KALU - Century Aluminum Gold Fields Coeur Mining And Kaiser Aluminum Announce Financial Results: Thursday's Top Mining Stories | Benzinga
Top Stories for Feb. 22, 2024:
1. Century Aluminum Company (NASDAQ: CENX) announced fourth-quarter and full-year 2023 financial results.
Century reported fourth-quarter net sales of $512.3 million, with a net income of $30 million ($0.30 per diluted share) and an adjusted net income of $40 million ($0.39 per share).
The quarter also saw an ending cash balance of $88.8 million, strong liquidity of $312.5 million and a significant $59.3 million credit from the Inflation Reduction Act.
For the full year, Century's net sales reached $2.2 billion, despite a net loss of $43.1 million ($0.47 per share), but achieved an adjusted net income of $30.7 million ($0.33 per share).
2023 also saw net cash from operating activities at $105.6 million, reinvestment in capital projects, debt reduction, the acquisition of a 55% stake in Jamalco, a new power agreement for Mt. Holly and a five-year union labor contract for the Sebree smelter.
2. Gold Fields (NYSE: GFI) reported full-year 2023 financial results.
The company met its ...