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Alcoa Reports Q1 Results; Newmont's 2023 Sustainability Report; Foremost Lithium To Attend Planet MicroCap Showcase And More: Thursday's Top Mining Stories
Top Stories for April 18, 2024:
Alcoa Corp (NYSE:AA) reported first-quarter losses of 81 cents per share with revenues of $2.6 billion, slightly above the expected $2.56 billion.
In the alumina segment, revenues rose by 6% due to higher prices and increased shipments, while the aluminum segment saw a 3% revenue drop from lower prices and shipment timing.
Alumina production fell by 4% to 2.67 million metric tons and aluminum production remained stable at 542,000 metric tons.
Alcoa also finalized acquiring Alumina Limited and projects full-year alumina production of 9.8 million to 10 million metric tons and shipments of 12.7 million to 12.9 million metric tons.
Newmont Corporation (NYSE:NEM) released ...