During Thursday’s Current trade, Shares of Enterprise Products Partners L.P. (NYSE:EPD), lost -1.33% to $28.12.
Enterprise Products Partners L.P. (EPD) declared its financial results for the three and six months ended June 30, 2015.
- Enterprise raised its cash distribution with respect to the second quarter of 2015 by 5.6 percent to $0.38 per unit contrast to the second quarter of 2014;
- Enterprise stated distributable cash flow of $988 million for the second quarter of 2015, which offered 1.3 times coverage of the $0.38 per unit cash distribution and resulted in $238 million of retained distributable cash flow; and
- Associates of privately held Enterprise Products Company (“EPCO”), which collectively own our general partner and about 34 percent of our outstanding limited partner interests, purchased $50 million of common units from Enterprise in May 2015 through the distribution reinvestment plan. Counting this purchase, EPCO associates have purchased $150 million of Enterprise common units in 2015.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
Shares of McEwen Mining Inc (NYSE:MUX), declined -2.33% to $0.928, during its current trading session.
McEwen Mining Inc. (MUX) report our financial and operating results for the three months ended June 30th, 2015(1). The Company had record quarterly production of 39,164 gold equivalent ounces and stated cash flow from operations of about $6 million or $0.02 per share. The El Gallo Mine in Mexico was the key performer in the quarter, producing at a cash costs and all-in sustaining costs (AISC) per gold equivalent ounce of $351 and $546, respectively.
Operating and Financial Highlights
Production Costs
Total cash costs, all-in sustaining costs (AISC) and all-in costs per gold equivalent ounce sold for Q2 2015 on a merged basis were $713, $1,048 and $1,151 per ounce, respectively. Total cash costs and AISC at our El Gallo Mine totaled $351 and $546 per gold equivalent ounce respectively. Total cash costs and AISC at the San José Mine were $933 and $1,215 per gold equivalent ounce, respectively. The year over year decrease in total cash costs per gold equivalent ounce sold is due to higher average gold grade mined and processed at the El Gallo Mine and improved processing efficiencies.
McEwen Mining Inc. explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It primarily explores for gold, silver, and copper. The company’s principal assets comprise of a 49% interest in the San José Mine in Santa Cruz, Argentina; the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina.
Honeywell International Inc. (NYSE:HON), during its Thursday’s current trading session decreased -0.77% to $104.73.
Gabelli & Company will host its 21st Annual Aircraft Supplier Conference on September 9 in New York City. This research meeting will feature presentations by senior administration of several leading aerospace and defense companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. Institutional investors should contact their sales representative to register.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
Finally, Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), decreased -0.31%, to $6.50.
Silver Standard Resources Inc. (SSRI) reports merged financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights:
- Generated strong operating cash flow:Cash flows from operating activities of $21.9 million.
- Raised cash balance:$217.2 million in cash and cash equivalents, an enhance of $41.6 million quarter-on-quarter due to strong production and the receipt of the deferred consideration from the sale of the San Agustin project.
- Delivered strong production results:Produced 48,685 ounces of gold and 2.4 million ounces of silver for silver equivalent production of 6.0 million ounces.
- Continued trend of lower gold cash costs:Stated $717 per payable ounce of gold sold at the Marigold mine.
- Achieved lower silver cash costs:Stated $9.45 per payable ounce of silver sold at the Pirquitas mine, ongoing our trend of lower cash costs.
- Continued exploration success at Marigold:Mineral development drilling continues to extend higher grade mineralization at the 8 South pit area and identified a new mineralized structure.
Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal mineral properties in the Americas. The company primarily explores for silver, gold, zinc, and lead deposits. Its principal projects comprise the Pirquitas mine compriseing of 50 semi-contiguous mineral exploration concessions covering a total area of 3,621 hectares located in the Puna de Jujeña region of northwestern Argentina in the province of Jujuy; and Marigold mine comprising about 19,560 acres situated in southeastern Humboldt County, Nevada.
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