 66 stores situated across various locations in North America, the Middle East, and Asia.

  8. LUXURY Sector : Big push now, will Demand keep up??

    in Makati Prime.com's Philippines Forum

    Posted

    LUXURY Sector : Big push now, but will Demand keep up??

    O6uYLrf.png

    Philippines High-end looks CHEAP vs. other Asian countries

    HOW THEY SELL... to Wealthy and foreigners...
     1. PHL is cheap vs. Other countries (chart above)
     2. Land & material costs are rising very year
     3. “Property always rises in the Long term"
         ( esp, PHL, which has so many young people.)
     4. Phl. Economy is growing fast, over 7% in 2022
     5. Rents are firming after Covid dip, if slowly
     6. Amenities are improving, year by year
     7. Phl. Had many rich, seeking top branding, locations
    =======
    Hint:  If the possible buyer mention Yields, then probably that Prospect will not Buy

    ARTICLES COLLECTED here

     

  9. KILLING WOKE CULTURE

    in NEWS Commentary, 2021 & Beyond

    Posted

    #DEMoCrazy must End:  Do you get it yet? 

    Listen here:  "one of the greatest Dirty tricks in American history.   Criminals in the WH, DOJ and FBI,... should be dragged off in Chains.  And constitutional government restored!  Rfk, Jr, can help.  But very few other Dems, are reliable, honest, or brave.  

    Enough is enough!  Let's end the Demo-Crazy war on America! 

    https://www.youtube.com/watch?v=SRjEACqXtQE

  13. Making money from PH Start-ups - Is it possible?

    in Makati Prime.com's Philippines Forum

    Posted

    The glamorous Mica Tan... walks the walk! 

    0H8Daph.png

    Her co's portfolio includes Salad Stop, and many other co's:  PORTFOLIO

    An article says:  "Now a sought-after mentor for entrepreneurs, Mica lists her father, a cancer specialist; her mom, an entrepreneur jeweller; and a family friend who was her late father’s business partner, as the figures whose advice and influence gave her the early confidence to set sail in business.

    ...Curiosity about the world around her is a trait fueled by her father in her growing up years. She recalls that her dad, who introduced brachytherapy to the Philippines as a method of cancer treatment, would bring her to the hospitals and inform her of the benefits of proper equipment.

    Mica was set to pursue her finance studies in New York but, wanting to get immediately into the game and learn hands on, she stayed put and got going on her own. In the early years, she attests, she continued with the tutelage of uncles who were in business and with a stockbroker mentor whom she befriended in an “excursion” at the stock exchange as a young student who cut her college class to be there where the action was.".   > https://mftgroup.com.ph/mica-f-tan-as-mentee-mentor-and-mentee/

  14. Making money from PH Start-ups - Is it possible?

    in Makati Prime.com's Philippines Forum

    Posted

    NEED FOR START-Ups

    (this is from M-S, on a private chat):

    Mr Leechiu PH property Chief bull officer. I think we need to be careful with him. He tends to highlight the transaction volume which is very large but he does not talk about NET take up. The transaction are high because developers are so desperate to fill their offices that they offer fantastic deals for tenants willing to move. So you have a move from older buildings to newer ones. Transaction up, vacancy flat. Vacancy level is still 20%+.

    On the BPO adding another 1m jobs over the next 5y as is the goal from Marcos administration. Tbh sounds very ambitious. Under the hood there are still huge progress in AI which will make some jobs redundant or simply make people more productive so that you don’t have to hire more. Marcos also wants rice at 20p/kg but he can’t control that. The companies hiring for BPO are not Filipino companies .. they have no control over it. NCR will also compete with upcoming BPO hotspots like Cebu, iloilo, Davao.. and the biggest enemy of them all… WFH!

    To that point, would love to hear about smth else than BPO or POGO to drive the country’s RE… how about start up, local companies or foreign companies doing smth else than back/middle office..

    I m sure the PH will work itself through the current oversupply over time but might be more gradual. I m not getting excited Office  space and I think @Michael H dr bubb has some good story about Alveo Financial Tower which has been turned over 1-2m ago .. and is basically all empty despite prime location.

    ( My Response was ) :

    "Would love to hear about smth else than BPO or POGO to drive the country’s RE… how about start up, local companies or foreign companies doing smth else than back/middle office.. "  

    Yes. I would like to see that too.   The development of a vibrant Start-up culture could create a Virtuous cycle.   Success breads success, and profits generated from a successful start-up that goes public, or a company that gets sold for a Fat Gain, tends to get reinvested in the start-up sector again

     

  15. "KISSES on a Postcard" : A Chance for Investors

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ( Message from Dominic )

    Kisses on a Postcard wins silver

    Best serialised podcast

    Morning all,

    Just a quick one to say that Kisses on a Postcard won silver at the New York Festivals Radio Awards for best serialised podcast.

    Gold would have been nicer, of course, but, all things considered, silver is good. We beat off competition from major production houses, including Lionsgate, the BBC and MediaHuis Ireland (Ireland’s largest media group), which is nice.

    If you haven’t already listened, load it onto your favourite podcast app and play it while you are cooking in the kitchen/walking/driving/ironing. It will make your life better.

  17. SHLPH / Shell Philippines.

    in Makati Prime.com's Philippines Forum

    Posted

    SHLPH - Pilipinas Shell Petroleum Corporation
    ... amended press release - 1

    "Shell Pilipinas continues recovery, posts P4.1B net income in 2022"

    Lorelie-Quiambao-Osial-president-and-CEO

    Shell Pilipinas Corporation sustains its recovery momentum by generating Php4.1 billion net income in 2022, up by 6% from Php3.9 billion the previous year. This was achieved amidst a challenging year with high inflation, fuel price volatility brought by the Russia-Ukraine war, and Philippine Peso depreciation. The energy company's 2022 gains are attributed to its strong marketing performance as the year's volume delivery increased by 10%, and a sustained high premium fuel penetration. Operational cash flow, excluding movement in working capital, stands at Php1.6 billion, up from 2021's Php1.1 billion. "Powering progress for the Philippines will remain to be our commitment. The environment and our customers' needs are shifting, and Shell Pilipinas is well positioned to be a trusted partner in meeting the current and changing needs of our customers. We continue to be reliable, agile, flexible, and adaptive in this ever-changing landscape," says Lorelie Quiambao-Osial, Shell Pilipinas President and Chief Executive Officer. Mobility business The Mobility business sustains Shell V-Power's position as the most preferred brand in the Philippines, with a new and improved version launched last February 2023, which cleans 100% of performance- robbing deposits and prevents future build-up on vital engine parts. The Non-Fuels Retail business posted a record profit of Php 2.6 billion, an increase of 24% versus 2021 with continued double-digit growth across segments.

    There are now 217 Shell Select stores, 223 Select Express, 93 Deli2Gos and 479 Lube bays nationwide. In addition, the business also launched the first Shell Café in the Philippines – a new offer that enhances fuel stations to be mobility destinations where customers can take care of themselves and their vehicles. Shell Go+, the Company's dedicated loyalty program and mobile application launched in 2021, hit its milestone of 2 million members. Shell Go+ has been generating incremental value in both fuel and non-fuel offerings per store visit.

    / 2

    Increased industrial demand Commercial Fuels increased volume sales by 19%, showing a full bounce back to pre-pandemic levels garnering growth through key customer wins and strengthened reseller capability. Shell's Lubricants business maintains top brand preference for Shell Advance and Shell Helix in key sectors. The business garnered 9% increase in volume while sale of carbon neutral products delivered a 39% increase. This was in conjunction with their offer expansions on coolants, brake fluids and oil filters. Commercial Road Transport recovered well with a strong volume delivery in 2022 attributed to economic improvement, seasonality, and marketing programs. The Aviation business improved with 51% in volume delivery, driven by further border openings and lifting of travel restrictions. Specialities grew volume by 25% compared to prior year, led by the sale of premium products. Expanded supply chain Shell Pilipinas' competitive and reliable supply chain optimizes the distribution of fuel and other products across the country. Aside from its three import terminals in Batangas, Subic and Cagayan de Oro, construction is ongoing for the company's fourth medium-range capable import terminal in Darong, Davao del Sur, which will supply the growing energy requirements of the southern region. Commitment to decarbonization Shell Pilipinas aims to meet the country's current and future energy needs with a diversified energy mix and cleaner energy, and enjoins consumers and businesses to use energy better, do more with less, and make energy conservation a way of life.

    / 3

    Around 145 of the company's mobility stations are solar-powered reinforced with energy efficient equipment deployed in many of the mobility sites. Shell Pilipinas also launched the first Shell branded electric vehicle charging facility in Shell Mobility Site in Mamplasan, Laguna which is currently the most powerful DC high performance fast charger in the Philippines. The said Shell Mobility site in Mamplasan Laguna is powered by 100% renewable energy. Efforts to decarbonize operations at the import terminals have led to the reduction of 13 kilotons of Carbon emissions equivalent to almost 27,000 trees, by shifting to renewable energy sources. The company also neutralized carbon emissions through optimized road and primary transport scheduling. "We will continue to explore ways to improve energy efficiency in our operations and in our products and services to better serve our customers and stakeholders," says Quiambao-Osial. "We remain a steadfast partner of the government in its nation-building efforts, as we power progress for the Philippines." Other Relevant Information: Corrected typographical error.

    ===

  18. BUBBLE Debate: Is there a Bubble in PH Property?

    in Makati Prime.com's Philippines Forum

    Posted

    From: Focus on Luxury, and JV's

    Partnerships with foreign developers
    Colliers Philippines believes that property firms should seize the opportunity provided by the growing popularity of joint venture (JV) residential projects across Metro Manila by firming up partnerships with foreign developers and launching upscale and luxury projects.
    Property firms should emphasize the JV projects’ upscale amenities, integrated development features, and strong potential for capital appreciation, which are important considerations for a discerning and affluent market. Currently, joint venture projects between foreign and Philippine firms are among the more expensive in the market. Despite being classified as luxury and ultra-luxury, these projects have an average take-up of between 75% and 87% as of end 2022.

    nxGKxjz.png

    Recommendations
    Further test the market for more luxury and ultra-luxury projects
    In 2022, Colliers recorded the launch of 6,000 luxury and ultra-luxury units, representing 25% of total launches during the period. Among the luxury and ultra-luxury projects launched in Q4 2022 include Rockwell Land’s Edades West and Arthaland’s Eluria. These pre-selling projects’ total contract prices (TCPs) per unit range from PHP102 million to PHP149 million (USD1.9 million to USD2.7 million) with prices on a per sq meter basis ranging from PHP472,000 to PHP519,000. (USD8,600 to USD9,400).

    Prices:   ROOM to Expand?  Well,  not unless incomes rise, and jobs pick-up:  >. ..../Downloads/Colliers_Manila_Radar_BreakingTheBarrier_v1-1.pdf

  20. ROY: Gold Mining Royalty Co's

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Royal Gold, ST Top?: 2022: 138.59, R: 84.54 to 147.06, PER: 37.4, Yield: 1.08%

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    RGLD: Oct'22 w/ugl 141.60 /$65.40 = 216.5% : FLIP: ... updated? 

    PhNYml4.gif

    SAND: Oct'22 w/ugl : $6.12 /$65.40= 9.36%

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    RGLD vs. UGL, gdx, gdxj: from Jan'21: 138.59 /$64.27= 215.6%:

    1z8e9L8.gif

    NEWS Helped RGLD : Royal Gold reported first-quarter stream segment results. Stream sales were 60,800 ounces versus the consensus of 57,000oz (6% higher), with stream deliveries of 57,800oz, 1% higher than the consensus. Overall, gold inventories were 11% lower at 25,500oz.

  22. KILLING WOKE CULTURE

    in NEWS Commentary, 2021 & Beyond

    Posted

    FIXING CULTURE, and the Male-jobs crisis

    IDEA: Min. 40% of teachers should be MALES (and mostly NOT Gay).

    Put the excess females at-home. raising children,  on Construction sites. Or working in sewers

    America's Invisible Crisis | Nicholas Eberstadt

    Disability programs "finance the no-where lifestyle of so many men"

    John is joined by Nicholas Eberstadt for a Direct interview focused on his recent book, 'Men Without Work'. Nicholas talks about the societal damage caused by the millions of prime-age men who are neither employed in education or in training. Since the 1940's, the US has seen male engagement in the workforce plummet, disability insurance schemes explode and a stagnation in family health and fertility rates. John and Nicholas discuss what this 'men without work' phenomenon means for the West today and for future generations. Nicholas holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute (AEI), where he researches and writes extensively on demographics and economic development generally, and more specifically on international security in the Korean peninsula and Asia. Domestically, he focuses on poverty and social well-being. He is the author of numerous books, notable among them 'Poverty in China', 'The Tyranny of Numbers', 'Russia's Peacetime Demographic Crisis', and his latest, 'Men Without Work: America's Invisible Crisis'.

  23. KILLING WOKE CULTURE

    in NEWS Commentary, 2021 & Beyond

    Posted

    FIXING WOKE CULTURE

    First, understand what it Truly is...

      James Lindsay at European Parliament - Woke Conference. 

    Haha . Consider this...

    ETs (no joke) are the main ones who want "global citizens"/.  Because THEN, when being emerging from a landing space vehicle say: "Take me to you leader."  It will be to an ET (or someone's who strings are pulled behind the scenes by an ET.)  Newcoming ETs will be in for a real surprise.  haha.  But it might only be revealed much later.  /  Communism is the idea of "Space Bugs". 

     

  25. Major Gold Miners: GDX, GOLD, NEM vs UGL

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Barrick Gold's first-quarter gold output down 15%

    April 13 (Reuters) - Canadian miner Barrick Gold Corp said on Thursday its first-quarter gold production fell 15% sequentially, hurt by lower output at Carlin mine.

    The company’s total preliminary gold output was 0.95 million ounces in the three months ended March 31, down from 1.1 million ounces in the previous quarter. (Reporting by Arshreet Singh; Editing by Shilpi Majumdar)

    ===

          EXPECTED?  so GOLD price rose: $20.05 +0.42

    Barrick Gold (NYSE: GOLD) (TSX: ABX), the world’s second largest gold miner, announced today that the company produced 0.95 million ounces of gold and 88 million pounds of copper in Q1 2023.

    For comparison, Barrick produced 1.0 million ounces of gold and 101 million pounds of copper in Q1 2022 and 1.12 million ounces of gold and 96 million pounds of copper in Q4 2022.

    The company said that, as previously guided, preliminary Q1 gold production was lower than Q4 2022 primarily as a result of lower production at Carlin, mainly due to annual roaster maintenance resulting in lower throughput at Goldstrike, the conversion of the Goldstrike autoclave to a conventional carbon-in-leach process and a harsh winter in northern Nevada impacting operations. This was combined with lower grades at Kibali due to mine sequencing.

    According to a company press release, compared to Q4 2022, Q1 gold cost of sales per ounce is expected to be 3% to 5% higher, total cash costs per ounce are expected to be 13% to 15% higher and all-in sustaining costs per ounce are expected to be 9% to 11% higher.

    > more: https://www.kitco.com/news/2023-04-13/Barrick-reports-lower-gold-and-copper-production-in-Q1-says-on-track-to-achieve-2023-targets.html

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