On Tuesday, Shares of Transocean LTD (NYSE:RIG), gained 1.30% to $14.07.
Transocean Ltd., declared the plan for the payment of the second installment of its U.S. dollar-denominated dividend. The installment is $0.15 per share, totaling about $55 million based upon the number of presently outstanding shares. The installment represents the second of four quarterly installments totaling $0.60 per share, or about $218 million in the aggregate paid from additional paid-in capital (“APIC”), approved by shareholders at the company`s 2015 Annual General Meeting.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Shares of Physicians Realty Trust (NYSE:DOC), inclined 1.85% to $15.99, during its last trading session.
Physicians Realty Trust, declared results for the second quarter ended June 30, 2015.
Second Quarter Financial Results
Total revenues for the second quarter of 2015 were $29.7 million, an enhance of 159% contrast to the three months ended June 30, 2014.
Rental revenues for the three months ended June 30, 2015, were $23.6 million, an enhance of 131% from the same period in 2014, resulting from the expansion of the Company’s portfolio to 122 properties totaling 4,454,640 square feet. As of June 30, 2015, the portfolio was 94.6% leased. On a pro forma basis, if all of the 2015 second quarter acquisitions occurred on the first day of the second quarter, rental revenues would have raised by an additional $1.8 million, to a pro forma total of $31.5 million.
Total expenses for the second quarter of 2015 were $26.4 million, contrast to $12.1 million in the second quarter of 2014, or an enhance of 119%. The enhance in expenses was the result of a $6.6 million enhance in depreciation and amortization, a $5.1 million enhance in operating expenses, a $1.6 million enhance in general and administrative expenses, a $0.5 million enhance in interest expenses, and a $0.5 million enhance in acquisition related expenses. On a pro forma basis, if all of the 2015-second quarter acquisitions occurred on the first day of the second quarter, depreciation and amortization expense and operating expenses would have raised by an additional $0.9 million and $0.2 million, respectively.
Physicians Realty Trust, a self-managed healthcare real estate company, focuses on the acquisition, development, ownership, and administration of healthcare properties that are leased to physicians, hospitals, and healthcare delivery systems.
Finally, Tahoe Resources Inc (NYSE:TAHO), ended its last trade with -1.24% loss, and closed at $9.16.
Tahoe Resources Inc., declared financial results for the quarter ending June 30, 2015 and to provide a production update for operations in Guatemala and Peru .
Highlights for the second quarter of 2015 comprise:
- Silver production from Escobal was 4.5 million ounces (moz) for the quarter, and 9.1 moz for the first half of 2015.
- Gold production from La Arena was 60,282 ounces for the quarter.
- Total revenue of $133.8 million generated from metal sales at operating costs of $114.1 million resulted in mine operating earnings of $19.7 million .
- Net loss for the quarter amounted to $9.3 million or a loss of $0.04 per share. Not taking into account $27.4 million in non-recurring charges incurred as a result of the acquisition of Rio Alto and other adjustments, earnings would be $18.1 million or $0.08 per share.
- Operating cash flow before changes in working capital was $28.0 million or $0.12 per share.
- Sales compriseed of 3.8 moz of silver, 61,734 ounces of gold, 1,602 tonnes of lead and 2,507 tonnes of zinc.
- Total cash costs net of byproduct credits were $9.27 per silver ounce produced and $540 per gold ounce produced.
- All-in sustaining costs (AISC) net of byproduct credits were $12.87 per silver ounce produced and $664 per gold ounce produced.
- $13.6 million was returned to shareholders through monthly dividends during the quarter.
- Cash and equivalents at quarter-end were $112.2 million .
- The Company reconfirms its production guidance released April 13, 2015 .
The loss on the quarter can be attributed to several non-recurring costs associated with the acquisition of Rio Alto. Transaction costs amounted to $5.7 million or ($0.03) per share. The La Arena metal inventory of 36,735 ounces was marked to net realizable value upon acquisition, which resulted in additional costs of $9.6 million net of taxes or ($0.04) per share during the quarter. In addition, adjustments for Guatemala royalty accruals due to the enhance in royalties declared in 2014 amounted to a one-time adjustment of $7.2 million or ($0.03) per share.
Tahoe Resources Inc., together with its auxiliaries, explores for and produces precious metals in the Americas. The company primarily produces silver, in addition to gold, lead, and zinc. Its principal project is the Escobal project located in Southeast Guatemala.
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