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West Australian
23-07-2025
- Business
- West Australian
American West uncovers 8km copper horizon at giant Canada play
American West Metals has uncovered 8 kilometres of outcropping copper gossans at its giant Storm Copper project in Nunavut, Canada, alongside thick visual copper sulphides in ongoing drilling at its flagship Cyclone deposit. The outcrops were identified across its Tornado area, adrift from the main resource, with the promising shows underscoring the vast potential of the district-scale 2200 square kilometre address to continue to deliver high-grade copper discoveries. The company's regional exploration program was designed to follow up on a recent mobile magneto-telluric (MMT) survey, which highlighted multiple conductive anomalies as potential new discovery horizons. Early results of the program have mapped extensive chalcocite and malachite outcrops along major fault networks in the Tornado area, with portable X-ray analysis confirming high-grade copper sulphides across the massive 8km strike. American West says it is now gearing up for reverse circulation (RC) drilling to probe the fault-related targets in the coming days, adding firepower to an already extensive campaign of diamond drilling at the Cyclone deposit. The company says Cyclone has delivered some even more promising and unexpected results. Two geotechnical drill holes designed for an ongoing pre-feasibility study intersected thick zones of visual copper sulphides on the deposit's margins. The first hole hit a considerable 43 metres of combined sulphide mineralisation, including semi-massive chalcocite and chalcopyrite across five zones. A second hole intersected 49.5m of sulphides, with a notable 12.5m portion of semi-massive chalcocite, which was observed to run at more than 5 per cent chalcocite or 60 per cent copper. The intercepts were hosted in fractured dolomudstones of the Allen Bay Formation, suggesting significant resource expansion potential beyond Cyclone's current 13-million-tonne mineral resource grading 1.1 per cent copper. The company says its reverse circulation drilling program is also charging ahead, with 21 holes completed for 3194m. Twelve holes have targeted resource upgrades at American West's Thunder, Lightning Ridge, Cirrus, Cyclone and Corona deposits, while two test holes were plunged into extensions at Cyclone. Seven exploration holes were separately drilled into high-priority prospects such as The Gap, Cyclone West, Squall and Hailstorm. The reverse circulation rig will now shift to the Tornado area to test some of its 8km of near-surface copper potential. The company expects to receive assays from the completed holes in four to six weeks. The MMT survey, which identified six conductive anomalies in the Midway-Storm-Tornado corridor, continues to guide drill targeting, as on-going 3D modelling refines deeper prospects at scale. Located on Somerset Island, 120km south of Resolute Bay, Storm is close to the Northwest Passage, a seasonal ice-free shipping route historically used by world-class zinc-lead mines such as Polaris and Nanisivik. The project's preliminary economic assessment last year projected a US$149 million (A$228.5 million) net present value and a 46 per cent internal rate of return (IRR) for a low-capex, 10-year open-pit operation, with potential for a 135 per cent pre-tax IRR with debt financing. An 80 per cent initial capital commitment from Ocean Partners Holdings, secured via a 100 per cent off-take agreement, further de-risks the project's path to production as global copper prices close in on the all-time highs. With thick new sulphide intercepts, a new 8km copper gossan and 100km-plus of untested targets, American West looks to be uncorking the vast potential at Storm at just the right time. No doubt punters will be looking out for this not-so-little copper player, given the red metal is white hot. Is your ASX-listed company doing something interesting? Contact:
Yahoo
21-07-2025
- Business
- Yahoo
Gap (GAP) Drops 11.56% Ahead of Dividend Payout
We recently published The Gap, Inc. (NYSE:GAP) is one of this week's top performers. The Gap Inc. declined by 11.56 percent week-on-week, finishing at $20.19 last Friday versus $22.83 on July 11, as investors sold off positions following the ex-dividend date for its second quarter dividend payout. In May this year, The Gap, Inc. (NYSE:GAP) said its board of directors approved the distribution of dividends worth $0.165 per share to shareholders as of the July 9 record date. Payments will be made on July 30, 2025. Based on its historical earnings reporting dates, The Gap, Inc. (NYSE:GAP) is set to announce its second-quarter earnings in the fourth week of August 2025. Northfoto / In the first quarter ending May 2025, The Gap, Inc. (NYSE:GAP) grew its net income by 22 percent to $193 million from $158 million in the same period last year. Net sales dipped by 2 percent to $3.46 billion from $3.39 billion year-on-year. While we acknowledge the potential of GAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . 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
Forbes
21-07-2025
- Business
- Forbes
Levi's Goes Back To Its Roots To Try To Stay Current
Levi Strauss is the leading jeans brand in the world, but has had a troubled recent past. (Photo by ... More) Much has been written about the challenges facing legacy brands in today's hyper-competitive business environment. Often, the comments refer to technology companies that once seemed all-conquering and then fail to keep up with developments and find themselves outflanked. Think Nokia, BlackBerry and Intel. But retail, where customers can be especially fickle, is also highly vulnerable. Consider the recent struggles of The Gap and J Crew, to name but two former success stories that have lately found the going hard. For the jeans maker Levi Strauss, though, the challenge is especially tough since it has to balance its heritage — it claims to have invented the blue jean in 1873 — with keeping up with fashion. And it is fair to say that in recent years that has been something of a struggle. Originally listed on the stock market in the U.S. in 1971, the San Francisco-based company was taken private by the founder's family in 1985, only to return to the public market in 2019. But, whether in public or private hands and whether run by the family or professional managers, it has battled with increasing competition from both budget lines and, increasingly, premium denim brands and a perception that its customer base is made up of ageing baby boomers. However, the company currently appears to be enjoying something of a renaissance. A process of transforming the group that began under former chief executive Chip Bergh has been continued by Michelle Gass, who became chief executive in January 2024 after joining the company as president from the retailer Kohl's the previous year. Crucially, it is based on a realization that the way to move forward was to reconnect with the company's origins. It has abandoned its budget denim lines, sold the struggling chinos brand Dockers and — while it has a foot in the activewear camp through ownership of Beyond Yoga — is focusing on promoting quality denim clothing at affordable prices as epitomised by its iconic 501 brand. And the fruits of this strategy can be seen in results for the second quarter of the financial year published earlier this month. Revenue was up 6.4% from a year ago, to $1.45 billion, while margins expanded to a record 62.6% and earnings per share were up 37%. With the company's share price up more than a fifth this year, its market value is now $8.3bn, below its peak, but well up on the $5.3bn of a couple of years ago. Moreover, executives are sufficiently confident that they have raised revenue and earnings per share expectations for the full year. The global performance was matched by that in Europe where Lucia Marcuzzo has been the region's managing director since the spring of last year. An executive with more than two decades' experience in the denim sector — she was head of retail at Diesel before joining Levi's European operation, initially as vice-president in charge of retail — she is clearly proud of the strong growth 'in a challenging environment.' In an interview in London earlier this month, Marcuzzo explained the elements of the strategy and how they were paying off. Speaking in the private Haus of Strauss reception area where Levi's invites celebrities and other special customers to select personalised items, she explained that she felt being an icon and a centre of culture mattered. 'Not only mirroring the culture but contributing to shaping the culture' was a key part of building a coherent brand that connected 'generation after generation.' As evidence, she pointed to how the company had collaborated with Beyonce´, a long-time fan, after getting a hint that the company would be referenced in a song on her latest album, Cowboy Carter. Similarly, Noel Gallagher visited the Haus of Strauss to select the shirt he wore for the first of the Oasis comeback concerts. Last month, Levi's played a central part at the Primavera Festival in Barcelona. Another collaboration, with the shoe company Nike, sold out in nine minutes and forced the closure of the store in London's Regent Street. But this is about more than seeking to be cool with the young crowd. The connection with customers means that the company has more than 38 million members of its loyalty scheme around the world, with nearly 14 million in Europe. 'It's a source of insights. We learn from them what they want,' explains Marcuzzo. Although some might feel that the stores are geared too much to younger consumers, she insists that people of all ages visit them. Great effort is taken to train staff to ensure they provide good service, with a particular emphasis on giving women the service they want, while store managers are treated as if they are 'CEOs of their stores' and are able to choose which items to stock based on local demands with the aim of making them more engaged. Those that want an even more bespoke service can opt to have their jeans or jackets made to measure at one of the Lot 1 studios in London and a handful of other cities around the world. Moreover, the focus on direct to consumer that is a key part of the strategy means that the company's website is enhanced by AI and other technologies to give the customer similar advice on fit and size to that they would receive in-store. At the same time, the decision to rationalise its warehousing into one location for online and in-store sales means that there should be no delay in receiving items ordered online. That said, 60% of customers are still buying in 'multi-brand environments.' While the company is now more likely to end relationships than open new ones, it recognizes that every element has a role to play and works hard to support partners — whether large department stores such as London's Selfridges, smaller high street shops or online retailers. 'Our mindset is to have a direct connection with the customer no matter where they buy,' says Marcuzzo. Having all stock in once place also enables the company to be faster to market and to respond to information it receives from staff via its internal social media. 'We are doubling down on tools that serve the purpose of building more agility. We are pushing decisions closer to the customer and empowering stores,' she adds. In addition, the company is looking to add to its offering. The global leader in jeans, it is renowned for innovations in fabrics and colours and sees opportunities in the market for tops. It is also very much targeting women customers. No doubt with one eye on its premium competitors, it is in the autumn launching a limited edition Blue Tab line that will utilize sought-after Japanese denim to offer 'quality at an affordable price.' And there will be more, carefully-chosen, collaborations. But Marcuzzo and her colleagues on the executive team are only too aware of the harsh realities of the current business climate. 'The new norm is resilience and agility,' she says. 'While we have a strategy, we are constantly adjusting.' In keeping with this, the company has a diversified supply chain and — while the recent results acknowledged the potential impact of tariffs (with jeans specifically mentioned in the tit-for-tat between the U.S. and the E.U.) — Marcuzzo stresses that the European business does not import from the U.S.. Even here, though, she sees a potential upside. 'In times of uncertainty, people revert to brands they trust,' she says.
West Australian
18-07-2025
- West Australian
Maria Jamieson: Albany police have welfare concerns for 77-year-old woman last seen in Yakamia
Albany police are urgently seeking help in locating a 77-year-old woman who was last seen in Yakamia on Thursday. Maria Jamieson was last seen at her Yakamia home on July 17. She is described as being 159cm tall, of medium build, with short white-silver hair. Police report Ms Jamieson may be driving her white Kia Cerato hatchback bearing the registration 1HCM485 and have her Maltese Shitzu dog Bonnie with her. She reportedly likes to visit The Gap, Torbay and Cozy Corner. Poice hold concerns for Ms Jamieson's welfare and urge anyone who sees her or her vehicle, or who has any information relating to her whereabouts, to call police immediately on 131 444.
Perth Now
18-07-2025
- Perth Now
Welfare concerns for elderly woman missing in Albany
Albany police are urgently seeking help in locating a 77-year-old woman who was last seen in Yakamia on Thursday. Maria Jamieson was last seen at her Yakamia home on July 17. She is described as being 159cm tall, of medium build, with short white-silver hair. Ms Jamieson may be driving her white Kia Cerato hatchback bearing the registration 1HCM485. Credit: WA Police Police report Ms Jamieson may be driving her white Kia Cerato hatchback bearing the registration 1HCM485 and have her Maltese Shitzu dog Bonnie with her. She reportedly likes to visit The Gap, Torbay and Cozy Corner. Poice hold concerns for Ms Jamieson's welfare and urge anyone who sees her or her vehicle, or who has any information relating to her whereabouts, to call police immediately on 131 444.
