Section 44 | Jotup

EQS-News: Varengold Bank AG: Preliminary unaudited figures for 2023 and a good start to the year in Q1 2024

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Wednesday, April 10, 2024

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Hamburg, 09/04/2024 – Varengold Bank AG (symbol: VG8) looks back on a turbulent year 2023.

Key Points:

Hamburg, 09/04/2024 – Varengold Bank AG (symbol: VG8) looks back on a turbulent year 2023.
The special audit is still ongoing, with two of the three audit items having been completed to date.
For the financial year 2023, the Bank reports preliminary and unaudited earnings before taxes (EBT) as a key performance indicator of EUR 25.8 million (preliminary EBT 2022: EUR 26.8 million).
As at 31 March 2024, the Bank reported a preliminary EBT of EUR 5.9 million.

EQS-News: Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage

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Thursday, June 22, 2023

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Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage

Key Points:

Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage
The issuer is solely responsible for the content of this announcement.
There is not yet a legally binding result of the audit, but Varengold Bank has immediately taken preventive measures in the affected business division to secure the Bank on its stable foundation.
The current situation was not foreseeable for Varengold Bank.
The other business units Marketplace Banking and the deposit business (call and fixed-term deposits) of Varengold Bank will continue as usual.

Despite indictment, Trump retains huge lead in Republican primary polls and narrowly leads Biden

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Wednesday, June 21, 2023

Despite the indictment, he retains a huge lead in national polling to determine the 2024 Republican presidential candidate.

Key Points:

Despite the indictment, he retains a huge lead in national polling to determine the 2024 Republican presidential candidate.
Polls of early states will become more important as we approach these contests, but for now national polls are the best guide we have.
In the FiveThirtyEight aggregate of national Republican primary polls, Trump currently leads with 53.1%, with Florida Governor Ron DeSantis far behind on 21.2% and nobody else over 6%.
Trump’s lead has only marginally declined from 53.5-20.8 over DeSantis in my last US politics article in late May.

Biden’s ratings have not improved since debt limit deal

In late May, President Joe Biden agreed to a debt limit deal with Republican House of Representatives Speaker Kevin McCarthy, and the deal was passed by both chambers of Congress by June 1.
Biden’s ratings in the FiveThirtyEight aggregate are currently 54.2% disapprove, 41.2% disapprove (net -12.9).
In my May US politics article before the debt limit deal was struck, his net approval was -10.4.
The failure of Biden’s ratings to improve after the debt limit deal suggests Republican rhetoric on the need for spending cuts in the lead-up to the debt crisis was effective, and that McCarthy could have pushed for deeper cuts than what occurred.
Bad news for Trump regarding the indictment (his national favourability ratings have fallen) may be compensated by Biden’s drop in approval ratings.

Boris Johnson resigns from UK parliament

Johnson knew he would be forced to a byelection, so he resigned preemptively.
As Sunak and Johnson are rivals, it’s very unlikely that Sunak will allow Johnson to return as a Conservative candidate.

Right and far-right are doing well in Europe

If this occurs, Spain will follow Italy last year as the second major European country to fall to the right.
In Germany, the centre-left Social Democrats formed a governing coalition with the Greens and pro-business Free Democrats after the September 2021 election.

McEwen Copper: Los Azules – Robust Assay Results

Retrieved on:

Thursday, January 26, 2023

TORONTO, Jan. 26, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 68%-owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today reports rich copper values over attractive widths resulting from infill drilling at its Los Azules project. Los Azules is a large porphyry copper-gold-silver deposit with considerable growth potential, where its ultimate depth and lateral extents remain to be determined.

Key Points:

Mineralization contained within this zone is on average associated with the highest copper grades at Los Azules.
Closer to the hole’s bottom, mineralization is hosted within rock known as diorite, which contains the majority of Primary zone sulphide-bearing mineralization at Los Azules.
Figure 7 - Section 45 - Drilling, Mineral Zones & 30-year PEA Pit (Looking North)
The Los Azules project is located in San Juan, Argentina.
In addition, the laboratory performs its own internal QAQC checks, with results made available on certificates for Company review.

DGAP-News: Varengold Bank AG explains necessary details on the published order of additional capital requirements by BaFin

Retrieved on:

Saturday, March 5, 2022

Varengold Bank welcomes and supports this action to promote transparency in the financial sector by the responsible supervisory authority.

Key Points:

Varengold Bank welcomes and supports this action to promote transparency in the financial sector by the responsible supervisory authority.
In order to provide the public and market participants with a complete picture beyond the current state of knowledge, Varengold Bank would like to supplement the previously published information regarding the capital measure with further details and a historical review.
As a result, there were five F3 findings (serious violations/impacts) in 2019 and a decision on additional capital requirements in the amount of 1.5%.
Varengold Bank is a German financial institution founded in 1995 and granted a full banking licence in 2013.