On Wednesday, in the course of current trade, Shares of Newmont Mining Corp (NYSE:NEM), climbed 0.30%, and is now trading at $16.45.
Newmont Mining Corporation, has accomplished the acquisition of the Cripple Creek & Victor (“CC&V”) gold mine in Colorado from AngloGold Ashanti Ltd. for US$820 million, plus a 2.5 percent net smelter return royalty on potential future gold production from underground ore.
“CC&V is a value accretive acquisition that adds profitable production and free cash flow while improving our portfolio mine life and costs in a favorable jurisdiction,” said Gary Goldberg, President and Chief Executive Officer. “Compriseent with what we’ve achieved at our other operations, we believe we can lower CC&V’s direct mining costs by up to ten percent through mine plan optimization, and improve mill recoveries by up to two percent by applying proprietary technology. We look forward to welcoming CC&V’s team to Newmont.”
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The companys operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
During an Afternoon trade, Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), climbed 1.27%, and is now trading at $71.61.
Teva Pharmaceutical Industries Ltd., stated results for the quarter ended June 30, 2015.
“Teva’s second quarter solid performance was driven by important contributions from across our integrated portfolio of high-quality generic and specialty medicines,” stated Erez Vigodman, Teva’s President and CEO. “We continue to deliver on our promise to take bold steps forward, both organic and inorganic, to position Teva for sustainable, profitable growth, execute on our planned and operational initiatives, improve our profitability, strengthen our cash flow generation, and build the most competitive operating network in the industry.”
Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic, specialty, and other pharmaceutical products worldwide. The company operates in two segments, Generic Medicines and Specialty Medicines.
Finally, La Quinta Holdings Inc (NYSE:LQ), gained 0.67% Wednesday.
La Quinta Holdings, stated its second quarter results on a historical basis, in addition to the results of operations on a pro forma basis, giving effect to La Quinta’s initial public offering (IPO) in 2014 and the related transactions as described below.
Second Quarter 2015 Highlights contrast to Second Quarter 2014:
- Pro Forma Total Adjusted EBITDA raised 5.5 percent to $111.8 million, and Pro forma Adjusted EBITDA margin raised 30 basis points
- Pro Forma Adjusted Net Income raised 17.8 percent to $24.2 million; historical net loss was $(4.7) million
- Pro Forma Adjusted Earnings per Share raised by $0.03 to $0.19; historical loss per share was $(0.04)
- System-wide comparable RevPAR raised 4.0 percent, ADR raised 3.0 percent and occupancy raised 67 basis points
- Pro Forma Franchise and Administration Segment Adjusted EBITDA raised 6.4 percent to $30.1 million
- Opened 15 franchised hotels totaling over 1,300 rooms and raised franchise pipeline to 219 hotels, which comprises about 18,600 additional rooms, counting the addition of two locations in Manhattan
- Pro Forma Owned Hotels Segment Adjusted EBITDA raised 7.9 percent to $90.6 million
- Board of Directors approved moving forward with a $200 million share repurchase program once net debt to Pro Forma Adjusted EBITDA ratio falls below 4.0
- Voluntarily prepaid additional $70 million of long-term debt
La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. It serves the upper-midscale and midscale segments. As of May 7, 2015, the company had about 870 hotels with about 86,000 rooms under the La Quinta Inn & Suites, La Quinta Inn, and LQ Hotel brands in 47 states of the United States, in addition to in Canada, Mexico, and Honduras. The company was founded in 1968 and is headquartered in Irving, Texas.
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