On Thursday, Shares of Yamana Gold, Inc. (NYSE:AUY), lost -4.31% to $2.22.
BRIO GOLD INC. a partner of Yamana Gold Inc. is hereby announcing the modified process flow sheet and results from the recently accomplished metallurgical testwork at the C1 Santa Luz project (“C1 Santa Luz”), located in the Bahia State of Brazil. The results of the work to date have been incorporated into a Preliminary Economic Assessment Report (“PEA”) in accordance with National Instrument 43-101, which comprises an updated mine design and production plan based on a new mineral resource in connection with the current operating cost estimates and recovery parameters. The PEA is being accomplished by Roscoe Postle Associates Inc (“RPA”).
PEA Results Highlights
- After-tax net present value (“NPV”)(1) at a 5% discount rate of $199 million and an after-tax internal rate of return (“IRR”) of 56%, based on the open pit mineral resource only.
- Average annual gold production of about 100,000 ounces over a ten year mine life, for total open pit life of mine (“LOM”) gold production of 1.03 million ounces of gold.
- Total average LOM recoveries of 83.7%.
- Average LOM all-in sustaining costs(1,2,3) (“AISC”) of $898 per ounce.
- Initial plant capital cost(1) of $27.7 million, plus a $4.9 million contingency.
- Total initial capital cost(1), counting initial plant capital cost, of $47.9 million, counting tailings dam lifts and liner, and community related costs.
- Open pit indicated mineral resource of 28.2 million tonnes at an average grade of 1.61 grams per tonne (“g/t”) gold for a total of 1.46 million contained gold ounces and an open pit inferred mineral resource of 1.5 million tonnes at an average grade of 1.62 g/t gold for a total of 79,000 contained gold ounces.
- Underground indicated mineral resource of 2.0 million tonnes at an average grade of 2.25 g/t gold for a total of 144,000 contained gold ounces and an underground inferred mineral resource of 10.8 million tonnes at an average grade of 2.5 g/t gold for a total of 865,000 contained gold ounces.
Yamana Gold Inc. engages in gold mining and related activities, counting exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), inclined 2.89% to $23.82, during its last trading session.
Low-cost carrier JetBlue Airways Corp. JBLU witnessed a noteworthy improvement in air traffic in the month of July, this year. Traffic – measured in revenue passenger miles (RPMs) – came in at 3.99 billion, up 8.9% from 3.67 billion recorded a year ago.
On a year-over-year basis, merged capacity (or available seat miles/ASMs) raised 10.4% to 4.59 billion. However, the load factor or percentage of seats filled by passengers reduced to 87% from 88.3% in Jul 2014. The greater enhance in capacity contrast to traffic led to a decrease in load factor. Similarly, PRASM (passenger revenue per accessible seat mile) in the month inched up 1% from the last-year period.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, Tesoro Corporation (NYSE:TSO), ended its last trade with -4.54% loss, and closed at $104.41, hitting its highest level.
Tesoro Corporation stated second quarter 2015 net earnings of $582 million, or $4.59 per diluted share contrast to net earnings of $224 million, or $1.70 per diluted share for the second quarter of 2014. Net earnings from ongoing operations for the second quarter were $586 million or $4.62 per diluted share. Adjusted EBITDA for the second quarter 2015 was $1.2 billion contrast to $548 million last year.
For the second quarter 2015, the Company recorded segment-operating income of $1.1 billion contrast to segment operating income of $494 million in the second quarter of 2014. The enhance was largely driven by strong demand, continued growth in the logistics segment and business improvements.
The refining segment`s operating income was $753 million for the quarter, contrast to $358 million in the second quarter of 2014. Our refineries benefited from a substantially improved margin environment and lower operating expenses partially offset by turnarounds and maintenance activities.
Tesoro Corporation, through its auxiliaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail.
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