VTOL

Barrick Mining's Sale: Barrick Mining is selling its Hemlo gold mine in Canada to Carcetti Capital for up to $1.09 billion as part of a strategy to streamline its portfolio.

Impact on Operations: Following the sale, Barrick will no longer operate any active gold mines in Canada, although it plans to continue pursuing gold and copper mining opportunities in the country.

Investor Meetings Scheduled: Bristow Group Inc.'s CEO Chris Bradshaw will host investor meetings at the 2025 Barclays Energy-Power Conference on September 2 and participate in a hybrid fireside chat at the Jefferies Industrials Conference on September 3.

Company Overview: Bristow Group is a leading provider of innovative and sustainable vertical flight solutions, primarily offering aviation services to offshore energy companies and government entities.

Service Offerings: The company provides various services including personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, unmanned systems, and ad hoc helicopter services across three operating segments.

Global Presence: Bristow serves customers in multiple countries including Australia, Brazil, Canada, and the United States, among others, showcasing its extensive international reach.

Financial Performance: Bristow Group Inc. reported a strong Q2 2025 with revenues of $376.4 million and net income of $31.7 million, leading to an increase in Adjusted EBITDA outlook for 2025 and 2026, alongside accelerated debt payments and share repurchases.

Segment Analysis: The Offshore Energy Services segment saw revenue growth due to higher utilization rates, while the Government Services segment experienced a decline in operating income due to rising costs; overall, the company demonstrated mixed performance across its segments but maintained a positive trend in financial health.