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Finance & Markets

MTY Reports Third Quarter Results For Fiscal 2026, Announces End of Strategic Review and Increases Dividend by 35%

GAAP Measures: Segment profits were $59.9 million during the 13-week period ended August 30, 2026 (the “third quarter”). Net income attributable to owners of $24.8 million, or $1.08 per diluted share compared to $27.9 million, or $1.22 per diluted share in Q3-25. Cash flows provided by operating activities decreased 4% or $1.4 million to $37.6 […]

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Freight Up 50%, Mills Won’t Pay: Brazil’s Small Miners Squeezed From Both Ends, So Why Won’t Vale Cut?

On 29 September, CSN Mineração issued a material fact announcing a temporary cut in iron ore output at the dry processing plant of its Pires Complex in Ouro Preto, Minas Gerais, citing current market…

  • Brazil's small miners face higher freight costs and lower ore prices.
  • Freight rates peaked at USD 43.38/t on September 23 due to Middle East conflict.
  • Steel mills experience negative margins due to tight coking coal supply.

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