On Thursday, Shares of Yamana Gold Inc. (USA) (NYSE:AUY), lost -6.78% to $1.86.
Yamana Gold Inc., is herein reporting its financial and operating results for the second quarter 2015, with some highlights offered as follows.
- Total gold production of 298,818 ounces representing a 7% enhance in gold production from ongoing operations contrast to the second quarter of 2014; counting
- 9% enhance in gold production at core operations(1) contrast to the second quarter of 2014.
- Total gold production of about 604,000 ounces to mid-year.
- By-product all-in sustaining costs (“AISC”)(2,3) of $896 per ounce of gold; counting
- $763 per ounce of gold at core operations.
- Production of 2.4 million ounces of silver at by-product AISC(2,3) of $10.72 per ounce.
- Total silver production of about 4.9 million ounces to mid-year.
- 6 million pounds of copper production at cash costs(2) of $1.39 per pound, representing a 21% decrease in cash costs contrast to the second quarter of 2014.
- Total copper production of about 60.5 million pounds to mid-year.
- Cash flows(2,4,5) from ongoing operations before changes in non-cash working capital of $149.3 million or $0.16 per share; representing
- 56% enhance contrast to the first quarter of 2015; and
- $0.33 of operating cash flows before changes in non-cash working capital per dollar of revenue generated in the second quarter, an enhance of 57% from the first quarter of 2015.
- Cash flows from ongoing operations after changes in non-cash working capital(5) for the second quarter of $123.4million or $0.13 per share.
- A $4.6 million or 13% decrease in general and administrative expense contrast to the second quarter of 2014.
- Adjusted loss from ongoing operations(2) of $8.3 million or $0.01 per share; and
- Net loss from ongoing operations of $7.0 million or $0.01 per basic share.
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 Suncor Energy Inc. (USA)(NYSE:SU), inclined 6.00% to $28.28, during its last trading session.
Suncor Energy reports second quarter 2015 results.
“Suncor generated strong cash flows in excess of $2.1 billion during the second quarter of 2015, more than enough to fund our capital requirements and our dividend,” said Steve Williams, president and chief executive officer. “As a result, we are returning more value to shareholders by increasing our dividend and renewing our share buyback program.”
- Cash flow from operations of $2.155 billion ($1.49 per common share) as compared to $2.406 billion ($1.64 per common share) in the preceding year quarter, despite a decrease in crude oil benchmarks of over 40%.
- Operating earnings of $906 million ($0.63 per common share) and net earnings of $729 million ($0.50 per common share).
- Solid refinery utilization and a favourable downstream business environment resulted in Refining and Marketing operating earnings of $631 million.
- Production from Oil Sands operations raised by 45,000 barrels per day (bbls/d) from the preceding year quarter, to 423,800 bbls/d, despite planned maintenance at Firebag. The enhance, combined with lower natural gas prices and a continued focus on cost reduction initiatives, resulted in a further decrease in cash operating costs per barrel to $28.00 for the quarter.
- The company’s 2015 capital expenditures outlook has been reduced by $400 million to $5.8 - $6.4 billion as a result of Suncor’s continued focus on capital discipline and cost reduction initiatives.
- Suncor’s Board of Directors has approved an enhance to the company’s dividend to $0.29 per common share, and the renewal of the share repurchase program, demonstrating the company’s ability to generate cash flows and return value to shareholders.
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products.
Finally, Hornbeck Offshore Services, Inc. (NYSE:HOS), ended its last trade with 5.39% gain, and closed at $18.59.
Hornbeck Offshore Services, declared results for the second quarter ended June 30, 2015. Following are highlights for this period and the Company’s future outlook:
- 2Q2015 diluted EPS was $0.53, an enhance of $0.11, or 26%, from the comparable 1Q2015 diluted EPS of $0.42
- 2Q2015 EBITDA was $66.3 million, an enhance of $4.6 million, or 7%, from the comparable 1Q2015 EBITDA of $61.7 million
- 2Q2015 operating margin was 29%, up from the comparable 1Q2015 operating margin of 25%
- 2Q2015 avg new gen OSV dayrates were $28,178, up $1,500 from the sequential quarter and up $600 from the preceding-year quarter
- 2Q2015 utilization of the Company’s new gen OSV fleet was 56% contrast to 86% a year-ago and 65% sequentially
- 2Q2015 effective utilization of the Company’s active new gen OSVs was 80% contrast to 86% a year-ago and 77% sequentially
- First 17 HOSMAX vessels have been placed in-service with final seven newbuild deliveries predictable during 2H2015 and 2016
- The Company has stacked a total of 18 new generation OSVs, unchanged from its last quarterly report
- Forward line-item guidance updated to reflect actual 1H2015 results, latest market conditions and cost savings initiatives
- Cash opex and G&A savings due to proactive cost containment measures now approaching $90 million on an annualized basis
Hornbeck Offshore Services, Inc., through its auxiliaries, operates offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs) in the U.S. Gulf of Mexico, Latin America, and internationally.
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