Latest news with #DE
Daily Express
11 hours ago
- Business
- Daily Express
Study impact of Sales and Services Tax : Planters
Published on: Friday, June 20, 2025 Published on: Fri, Jun 20, 2025 Text Size: Dr Charles also criticised the lack of stakeholder consultation in policy formulation. Kota Kinabalu: The government should first set up a special emergency team to study what will actually happen if they go ahead with the Sales and Services Tax (SST) instead of rushing into, said former Vice Chairman of the Incorporated Society of Planters Dr Charles Chow Kok Cheng. 'The government has a limited window to act with foresight and fairness. First, it should delay the SST expansion until an Emergency Taskforce comprising the Malaysian Palm Oil Board, industry bodies, economists and smallholder representatives can model the full fiscal and economic impact,' Chow said in his analysis of the policy changes. Advertisement He said the SST expansion, which will take effect on July 1, imposes an additional 5 per cent tax on fresh fruit bunches, palm kernel oil, palm fatty acid distillates, empty fruit bunches and other palm-based derivatives. 'Combined with existing levies including a 15 per cent windfall profit tax and export duties of up to 8 per cent, the measures could eliminate up to 11 per cent of industry earnings,' he said. Subscribe or LOG IN to access this article. Support Independant Journalism Subscribe to Daily Express Malaysia Access to DE E-Paper Access to DE E-Paper Exclusive News Exclusive News Invites to special events Invites to special events Giveaways & Rewards 1-Year Most Popular (Income Tax Deductible) Explore Plans Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Cision Canada
3 days ago
- Business
- Cision Canada
OUTCROP SILVER REPORTS EXCEPTIONAL SENSOR-BASED ORE SORTING RESULTS FROM LA PORFIA VEIN AT SANTA ANA
VANCOUVER, BC, June 17, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to report outstanding results from a sensor-based ore sorting test conducted on mineralized material from the La Porfia vein, part of the high-grade Santa Ana primary silver project in Colombia. The program, carried out by Steinert Latinoamericana in Brazil, evaluated 25–75 mm and 12–25 mm size fractions using a Steinert KSS CLI XT sorter—which combines X-ray Transmission (XRT), 3D laser profiling, and RGB optical sensors. The results show that 17 % of the coarse feed was rejected as waste, while the sorted product delivered a 20 % lift in AgEq grade and retained up to 99.2 % of the silver and 99.7 % of the gold (Table 1). This demonstrates Santa Ana's potential for early, low-impact pre-concentration that could meaningfully reduce mill size, operating costs, and environmental footprint. "These exceptional sorting results—achieving a 20 % grade lift, 17 % waste rejection and up to 99.2 % silver and 99.7 % gold recoveries despite processing lower-grade La Porfía material—highlight Santa Ana's amenability to modern, low-impact processing technologies," commented Ian Harris, President & CEO. "This test underlines our opportunity to shrink the project footprint, lower costs and bolster environmental performance. None of this is possible without the dedication of our on-site teams and the strong partnership with local communities—together carrying a 400-year silver-mining legacy forward and delivering superior value for our shareholders and the next generation." Table 1. Summary results from Sensor-based ore sorting tests applied to mineralized material from the La Porfia vein (Coarse fraction from 25 to 75 mm). Sensor-based ore sorting was applied to mineralized material from the La Porfia vein, part of the high-grade silver-gold epithermal system at the Santa Ana Project, to assess its suitability as a pre-concentration method. The objective was to evaluate the potential for early waste rejection and feed grade enhancement using advanced particle discrimination technologies. Approximately 390 kg of material was prepared and delivered to Steinert Latinoamericana in Belo Horizonte, Brazil, consisting of 300 kg of mineralized rock and 90 kilograms of barren waste rock, collected from underground old workings in La Porfia. A sample of approximately 250 kilograms was then separated from this material. Then, this 250 kg sample was prepared into two different size fractions, resulting in approximately 200 kg of material ranging from 25 to 75 mm in size and around 50 kilograms of material ranging from 12 to 25 mm in size. The sorting was performed using a STEINERT KSS CLI XT unit, which combined X-ray Transmission (XRT) to detect atomic density (ideal for distinguishing silver-rich sulfide mineralization), 3D Laser Profiling for shape recognition and positioning. Additionally, RGB and Inductive sensors were also tested but played secondary roles. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: Assays The resulting sample fractions were sent for assaying to SGS-Geosol in Vespasiano, Minas Gerais, Brazil. The laboratory analytical codes used for Ag assays were GE_ICP40Q and ICP40B_S with multi-acid digestion in both cases. The Au assays were determined by 50 grams fire-assaying with code FAA505. Qualified Person Edwin Naranjo Sierra is the designated Qualified Person within the meaning of the National Instrument 43-101 and has reviewed and approved the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr. Naranjo Sierra is a consultant to the Company and is therefore independent for the purposes of NI 43-101. About Santa Ana The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through titles and applications, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "potential," "we believe," or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop Silver to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Outcrop Silver will not update any forward-looking statements or forward-looking information that are incorporated by reference.
Daily Express
4 days ago
- Politics
- Daily Express
PGRS Pantai Manis backs solo GRS run
Published on: Tuesday, June 17, 2025 Published on: Tue, Jun 17, 2025 By: Hayati Dzulkifli Text Size: Abdul Rahim (9th right, front row) posing with the division's main committee and some 1,000 delegates during the division's AGM on Sunday. PAPAR: Almost 1,000 delegates of Parti Gagasan Rakyat Sabah (Gagasan Rakyat) Pantai Manis division fully support a bold motion that called on Gabungan Rakyat Sabah (GRS) to contest solo in the imminent 17th State Election (PRN17). Its divisional head Datuk Seri Abdul Rahim Ismail said the division tabled the first motion which derived from aspiration of the grassroots in Pantai Manis constituency. Advertisement He said many wants GRS to fight and contest solo without any collaboration with other parties. 'This strong motion which shows the voice of the grassroots is reflecting growing sentiment for greater autonomy and self-determination in Sabah. 'PGRS Pantai Manis wholeheartedly and proudly supports the motion of our grassroots that Sabah to move forward and contest independently (in the upcoming PRN17). There will be no compromise. We will not back down. Subscribe or LOG IN to access this article. Support Independant Journalism Subscribe to Daily Express Malaysia Access to DE E-Paper Access to DE E-Paper Exclusive News Exclusive News Invites to special events Invites to special events Giveaways & Rewards 1-Year Most Popular (Income Tax Deductible) Explore Plans Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
4 days ago
- Business
- Yahoo
Deere Trading at a Premium Value: Here's How to Play the Stock
Deere & Company DE is currently trading at a forward 12-month earnings multiple of 24.46X, a 7% premium to the farm equipment manufacturing industry's 22.85X. It is also higher than DE's five-year median of 15.83X. DE has a Value Score of D. Image Source: Zacks Investment Research DE stock also seems relatively expensive compared with other industry players such as AGCO Corporation AGCO, CNH Industrial CNH and Komatsu KMTUY, which are trading significantly lower at 19.81X, 17.29X and 10.54X, respectively, as shown in the chart below. Image Source: Zacks Investment Research Deere shares gained 20.3% year to date, outperforming the industry's 18.3% growth. The broader Zacks Industrial Products sector has dipped 2.2% while the S&P 500 has gained 1.2%. Image Source: Zacks Investment Research AGCO Corp., CNH Industrial and Komatsu have gained 7.7%, 11% and 20.3% respectively. Image Source: Zacks Investment Research Deere, the well-known manufacturer of iconic green and yellow agricultural equipment, has been witnessing year-over-year declines in both revenues and earnings in the past six quarters. The dismal performance was attributed to lower shipment volumes across all segments amid weak demand, somewhat mitigated by Deere's pricing strategies. Also, there has been a growing preference among buyers for used machinery rather than new equipment. Farmer spending has been muted amid low commodity prices, persistent inflation and high interest rates, impacting the demand for agricultural equipment. Trade uncertainty and high interest rates are pressuring order activity for both construction and compact construction equipment. Deere expects net sales for Production & Precision Agriculture to decline 15-20% year over year in fiscal 2025. Sales of Small Agriculture & Turf are expected to drop 10-15%. Sales of Construction & Forestry are projected to move down 10-15%. The Financial Services segment's net income is expected to be $750 million. Deere expects net income for fiscal 2025 between $4.75 billion and $5.5 billion, much lower than the $7.1 billion reported in fiscal 2024. The company has taken steps to reduce costs and intends to cut down production volumes and manage inventory in the wake of the challenging market this, the earnings estimates for fiscal 2025 have moved down over the past 60 days. The same has moved up for fiscal 2026. Image Source: Zacks Investment Research (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) The earnings estimate for fiscal 2025 indicates a year-over-year decline of 26.5%, while the same for fiscal 2026 implies growth of 17.10%. DE's Focus on Technology, Brand Position Provide an Edge: Increased global demand for food, driven by population growth and rising standards of living, will support the demand for agricultural equipment in the long term. The U.S. agricultural machinery market is expected to reach $42 billion in 2025 and then witness a compound annual growth rate of 6.3% to be around $57.1 billion by 2030. The need to replace aging equipment will also support increasing farm sizes, there is a greater need for labor, but escalating labor costs are prompting farmers to turn to mechanization. Deere has been continuously focused on launching products equipped with advanced technologies and features to keep up with customers' evolving demands. Precision agriculture technology is expected to be a key catalyst. The demand for the company's construction equipment will be supported by increased infrastructure spending. Deere recently acquired a provider of remote imagery solutions for agriculture, Sentera. DE plans on integrating Sentera's innovative imagery capabilities with its Operations Center portfolio offerings. This will help farmers generate data-driven decisions that boost farm profitability, efficiency and sustainability. DE Stock Offers Higher Returns: Deere's trailing 12-month return on equity is 24.4%, ahead of the industry's average of 19.2%. Return on equity reflects how effectively a company is utilizing its shareholders' funds in its operations to generate income. Image Source: Zacks Investment Research In comparison, AGCO and CNH Industrial have an ROE of 10.6% and 14.32%, respectively, while Komatsu has 13.56%, positioning Deere well ahead of its key peers. Image Source: Zacks Investment Research Deere's market leadership position, technologically advanced products and strong dealer network provide it with a competitive advantage to leverage the long-term demand prospects for both agricultural and construction equipment. However, the company has been facing challenges due to weak farmer spending amid low commodity prices. Those who already own this Zacks Rank #3 (Hold) stock should stay invested to benefit from the long-term demand prospects for both agricultural and construction equipment. However, new investors should wait for a more favorable time to accumulate the stock, considering the company's weak guidance for fiscal 2025, downward estimate revision activity in earnings and expensive valuation. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNH) : Free Stock Analysis Report Komatsu Ltd. (KMTUY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Daily Express
5 days ago
- Science
- Daily Express
Whispers in stone: Legends of Sabah's megalithic heritage
Published on: Monday, June 16, 2025 Published on: Mon, Jun 16, 2025 By: Fiona V Loijin, Anita Limjoon, Paul Canigea Text Size: Building on the momentum of these initial efforts, IDS is also preparing to undertake further studies in several more districts across Sabah where megaliths have been identified, expanding the work of documentation and cultural preservation. IMAGINE A land where stones are more than silent objects. They are guardians of ancient memory, keepers of stories that predate written history. In Sabah, megalithic stones rise solemnly from the earth, each one steeped in myth, mystery, and cultural reverence. These are not merely geological artefacts. They are storytellers shaped by generations of human experience, embodying the deep spiritual and communal values of the people who live among them. Advertisement Driven by a profound cultural curiosity, an ambitious research initiative was launched by the Institute for Development Studies (Sabah) in collaboration with Universiti Malaysia Sabah. Two major studies, titled Kajian Pemetaan Jejak Warisan Batu Megalitik Menggunakan GIS di Long Pasia untuk Pelancongan and Kajian Pemetaan Batu Megalitik Menggunakan GIS di Penampang, brought together a diverse team of researchers committed to uncovering and mapping Sabah's megalithic heritage. Subscribe or LOG IN to access this article. Support Independant Journalism Subscribe to Daily Express Malaysia Access to DE E-Paper Access to DE E-Paper Exclusive News Exclusive News Invites to special events Invites to special events Giveaways & Rewards 1-Year Most Popular (Income Tax Deductible) Explore Plans Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
