TRX Gold: Fiscal Q3 Earnings Snapshot
The Oakville, Ontario-based company said it had a loss of less than 1 cent on a per-share basis.
The mineral resource company posted revenue of $12.5 million in the period.
_____
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Major airline partner shutting down base at Burbank airport
One of Hollywood Burbank Airport's major airline partners is set for departure. On Monday, budget airline Avelo announced it would be shuttering its Southern California base, moving its planes to various hubs across the country and offering its California-based staff the opportunity to transfer elsewhere. For more than four years, Avelo has been operating out of the Burbank airport, establishing it as its west coast base. The airline launched under its current brand name during the height of the coronavirus pandemic, a move that was deemed risky at the time by some industry analysts. The ultra-low-cost carrier quickly expanded operations in Burbank, adding flights to various parts of Northern California, Oregon and, briefly, Montana. In 2023, the airline celebrated flying its 1 millionth passenger, and even described its Burbank flights as being among its most successful offerings, accounting for one-third of its total customers at the time. But airline officials say the company has been hit hard with new financial challenges that have made it increasingly difficult to provide service to its West Coast destinations. On Monday, CEO Andrew Levy confirmed that Avelo would be reducing its number of planes flying out of Los Angeles County to one by mid-August, before shutting the base down entirely on Dec. 2, 2025. That closure will coincide with Avelo ceasing all West Coast operations, company officials confirmed. Levy described the decision as a difficult one, adding that there's no singular reason for Avelo ceasing operations with one of its longest airport partners. 'We believe the continuation of service from [Hollywood Burbank Airport] in the current operating environment will not deliver adequate financial returns in a highly competitive backdrop,' he said. Avelo will relocate its current Burbank fleet to different locations where Levy says the company sees more 'efficient longer-term growth prospects,' as it attempts to build out its East Coast operation. All California-based employees will be given the opportunity to transfer to another Avelo base, Levy said, all of which are on the Eastern Seaboard, including Hartford, Connecticut; Charlotte, North Carolina; and Wilmington, Delaware. Passengers with existing flights can cancel their trips online and receive a refund. In addition to flying ticket-purchasing passengers out of Los Angeles County, Avelo also received backlash and calls for boycott after it was announced the airline had partnered with the U.S. Department of Immigration and Customs Enforcement to provide charter flights to assist with its deportation efforts. Those flights were specifically operated out of the Mesa Gateway Airport in Arizona, but a push for a company boycott was widespread on social media. A spokesperson for the company denied that the decision was related to its charter program in Arizona, and said the company had invested 'significant time, resources and efforts,' that have not produced 'results necessary' to continue its West Coast presence. Request for comment from the Hollywood Burbank Airport regarding the news was directed back to Avelo. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18 minutes ago
- Yahoo
US agencies shrink layoff plans after mass staff exodus
By Courtney Rozen WASHINGTON (Reuters) -The Trump administration will reduce planned federal worker layoffs, a personnel official said on Monday, after tens of thousands of employees accepted buyouts or retired early to avoid dismissal. "Several agencies are now not planning to proceed" with staff cuts, Office of Personnel Management senior adviser Noah Peters said in a statement filed in federal court. He said the financial incentives that departments offered employees to quit in the first few months of the administration, along with "natural attrition" were the reasons agencies were rethinking layoffs. Peters did not specify which departments were reducing their planned layoffs. This is the latest example of the Trump administration walking back announcements to cut federal workers, after more aggressively pursuing staff reductions earlier this year. The Department of Veterans Affairs said in July that it would reduce staff by about 30,000 people rather than 80,000. Upon taking office in January, President Donald Trump launched a campaign to overhaul the 2.3 million-strong federal civilian workforce, led by billionaire Elon Musk and his Department of Government Efficiency. By late April, about 100 days into the effort, the government overhaul had resulted in the firing, resignations and early retirements of 260,000 civil servants, according to a Reuters tally. As part of the overhaul, Trump in February ordered agencies to write blueprints for mass layoffs. Federal worker unions and their allies sued, arguing that the president needed permission from Congress to reshape the agencies. San Francisco-based U.S. District Judge Susan Illston in May sided with the unions and ordered the Trump administration not to carry out the plans while the case proceeded. The Supreme Court on July 9 reversed Illston's order. The justices cleared the way for 19 federal agencies to pursue mass government job cuts. The list includes the departments of Defense and Homeland Security, among others.
Yahoo
19 minutes ago
- Yahoo
JOBY Gains 33.9% in a Month: Buy, Sell or Hold the Stock?
California-based transportation company Joby Aviation JOBY is a leading player in the electric vertical takeoff and landing (eVTOL) space. JOBY shares have performed exceedingly well lately, gaining 33.9% in the past 30 days, outperforming the Zacks Transportation-Airline industry and another eVTOL-focused stock, Archer Aviation ACHR. Image Source: Zacks Investment Research Last month, the company completed a series of piloted, vertical-takeoff-and-landing wingborne flights in Dubai. The flights were conducted in partnership with Dubai's Roads and Transport Authority, the Dubai Civil Aviation Authority and UAE's General Civil Aviation Authority. This achievement is a giant step toward Joby's anticipation of carrying its first passengers in 2026. To support this, the company is expanding its manufacturing facility. This should help JOBY deliver more aircraft in the coming years. The success in Dubai also marks a significant step in Joby's three-pronged commercialization strategy: direct operations, aircraft sales and regional partnerships. This development in Dubai naturally pleased investors and resulted in the northbound movement in shares witnessed lately. With JOBY riding high, individuals may rush to add the stock to their portfolio. However, before making any investment decision, it would be prudent to delve deeper and analyze JOBY's growth prospects and the associated risks. With cities becoming more and more congested, the demand for more efficient and eco-friendly transportation solutions is on the rise. Although similar to helicopters, eVTOLs score better as they are emission-free and quieter due to their electric motors. Further, they possess the ability to navigate remote or difficult-to-access areas. This increases their value for search and rescue missions. The eVTOL market is reportedly projected to grow from $1.76 billion in 2024 to $24.1 billion by 2031, at a CAGR of 51.6% between 2023 and 2031. eVTOLs have the potential to revolutionize urban transportation by bypassing congested ground traffic and utilizing vertical space for faster, point-to-point travel. By utilizing the vertical space, the usage of eVTOLs can bring about a reduction in noise pollution and lower carbon emissions. Joby Aviation, a key player in the space, is focused on developing an electric "flying taxi" for commercial use. Joby Aviation plans to develop facilities capable of producing up to 500 eVTOL aircraft annually in Dayton. This strategic move underscores Joby Aviation's commitment to scaling up its production capacity and meeting the demand for electric air taxis. Also, it demonstrates the company's tangible progress toward commercializing its electric air taxis. Joby Aviation's growth prospects are bolstered by its strategic partnerships and advanced certification timeline. The company is well-served by its association with the Department of Defense and Toyota TM. In October 2024, Japan's auto giant Toyota announced its decision to invest a further $500 million in Joby. Recently, Joby announced the successful closure of the first $250 million tranche of the strategic investment from Toyota Motor. The capital injection aims to expedite Joby's certification process and commercial production. Joby's air-mobility-related dream and passion, coupled with Toyota's expertise in production processes and technology development, led to Joby's first air taxi exhibition flight overseas in Japan last year. In May 2025, Joby Aviation announced its first-quarter 2025 results, which reflected its substantial progress on the certification of its aircraft. JOBY also entered into a partnership, earlier this year, with Virgin Atlantic to launch air taxi services in the UK, starting with their hubs at London Heathrow and Manchester. Joby Aviation is unlikely to be profitable any time soon, as commercial operations are yet to start. The company's negative return on equity further highlights its lack of profitability. Image Source: Zacks Investment Research In its path toward commercialization, JOBY is unlikely to escape turbulence as it navigates regulatory approvals, infrastructure development and adoption by consumers. In the absence of commercialization, there is no real demand for urban air mobility at present. Only time will tell how the market and customer demand for eVTOLs will turn out to be. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns. Without widespread recognition, JOBY's growth potential may be constrained. Additionally, the risk of battery failure due to high voltage and thermal issues is highly likely for eVTOL aircraft. JOBY stock is not so cheap, as its Value Score of F suggests a stretched valuation at this moment. In terms of price-to-book value, JOBY is trading at 11.09X, higher than its industry and peer Archer Aviation. Like Joby Aviation, Archer Aviation also has a Value Score of F. Image Source: Zacks Investment Research Agreed that JOBY's electric air taxi offers a promising solution for urban air mobility, addressing the growing demand for sustainable transportation alternatives. However, challenges remain in terms of scalability and public acceptance. With commercialization still some distance away, it's anybody's guess how market demand for eVTOL eventually shapes up. Also, JOBY's stretched valuation makes it a risky bet currently. We believe investors should steer clear of this stock, which currently carries a Zacks Rank #4 (Sell). 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 Toyota Motor Corporation (TM) : Free Stock Analysis Report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
