Mexican courts ruled that Capstone Copper Corp. must pay over $50 million in unpaid royalties to Minera Portree de Zacatecas (MPZ) for its 2% Net Smelter Return royalty on five mining concessions at the Cozamin copper-silver mine, dating back to 2019. The royalty was legally confirmed and registered in 2002 and remains the property of MPZ despite Capstone's acquisition of the concessions. Capstone has been producing copper and silver at Cozamin since 2010 and recently engaged Scotiabank to sell the mine, valued at around $400 million. The court rulings bind Capstone and any future buyers to honor the royalty payments, which are estimated to generate $9 million annually at current metal prices, with total claims including arrears and interest potentially exceeding $77 million. The final federal court decision on Capstone's appeal is pending, with enforcement and potential damages expected to follow.
Phemex has expanded its traditional finance (TradFi) offerings by introducing SPCXUSDT Pre-Market Perpetual Futures, allowing users to trade secondary-market prices linked to SpaceX in a 24/7 USDT-settled environment. This move aims to provide broade...
American Airlines shares edged up after initially falling in premarket trading, following the company's Q2 revenue forecast in line with estimates and an adjusted EPS outlook ranging from a small loss to a small profit. However, the airline lowered i...
At its 2026 Annual Shareholders Meeting, Michelin approved a €1.38 per share dividend payable on May 28, 2026. Philippe Jacquin was elected as the new General Manager, succeeding Yves Chapot. The meeting also re-elected several Supervisory Board memb...
At its May 22, 2026 shareholders meeting, Michelin approved a dividend of €1.38 per share payable on May 28, 2026. The meeting also saw the appointment of Philippe Jacquin as Non-Executive Manager, replacing Yves Chapot, and the renewal and addition ...
Allsteel has introduced Flourish, a new collaborative chair designed by Chris Adamick, aimed at modern office environments. The chair features a distinctive petaled back, layered upholstery, and multiple base options to support flexibility and comfor...
