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This marks a significant difference from the last time this question was asked in May, when fewer than half of respondents shared a similar view, accounting for 48%. The survey also shows that the most likely outcome for the 30-year US Treasury yield by year-end is to reach or exceed 5%, indicating that the market has some doubts as to whether the Federal Reserve will move quickly enough to curb the recent surge in inflation. Expand

The damage this time was caused by strong winds reaching speeds of up to 80 miles per hour on June 14, resulting in a key stacker-reclaimer being unable to operate. The company stated that it is currently actively assessing the full impact and potential losses caused by the incident. The stacker-reclaimer is a core piece of equipment in mining and material handling operations, and its shutdown may disrupt the production process. This assessment will determine the time required for repair, the associated costs, and any short-term impact that may affect operations. The company has pledged to provide further updates once the assessment is complete.

According to the agreement, the company may sell its common stock through a non-underwritten "at-the-market offering," with the total amount raised reaching up to $50 million. The stock sales will be conducted through Virtu Americas as the sales agent. Such financing arrangements provide the company with the flexibility to sell shares in batches on the open market, depending on market conditions and its own capital needs. This move is intended to supplement capital for the company's operations and potential growth plans.