Latest news for Sandfire Resources (OTC:SRAFF) Stock

Sandfire Resources America Inc is engaged in the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, USA. The property contains sediment-hosted zones of massive sulfide mineralization. The drilling encountered significant zones of strata-bound copper sulfide with cobalt in multiple bedded pyrite zones in the lower part of the Precambrian Belt Super group. The Company's operations are limited to a single industry segment being the acquisition, exploration, and development of resource properties.

SANDFIRE RES AMER INC by Sandfire Resources America Inc.

Sandfire Resources America Inc

The escalation in Venezuela after <a href="https://www.benzinga.com/news/24/07/40012327/us-expresses-serious-concern-as-both-venezuelan-president-nicolas-maduro-and-opposition-claim-electi">a disputed election vote</a> could lead to billionaire Elon Musk and the leader of the country fighting.
Here's the latest.
What Happened: In 2023, an ongoing feud between Tesla Inc CEO Musk and Meta Platforms CEO Mark Zuckerberg led to a challenge to turn the battle<a href="https://www.benzinga.com/general/entertainment/24/03/37759876/musk-vs-zuckerberg-billionaire-battle-could-heat-up-with-meta-platforms-ceo-2-billion-away-"> into a cage fight.</a>
While both parties never met in the cage, Musk has taken on a new fight challenge.
A disputed election in Venezuela that current President Nicolas Maduro claimed victory led to <a href="https://www.benzinga.com/news/24/07/40003819/elon-musk-calls-venezuela-elections-a-travesty-as-nicolas-maduro-wins-third-term-amid-fraud-allegati">Musk accusing the </a>world leader of "major election fraud."
Maduro did not take kindly to the fraud allegations and <a href="https://www.benzinga.com/news/24/07/40027649/nicolas-maduro-challenges-elon-musk-as-both-exchange-heated-words-after-venezuela-election-results-s">issued a fight challenge.</a>
"Do you want to fight? Let's do it. Elon Musk, I'm ready. I'm not afraid of you Elon Musk. Let's fight, where you want," Maduro said on national television.
Maduro accused Musk of potentially invading Venezuela based on comments the billionaire made.
On Wednesday, Musk replied to the fight challenge.
"I accept," Musk <a href="https://x.com/elonmusk/status/1818683475530334368">tweeted</a>.
A proposed fight between Zuckerberg and Musk gained steam thanks to posts on social media platform X. The role of social media and this past fight idea wasn't lost on Musk Wednesday.
"All three of us enter the ring, only one comes out," Musk <a href="https://x.com/elonmusk/status/1818698395646935476">said </a>to a potential fight with Maduro and Zuckerberg.
While X users were quick to say Musk would beat Maduro in a fight, the Tesla CEO gave <a href="https://x.com/elonmusk/status/1818700101520703898">props </a>to the Venezuelan leader.
"Maduro is a big guy himself and probably knows how to fight, so this would be a real fight. Zuck is a little fella, so that would be a short fight lol."
Musk also <a href="https://x.com/elonmusk/status/1818699112134721953">offered </a>up the potential stakes of the fight in a tweet.
"If I win, he resigns as dictator of Venezuela. If he wins, I give him a free ride to Mars."
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent073124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Venezuela's election held Sunday saw a reported 51% vote for Maduro and 44% vote for opposition leader Edmundo Gonzalez. Exit polls pointed to a different outcome with Gonzalez receiving 65% and Maduro receiving 31%.
Election results have been contested and residents of Venezuela have been marching in the country in protest with Maduro claiming victory and a third term as president and the continued Socialist rule of the country.
World leaders including Argentine President Javier Milei and U.S. Secretary of State Anthony Blinken are among those who have expressed concern over the election results.
Maduro is now asking the country's top court to certify his victory despite the opposition saying they have proof he lost the election, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-31/maduro-asks-friendly-venezuela-court-to-verify-his-election-win?srnd=phx-latest&amp;sref=TBDibEcD">reported</a>. The election "cannot be considered democratic," The Carter Center said after monitoring the election.
The court is controlled by loyalists who have previously issued favorable decisions on issues against the opposition parties, the report said.
Venezuela currently has economic sanctions from the U.S., which will likely continue with the disputed election.
While a fight with Maduro may not happen, Musk recently <a href="https://www.benzinga.com/news/24/07/39947719/elon-musk-says-he-will-fight-mark-zuckerberg-any-place-any-time-any-rules-cage-match-vibes-anyone">threw down a fight challenge </a>to Zuckerberg once again.
"I'll fight Zuckerberg any place, any time, and rules," Musk said in response to the ongoing fight challenge.
Check This Out: • Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent073124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a>
Photos: Shutterstock

Politics

Global

Move Over Zuckerberg, Musk Now Has A Fight With Venezuela President Maduro On His Mind: 'If I Win, He Resigns … If He Wins, I Give Him A Free Ride To Mars'

News

Guidance

Albemarle Continues To Expect FY24 Net Sales Of $5.5B - $6.2B, Est $5.725B

Vermilion Energy Revises Full-year Production Guidance To 83,000 To 86,000 Boe/D (From 82,000 To 86,000 Boe/D Previously)

RELY

CORRECTION: Remitly Revises FY24 Total Revenue From $1.225B - $1.25B To $1.23B - $1.25B, Est $1.238B

Earnings

SSBI

Summit State Bank Reports Q2 EPS Of $0.14 Vs $0.45 Prior Year

Sony Group Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) <a href="https://store.playstation.com/en-us/category/b2d586f8-d4a1-4c45-8e23-27d580936d5b/1">PlayStation Store's Summer Sale</a> has been a major highlight of 2024, and this week's fresh wave of deals elevates the <a href="https://www.benzinga.com/topic/playstation">event even further. </a>
The second wave brings an expansive array of discounts on PS5 and PS4 games, including some of the year&#8217;s most anticipated titles. With over 4,000 discounts spanning games, in-game currency, and DLC add-ons, there's no shortage of ways to save.
See Also:<a href="https://www.benzinga.com/general/gaming/24/07/39966966/playstation-vr2-expands-to-pc-in-august-with-new-steam-app"> PlayStation VR2 Expands To PC In August With New Steam App</a>
<h1 class="wp-block-heading">Notable Deals On PS5 Games</h1>
Among the standout offers, Marvel's Spider-Man 2 now comes with a $20 discount, priced at $49 — making it one of the best deals for PS5's flagship exclusive. This sale price reflects a significant reduction from its usual $69, presenting an excellent opportunity for fans of the beloved superhero.
Other notable deals include Star Wars Jedi Survivor (Deluxe Edition) reduced to $44 from $89, and Fallout 4, now available for $15 compared to its regular price of $39. 
Helldivers 2, another multiplayer favorite, is now priced at $47, down from $59.
For those seeking further savings, here are some of the most compelling discounts available:
<ul>
<li>Marvel's Midnight Suns: Originally $59, now $19 at Amazon. This game combines strategic turn-based combat with character-building elements, making it a must-play for Marvel enthusiasts.</li>
<li>Returnal: Priced at $29, down from $69. This PS5 exclusive features a unique roguelike structure that challenges players with its intense gameplay and immersive storyline.</li>
<li>God of War Ragnarök: Available for $39, reduced from $69. This sequel continues the epic saga of Kratos and Atreus through Norse mythology's Nine Realms.</li>
</ul>
<h1 class="wp-block-heading">In-Store And Digital Deals</h1>
The sale includes substantial discounts on both physical and digital media. For those who prefer physical copies, Amazon has a range of games on sale, including Riders Republic for $11, down from $59, and Prince of Persia: The Lost Crown at $24, down from $49.
On the digital front, the PlayStation Store offers deep discounts, such as the Mortal Shell Enhanced Edition for just $2, down from $29.
<h1 class="wp-block-heading">Important Sale Details</h1>
The PlayStation Store's second wave of the Summer Sale is live until Wednesday, Aug. 14. Shoppers have until then to take advantage of these discounts. 
For those interested in physical copies or additional accessories, Amazon also offers competitive prices on PS5 accessories, including the DualSense Wireless Controller and Media Remote.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/05/38901025/half-of-playstation-gamers-still-use-ps4-despite-ps5s-strong-sales-heres-why">Half Of PlayStation Gamers Still Use PS4 Despite PS5&#8217;s Strong Sales: Here&#8217;s Why</a></li>
</ul>

Gaming

General

Sony Group Corporation American Depositary Shares

SONY

Best Deals For PS5, PS4 Games Before PlayStation Sale Ends Aug. 14

Full-year gross profit margins are expected to be between&nbsp;54.0%&nbsp;and&nbsp;55.0%&nbsp;versus initial&nbsp;guidance&nbsp;of&nbsp;52.0%&nbsp;to&nbsp;54.0%&nbsp;reflecting increased revenue contribution from pharma patient affordability business.&nbsp;
&quot;Taking all of the factors above into consideration, we expect net income to be in the range of&nbsp;$2.0 million&nbsp;to&nbsp;$3.0 million, or&nbsp;$0.04&nbsp;to&nbsp;$0.06&nbsp;per diluted share, and adjusted EBITDA to be in the range of&nbsp;$9.0 million&nbsp;to&nbsp;$10.0 million&nbsp;(15.0%&nbsp;to&nbsp;17.0%&nbsp;of total revenues), or&nbsp;$0.16&nbsp;to&nbsp;$0.18&nbsp;per diluted share.&quot;

PAYS

Paysign Raises FY24 Total Revenues Forecast From $54.5M - $56.7M To $56.5M -$58.5M (Est $56.818M)

GOP state Sen. Joe Gruters came out on Wednesday to endorse Amendment 3, the <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">proposed constitutional amendment</a> that would legalize recreational cannabis for adults if passed at the ballot box in the <a href="https://www.benzinga.com/markets/cannabis/24/03/37992749/florida-supreme-court-shelves-cannabis-ballot-proposal-with-no-explanation-or-provisions-as-apri" target="_blank" rel="noreferrer noopener">November 2024 election</a>.
In doing so, <a href="https://floridaphoenix.com/2024/07/31/joe-gruters-opposes-desantis-fl-gop-in-supporting-measure-legalizing-adult-cannabis-use/">noted</a> the Florida Phoenix, he is going up against Gov. Ron DeSantis who <a href="https://www.benzinga.com/markets/cannabis/24/06/39455304/desantis-fierce-opposition-notwithstanding-floridas-cannabis-legalization-amendment-shatters-all">vehemently opposes the amendment</a> and by extension so does the Republican Party of Florida.
<h1 class="wp-block-heading">Why Is Gruters Doing It?</h1>
Gruters, who is the former Republican Party of Florida Chair, says it's based on conversations with constituents and people involved in the process. 
"To me it's a realization of where we are, where we're at as a society, what people are doing, what's happened with medical marijuana overall, and I think it's just been an evolving decision to which I said, ‘Let's come out and support it. Let's try to help this win and let's get ahead of this to make sure we do it right,&#8217;" he told the Phoenix.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/40045648/kamala-harris-gains-on-trump-in-his-home-state-of-florida-why-cannabis-legalization-and-abortion">Kamala Harris Gains On Trump In His Home State Of Florida: Why? Cannabis Legalization And Abortion Access</a>
<h1 class="wp-block-heading">Falling Out With DeSantis</h1>
After Gruters became one of the few GOP members to endorse Trump over DeSantis in the recent Republican primary, the governor proceeded to veto Gruters projects in the fiscal year budget. Things went downhill from there between the two Republicans. 
DeSantis, by the way, is scurrying to <a href="https://www.benzinga.com/markets/cannabis/24/07/39873861/desantis-backed-group-launches-to-defeat-cannabis-legalization-in-florida-gop-bigwigs-are-all-in">garner support</a> to defeat Amendment 3.
<h1 class="wp-block-heading">The Cops Are With DeSantis On This</h1>
Florida's men in blue are lining up behind the governor in his anti-weed crusade.
The Florida Police Chiefs Association (FPCA) became the second law enforcement group to announce its opposition to cannabis legalization, intoning DeSantis' chants that legal weed is a threat to public safety. 
"Among these impacts will be the growth of illegal markets and criminal cartels, impaired driving and traffic fatalities, homelessness, and hospitalization as a result of marijuana use," <a href="https://www.sun-sentinel.com/2024/07/30/a-lower-quality-of-life-for-all-law-enforcement-lines-up-against-legal-pot-in-florida/">said</a> FPCA president Charles Vazquez. &nbsp;
The FPCA's announcement came on the heels of the Florida Sheriffs Association releasing a resolution also detailing its opposition to Amendment 3.
&#8220;The well-being and health of the citizens of Florida are threatened through the legalization and normalization of recreational marijuana,&#8221; FSA president Bill Prummell <a href="https://tallahasseereports.com/2024/07/31/sheriffs-police-chiefs-oppose-pot-initiative/">said in a statement</a> per Tallahassee Reports. He pointed to impaired public health issues, road safety and youth marijuana use.
<h1 class="wp-block-heading">Slow Down, Say Proponents</h1>
<a href="https://www.benzinga.com/markets/cannabis/24/04/38313915/cannabis-in-florida-the-bellamy-brothers-tell-trulieve-ceo-we-rolled-a-fat-one-when-legalization" target="_blank" rel="noreferrer noopener">Smart &amp; Safe Florida</a>, the committee leading the Amendment 3 initiative, disputes those arguments.
&#8220;While marijuana can impair driving abilities, the claim that legalization leads to significantly more impaired driving fatalities is not supported by evidence,&#8221; per information on the committee's <a href="https://smartandsafeflorida.com/">website</a>. &#8220;Proper education, enforcement of impaired driving laws, and investment in public safety measures can mitigate any potential increase in marijuana-related traffic accidents.&#8221;
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39964922/ron-desantis-says-florida-supreme-court-should-not-have-allowed-cannabis-legalization-initiative">Ron DeSantis Says Florida Supreme Court Should &#8216;Not Have Allowed&#8217; Cannabis Legalization Initiative On Ballot</a></li>
</ul>
Photo: Benzinga edit with images by&nbsp;<a href="https://en.wikipedia.org/wiki/Ron_DeSantis#/media/File:Ron_DeSantis-crop.jpg" target="_blank" rel="noreferrer noopener">Wikimedia Commons&nbsp;</a>and&nbsp;<a href="https://www.pexels.com/photo/close-up-photo-of-cannabis-plant-7667883/" target="_blank" rel="noreferrer noopener">Kindel Media</a>&nbsp;on Pexels

Cannabis

Regulations

Legal

Ron DeSantis And GOP Stalwart Feud Over Cannabis Legalization, Trump; Florida's Top Cops Also Weigh In

WEAV

Weave Expects Q3 Total Revenue Of $50.7M - $51.7M (Est $50.36M); Raises FY24 Outlook From 	
$197M - $200M To $201M - $203M (Est $198.51M)

The Company intends to use the net proceeds from the offering to advance the clinical development of its product candidates &ndash; OST-HER2 and OST-tADC &ndash; and discover and develop new product candidates, as well as for working capital and other general corporate purposes.
OS Therapies&#39; common stock is expected to begin trading on the NYSE American stock exchange tomorrow, Thursday, August 1, 2024, under the symbol &quot;OSTX.&quot; The public offering is expected to close on Friday, August 2, 2024, subject to customary closing conditions.

IPOs

OSTX

OS Therapies Reports Pricing Of Its IPO Of 1.60M Shares At $4.00 Per Share, Raising Gross Proceeds Of $6.4M

Alex Kim, the Company&#39;s Chief Operating Officer and co-founder of Standard BioTools, will serve as Standard BioTools&#39; interim Chief Financial Officer starting on September 1, 2024. The Company has initiated a search process to identify a permanent successor.

Management

Standard BioTools Says CFO Jeffrey Black Will Resign From Company, Effective August 31, 2024

Standard BioTools Cuts FY24 Revenue Guidance From $200M - $205M To $170M - $175M (Est $201.176M; On-Track To Achieve Anticipated Break-Even Adjusted EBITDA For 2026

North American Construction Expects FY24 Combined Revenue Of C$1.4B - C$1.5B, Adj EPS Of C$3.95 - C$4.15

Reducing full-year 2024 revenue midpoint&nbsp;guidance&nbsp;by&nbsp;$45 million&nbsp;to reflect updated FX rates (~$12 million&nbsp;impact), updated OEM production volumes (~$18 million&nbsp;impact) and potential volatility in non-OEM and customer demand-based products (~$15 million&nbsp;impact).
Reducing adjusted operating margin and EBITDA margin expectations to reflect lower contribution from reduced revenue expectations, offset by improved gross margin performance and continued operating cost control

Stoneridge Cuts FY24 Revenue Guidance From $990M - $1.01B To $940M - $970M ($991.884M), Adjusted EPS To $0.18 - $0.28 (Est $0.15)

Q2 Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QTWO#NYSE">QTWO</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.31 by 22.58 percent. The company reported quarterly sales of $172.890 million which beat the analyst consensus estimate of $170.933 million by 1.15 percent. This is a 11.88 percent increase over sales of $154.531 million the same period last year.

Earnings Beats

QTWO

Q2 Holdings Q2 2024  Sales $172.890M Beat $170.933M Estimate

Q2 Holdings Expects Total Non-GAAP Revenue Of $171.5M - $174.5M For Q3 ($172.74M); Revises FY24 Range From $686M - $692M To $688.5M - $692.5M (Est $689.70M)

Third Quarter&nbsp;2024
<ul>
<li>Increasing revenue&nbsp;guidance&nbsp;to a range of&nbsp;$237.2 million&nbsp;to&nbsp;$241.2 million, up&nbsp;$9.2 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$230 million. The revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;26%&nbsp;to&nbsp;28%.</li>
<li>Increasing Adjusted EBITDA&nbsp;guidance&nbsp;to a range of&nbsp;$46.8 million&nbsp;to&nbsp;$47.3 million, up&nbsp;$1.8 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$45.3 million. The revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;39%&nbsp;to&nbsp;40%&nbsp;and an Adjusted EBITDA margin of&nbsp;19.4%&nbsp;to&nbsp;19.9%.</li>
</ul>

ZETA

Zeta Now Sees Q3 Revenue Of $237.2M - $241.2M, Est $230.43M

Compass Diversified Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.50 by 6 percent. The company reported quarterly sales of $542.595 million which missed the analyst consensus estimate of $550.120 million by 1.37 percent. This is a 3.52 percent increase over sales of $524.159 million the same period last year.

Earnings Misses

CODI

Compass Diversified Hldgs Q2 2024 Adj. EPS $0.53 Beats $0.50 Estimate, Sales $542.595M Miss $550.120M Estimate

Full Year 2024
<ul>
<li>Increasing revenue&nbsp;guidance&nbsp;to a range of&nbsp;$920 million&nbsp;to&nbsp;$930 million, up&nbsp;$25 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;$900 million. Revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;26%&nbsp;to&nbsp;28%.</li>
<li>Increasing Adjusted EBITDA&nbsp;guidance&nbsp;to a range of&nbsp;$174.5 million&nbsp;to&nbsp;$176.5 million, up&nbsp;$4.5 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$171 million. Revised&nbsp;guidance&nbsp;represents a year-over-year increase of&nbsp;35%&nbsp;to&nbsp;36%&nbsp;and an Adjusted EBITDA margin of&nbsp;18.8%&nbsp;to&nbsp;19.2%.</li>
<li>Increasing Free Cash Flow&nbsp;guidance&nbsp;to a range of&nbsp;$80 million&nbsp;to&nbsp;$90 million, up&nbsp;$5 million&nbsp;at the midpoint from the prior&nbsp;guidance&nbsp;of&nbsp;$80 million.</li>
</ul>

Zeta Raises 2024 Revenue Guidance From $895M - $905M To $920M - $930M, Est $900.45M

Gran Tierra Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GTE#AMEX">GTE</a>) reported quarterly earnings of $1.16 per share. The company reported $165.609 million in sales this quarter. This is a 4.88 percent increase over sales of $157.902 million the same period last year.

Gran Tierra Energy Q2 2024 GAAP EPS $1.16, Sales $165.609M Up From $157.902M YoY

Sandfire Resources America (TSE:SFR) has released an update. Sandfire Resources America Inc. has triumphed in the Montana Supreme Court, securing t...

Sandfire Resources Wins Key Legal Victory in Montana

Sandfire Resources wins court reinstatement of Black Butte mine operating permit

Sandfire Resources America (TSE:SFR) has released an update. Sandfire Resources America Inc. reported promising results from its Black Butte Copper...

Sandfire Resources Strikes High-Grade Copper

Sandfire Resources America (TSE:SFR) has released an update. Sandfire Resources America Inc. has announced an agreement to increase its bridge loan...

Sandfire Resources Expands Bridge Loan Facility

Sandfire Resources America (TSE:SFR) has released an update. Sandfire Resources America Inc. has reported promising results from its 2024 explorati...

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Latest news for Sandfire Resources (OTC:SRAFF) Stock