During Friday’s Morning trade, Shares of Rubicon Minerals Corp. (USA) (NYSEMKT:RBY), gained 4.88% to $0.170.
Rubicon Minerals Corporation declared that it has filed its third quarter financial statements for the period ended September 30, 2015.
Change in Accounting Policy on Exploration and Evaluation Expenditures
In conjunction with the raised geological complexity of the F2 Gold Deposit, as determined in the trial stoping period (see Rubicon new release dated November 3, 2015), during the period ended September 30, 2015 the Company adopted a voluntary change in accounting policy on exploration and evaluation (“E&E”) expenditures. The Company’s new policy on accounting for E&E expenditures is to expense these costs until such time as the technical feasibility and commercial viability has been established that supports the future development of the Phoenix Gold Project, and such development receives appropriate board approvals. The change in accounting policy has been applied retrospectively to all of the Company’s exploration activities for all properties. See “Changes in Accounting Policies” in the administration negotiation and analysis for the third quarter ended September 30, 2015. The change in accounting policy does not impact the importance, scope or nature of the Company’s ongoing E&E activities.
Rubicon Minerals Corporation engages in the acquisition, exploration, and development of gold properties in Canada and the United States. It primarily holds a 100% interest in Phoenix Gold project comprising of 16 patented mining claims, 25 licenses of occupation, 1 mineral lease, and 1 unpatented mining claim located in Bateman Township, Municipality of Red Lake, Ontario. The company was founded in 1996 and is headquartered in Toronto, Canada.
Shares of Callon Petroleum Company (NYSE:CPE), inclined 2.39% to $9.00, during its current trading session.
Callon Petroleum Company, declared that it has commenced, subject to market and other conditions, an underwritten public offering of 10,000,000 shares of its common stock. The underwriters will have an option to purchase up to an additional 1,500,000 shares of common stock from the Company. Proceeds from the offering are predictable to be used to repay amounts outstanding under Callon’s credit facility, which were used in part to finance recent acquisitions, with any remainder being used for general corporate purposes, which may comprise future acquisitions.
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas. The company was founded in 1950 and is headquartered in Natchez, Mississippi.
Finally, Shares of Real Industry Inc (NASDAQ:RELY), gained1.91%, and is now trading at $9.09.
Real Industry, stated financial results for its third quarter ended September 30, 2015.
Third Quarter 2015 Highlights
- Segment Adjusted EBITDA of $22.8 million on $338.6 million in revenues
- Operating profit improved by $4.6 million over second quarter 2015
- Basic and diluted earnings per share of $0.02
Real Industry, Inc., a North America-based holding company, focuses on investing in businesses concentrated primarily in the United States industrial and commercial marketplace. The company, through its interest in Real Alloy, operates as a third-party aluminum recycling, which comprises the processing of scrap aluminum and by-products, and the manufacture of wrought, cast, and specification or foundry alloys.