Capstone: Q2 Earnings Snapshot
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 3 cents. Earnings, adjusted for non-recurring costs, came to 4 cents per share.
The base metals mining company posted revenue of $543.2 million in the period.
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Hamilton Spectator
3 hours ago
- Hamilton Spectator
Rural US high schools are offering more college-level classes, but college can still be a tough sell
PERRY, N.Y. (AP) — As a student in western New York's rural Wyoming County, Briar Townes honed an artistic streak that he hopes to make a living from one day. In high school, he clicked with a college-level drawing and painting class. But despite the college credits he earned, college isn't part of his plan. Since graduating from high school in June, he has been overseeing an art camp at the county's Arts Council. If that doesn't turn into a permanent job, there is work at Creative Food Ingredients, known as the 'cookie factory' for the way it makes the town smell like baking cookies, or at local factories like American Classic Outfitters, which designs and sews athletic uniforms. 'My stress is picking an option, not finding an option,' he said. Even though rural students graduate from high school at higher rates than their peers in cities and suburbs, fewer of them go on to college. Many rural school districts, including the one in Perry that Townes attends, have begun offering college-level courses and working to remove academic and financial obstacles to higher education, with some success. But college doesn't hold the same appeal for students in rural areas where they often would need to travel farther for school, parents have less college experience themselves, and some of the loudest political voices are skeptical of the need for higher education. College enrollment for rural students has remained largely flat in recent years, despite the district-level efforts and stepped-up recruitment by many universities. About 55% of rural U.S. high school students who graduated in 2023 enrolled in college, according to National Clearinghouse Research Center data. That's compared to 64% of suburban graduates and 59% of urban graduates. College can make a huge difference in earning potential. An American man with a bachelor's degree earns an estimated $900,000 more over his lifetime than a peer with a high school diploma, research by the Social Security Administration has found. For women, the difference is about $630,000. A school takes cues from families' hopes and goals A lack of a college degree is no obstacle to opportunity in places such as Wyoming County, where people like to say there are more cows than people. The dairy farms, potato fields and maple sugar houses are a source of identity and jobs for the county just east of Buffalo. 'College has never really been, I don't know, a necessity or problem in my family,' said Townes, the middle of three children whose father has a tattoo shop in Perry. At Perry High School, Superintendent Daryl McLaughlin said the district takes cues from students like Townes, their families and the community, supplementing college offerings with programs geared toward career and technical fields such as the building trades. He said he is as happy to provide reference checks for employers and the military as he is to write recommendations for college applications. 'We're letting our students know these institutions, whether it is a college or whether employers, they're competing for you,' he said. 'Our job is now setting them up for success so that they can take the greatest advantage of that competition, ultimately, to improve their quality of life.' Still, college enrollment in the district has exceeded the national average in recent years, going from 60% of the class of 2022's 55 graduates to 67% of 2024's and 56% of 2025's graduates. The district points to a decision to direct federal pandemic relief money toward covering tuition for students in its Accelerated College Enrollment program — a partnership with Genesee Community College. When the federal money ran out, the district paid to keep it going. 'This is a program that's been in our community for quite some time, and it's a program our community supports,' McLaughlin said. About 15% of rural U.S. high school students were enrolled in college classes in January 2025 through such dual enrollment arrangements, a slightly lower rate than urban and suburban students, an Education Department survey found. Rural access to dual enrollment is a growing area of focus as advocates seek to close gaps in access to higher education. The College in High School Alliance this year announced funding for seven states to develop policy to expand programs for rural students. Higher education's image problem is acute in rural America Around the country, many students feel jaded by the high costs of college tuition. And Americans are increasingly skeptical about the value of college, polls have shown, with Republicans, the dominant party in rural America, losing confidence in higher education at higher rates than Democrats. 'Whenever you have this narrative that 'college is bad, college is bad, these professors are going to indoctrinate you,' it's hard,' said Andrew Koricich, executive director of the Alliance for Research on Regional Colleges at Appalachian State University in North Carolina. 'You have to figure out, how do you crack through that information ecosphere and say, actually, people with a bachelor's degree, on average, earn 65% more than people with a high school diploma only?' In much of rural America, about 21% of people over the age of 25 have a bachelor's degree, compared to about 36% of adults in other areas, according to a government analysis of U.S. Census findings. Some rural educators don't hold back on promoting college In rural Putnam County, Florida, about 14% of adults have a bachelor's degree. That doesn't stop principal Joe Theobold from setting and meeting an annual goal of 100% college admission for students at Q.I. Roberts Jr.-Sr. High School. Paper mills and power plants provide opportunities for a middle class life in the county, where the cost of living is low. But Theobold tells students the goal of higher education 'is to go off and learn more about not only the world, but also about yourself.' 'You don't want to be 17 years old, determining what you're going to do for the rest of your life,' he said. Families choose the magnet school because of its focus on higher education, even though most of the district's parents never went to a college. Many students visit college campuses through Camp Osprey, a University of North Florida program that helps students experience college dorms and dining halls. In upstate New York, high school junior Devon Wells grew up on his family farm in Perry but doesn't see his future there. He's considering a career in welding, or as an electrical line worker in South Carolina, where he heard the pay might be double what he would make at home. None of his plans require college, he said. 'I grew up on a farm, so that's all hands-on work. That's really all I know and would want to do,' Devon said. Neither his nor Townes' parents have pushed one way or the other, they said. 'I remember them talking to me like, `Hey, would you want to go to college?' I remember telling them, 'not really,'' Townes said. He would have listened if a college recruiter reached out, he said, but wouldn't be willing to move very far. ___ The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at . Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. 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San Francisco Chronicle
3 hours ago
- San Francisco Chronicle
Rural US high schools are offering more college-level classes, but college can still be a tough sell
PERRY, N.Y. (AP) — As a student in western New York's rural Wyoming County, Briar Townes honed an artistic streak that he hopes to make a living from one day. In high school, he clicked with a college-level drawing and painting class. But despite the college credits he earned, college isn't part of his plan. Since graduating from high school in June, he has been overseeing an art camp at the county's Arts Council. If that doesn't turn into a permanent job, there is work at Creative Food Ingredients, known as the 'cookie factory' for the way it makes the town smell like baking cookies, or at local factories like American Classic Outfitters, which designs and sews athletic uniforms. 'My stress is picking an option, not finding an option,' he said. Even though rural students graduate from high school at higher rates than their peers in cities and suburbs, fewer of them go on to college. Many rural school districts, including the one in Perry that Townes attends, have begun offering college-level courses and working to remove academic and financial obstacles to higher education, with some success. But college doesn't hold the same appeal for students in rural areas where they often would need to travel farther for school, parents have less college experience themselves, and some of the loudest political voices are skeptical of the need for higher education. College enrollment for rural students has remained largely flat in recent years, despite the district-level efforts and stepped-up recruitment by many universities. About 55% of rural U.S. high school students who graduated in 2023 enrolled in college, according to National Clearinghouse Research Center data. That's compared to 64% of suburban graduates and 59% of urban graduates. College can make a huge difference in earning potential. An American man with a bachelor's degree earns an estimated $900,000 more over his lifetime than a peer with a high school diploma, research by the Social Security Administration has found. For women, the difference is about $630,000. A school takes cues from families' hopes and goals A lack of a college degree is no obstacle to opportunity in places such as Wyoming County, where people like to say there are more cows than people. The dairy farms, potato fields and maple sugar houses are a source of identity and jobs for the county just east of Buffalo. 'College has never really been, I don't know, a necessity or problem in my family,' said Townes, the middle of three children whose father has a tattoo shop in Perry. At Perry High School, Superintendent Daryl McLaughlin said the district takes cues from students like Townes, their families and the community, supplementing college offerings with programs geared toward career and technical fields such as the building trades. He said he is as happy to provide reference checks for employers and the military as he is to write recommendations for college applications. 'We're letting our students know these institutions, whether it is a college or whether employers, they're competing for you,' he said. 'Our job is now setting them up for success so that they can take the greatest advantage of that competition, ultimately, to improve their quality of life.' Still, college enrollment in the district has exceeded the national average in recent years, going from 60% of the class of 2022's 55 graduates to 67% of 2024's and 56% of 2025's graduates. The district points to a decision to direct federal pandemic relief money toward covering tuition for students in its Accelerated College Enrollment program — a partnership with Genesee Community College. When the federal money ran out, the district paid to keep it going. 'This is a program that's been in our community for quite some time, and it's a program our community supports,' McLaughlin said. About 15% of rural U.S. high school students were enrolled in college classes in January 2025 through such dual enrollment arrangements, a slightly lower rate than urban and suburban students, an Education Department survey found. Rural access to dual enrollment is a growing area of focus as advocates seek to close gaps in access to higher education. The College in High School Alliance this year announced funding for seven states to develop policy to expand programs for rural students. Higher education's image problem is acute in rural America Around the country, many students feel jaded by the high costs of college tuition. And Americans are increasingly skeptical about the value of college, polls have shown, with Republicans, the dominant party in rural America, losing confidence in higher education at higher rates than Democrats. 'Whenever you have this narrative that 'college is bad, college is bad, these professors are going to indoctrinate you,' it's hard,' said Andrew Koricich, executive director of the Alliance for Research on Regional Colleges at Appalachian State University in North Carolina. 'You have to figure out, how do you crack through that information ecosphere and say, actually, people with a bachelor's degree, on average, earn 65% more than people with a high school diploma only?' In much of rural America, about 21% of people over the age of 25 have a bachelor's degree, compared to about 36% of adults in other areas, according to a government analysis of U.S. Census findings. Some rural educators don't hold back on promoting college In rural Putnam County, Florida, about 14% of adults have a bachelor's degree. That doesn't stop principal Joe Theobold from setting and meeting an annual goal of 100% college admission for students at Q.I. Roberts Jr.-Sr. High School. Paper mills and power plants provide opportunities for a middle class life in the county, where the cost of living is low. But Theobold tells students the goal of higher education 'is to go off and learn more about not only the world, but also about yourself.' 'You don't want to be 17 years old, determining what you're going to do for the rest of your life,' he said. Families choose the magnet school because of its focus on higher education, even though most of the district's parents never went to a college. Many students visit college campuses through Camp Osprey, a University of North Florida program that helps students experience college dorms and dining halls. In upstate New York, high school junior Devon Wells grew up on his family farm in Perry but doesn't see his future there. He's considering a career in welding, or as an electrical line worker in South Carolina, where he heard the pay might be double what he would make at home. None of his plans require college, he said. 'I grew up on a farm, so that's all hands-on work. That's really all I know and would want to do,' Devon said. Neither his nor Townes' parents have pushed one way or the other, they said. 'I remember them talking to me like, `Hey, would you want to go to college?' I remember telling them, 'not really,'' Townes said. He would have listened if a college recruiter reached out, he said, but wouldn't be willing to move very far. ___
San Francisco Chronicle
3 hours ago
- San Francisco Chronicle
How an alleged Ponzi scheme targeting Republicans left investors and politicians reeling
CEDARTOWN, Ga. (AP) — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He's looking to claw back funds, including almost 1,000 political donations totaling more than $1 million, that often backed far-right Republican insurgents. Some of these same politicians say they too lost money, but others left holding the bag for First Liberty Building & Loan are rank-and-file conservatives, swayed by talk show pundits who promoted it as an opportunity for Christians and 'America First MAGA patriots.' 'I worked my whole life to build up savings and have a little bit of retirement so I could just live comfortably,' said Michael Tinney, a 59-year-old real estate broker from Cedartown, Georgia. Tinney said he deposited $600,000 after hearing First Liberty pitched on shows hosted by conservatives including Erick Erickson, Hugh Hewitt and Charlie Kirk. First Liberty had promised returns up to 16% by making high-interest loans to businesses. Brant Frost IV, an evangelical powerbroker, touted 'Wall Street returns for Main Street investors.' But he skimmed $17 million for himself, his relatives and their affiliated companies, and loaned millions more that borrowers never repaid, a U.S. Securities and Exchange Commission lawsuit claims. 'We've got retired teachers, we've got retired businessmen, we've got retired ministers who have been part of this program as well as doctors, lawyers, everyone else you can imagine,' his son, Brant Frost V, said in 2024. Tinney said the younger Frost drove to his office to secure his investment. 'Substantial losses' to the investors According to a July 21 report from court-appointed receiver S. Gregory Hays, assets now include just $1.2 million in cash along with some Frost family real estate. Hays told The Associated Press it's too early to estimate how much money is recoverable, but he's moving to foreclose on collateral pledged by borrowers who defaulted, including a failed South Carolina factory. Hays also seized and plans to auction Brant Frost IV's Aston Martin sports car. A social media post celebrating that 2022 purchase is particularly scorned by angry investors. But Hays doubts he can get everything back. 'The investors are going to have substantial losses here,' he said. Georgia and Alabama also are investigating. Georgia Secretary of State Brad Raffensperger urged politicians to return campaign cash. Hays said he's already received $110,000, plus a returned $20,000 charitable donation. Frost said on July 11 that he takes 'full responsibility' and would 'spend the rest of my life trying to repay as much as I can to the many people I misled and let down.' But no criminal charges have been announced, and some Frost relatives retain influential positions in the Georgia Republican Party, whose chairman, Josh McKoon, has had the Frosts' political and financial support. McKoon said the party returned nearly $37,000 in Frost donations and he's 'profoundly saddened that members of our conservative movement' lost money. Some of the money flowed both ways Campaign disclosures show First Liberty, the Frosts and associated companies contributed widely to Republican causes, including more than $700,000 in Georgia, $150,000 in Alabama and nearly $140,000 in Maine, where the Frosts spent $230,000 over multiple years renting a Kennebunkport vacation home. Georgia donations included $1,000 to former party chairman David Shafer's unsuccessful 2018 lieutenant governor campaign, and tens of thousands to the state party. Shafer pushed efforts to overturn President Donald Trump's 2020 defeat in Georgia — leading to an indictment — now stalled on pretrial appeal — against Shafer, Trump and others. A company run by Shafer — Springwood Capital — says in a July 10 lawsuit that it lost $200,000 invested in First Liberty. Its attorney, Brent Herrin, said the company is 'one of hundreds of defrauded investors.' Herrin declined to confirm Shafer owns the company, but financial disclosures show Shafer in 2017 owned at least part of Springwood Capital's parent company. McKoon, who received $4,500 in Frost donations, handled Springwood Capital's incorporation papers. McKoon said he didn't lose any money. Salleigh Grubbs, Georgia GOP first vice-chairman, said on a July 16 radio show that 'a lot of Republican members ... were heavily invested.' In Alabama, Republican state Auditor Andrew Sorrell says he and a political action committee he controls both lost money. He hasn't said how much he lost personally, but records show Alabama Christian Citizens PAC invested $29,000. 'The company had marketed itself through conservative channels as a 'patriotic' and 'Christian' investment opportunity,' Sorrell said, adding he learned a 'tough lesson.' But Sorrell, now running for Alabama Secretary of State, also benefited: He pocketed $55,000 for his campaigns, while Alabama Christian Citizens and Sorrell's federal-level U.S. Christian Citizens PAC each got $12,500. Warm words from pundits Erickson, an Atlanta-based syndicated radio host, once steered listeners to the Frosts. 'They're active in conservative politics ... good Christian family. I have known them for years. They are wonderful people,' he said in 2020. 'This is how we grow, this is how we fund our movement, and this is how we help out America First MAGA patriots,' radio host John Fredericks said during a June 2024 interview with Brant Frost V. Tinney said the hosts made First Liberty sound 'pretty credible.' Now he calls their warm endorsements a 'recipe for disaster,' and is still waiting for apologies. Fredericks did call the SEC complaint 'disturbing' and 'damning' during a July 16 show. 'I have talked to them many times, never had an inkling that any of that was going on,' Fredericks said, adding: 'They have to have their day to fight the charges.' Holding onto power despite the critics Brant Frost V, accused Wednesday in a Georgia Ethics Commission complaint of illegally influencing elections, resigned from the state Republican committee Thursday and is resigning as Coweta County GOP chairman, McKoon said. Krista Frost, Brant Frost IV's wife, remains on the state committee and Brant Frost V's sister, Katie Frost, remains 3rd Congressional District GOP chair. McKoon and some allies won party elections in June after a nominating committee led by Katie Frost endorsed them. McKoon's vanquished rival, David Cross, is contesting those results to the Republican National Committee, saying McKoon and the Frosts engaged in skullduggery. Cross, a financial adviser, says he first reported First Liberty's possible misdeeds to state authorities in 2024. Georgia Republican National Committeewoman Amy Kremer, whose daughter was among those defeated, demanded the Frosts' ouster.
