EnviroGold Global Showcases Resilience to U.S. Tariffs and Leverages Stronger U.S. Dollar to Boost GrowthApril 08, 2025 at 07:00 AM EDT
TORONTO, April 08, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold” or the “Company”), a clean technology company that recovers valuable resources from mine waste while reducing environmental impact, announced today that it remains well-insulated from current U.S. government tariffs and is experiencing financial benefits associated with the recent appreciation of the U.S. dollar. With operations primarily costed in Australian dollars and revenues largely generated in U.S. dollars through technology licenses and service agreements, EnviroGold benefits from a built-in currency hedge. This structure reduces exposure to trade disruptions and supports stable cash flow from tariff shifts. David Cam, CEO of EnviroGold, commented: “A stronger U.S. dollar directly benefits our business by enhancing the value of our revenue streams when converted into Australian or Canadian dollars. This contributes positively to our margins and cash position, giving us more flexibility to reinvest in growth and deliver value to shareholders.” With a global footprint and a financial model built for resilience, EnviroGold believes it is well-positioned to capitalize on favourable currency trends and maintain momentum amid ongoing global trade tensions. About EnviroGold Global CONTACTS: Investor Cubed Forward-Looking Statements Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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