On Wednesday, McEwen Mining Inc (NYSE:MUX)’s shares dwindled -5.66%, and closed at $1.00, as the McEwen Mining Inc, maintains 2015 production guidance at our El Gallo Mine in Sinaloa, Mexico despite yesterday’s robbery.
Gold production in Q1 2015 was 15,243 ounces, which was 17% higher than guidance due to a 4% higher than predictable gold grade and better recoveries.
Production in Q2 2015 is predictable to be strong at 14,000 ounces of gold, despite the theft of 7,000 ounces. We appreciate the rapid response of the Sinaloa State and local police who continue to investigate with our full cooperation. We are also working with our insurance carrier and expect to recover the majority of the losses.
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 corporation’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.
PPG Industries, Inc. (NYSE:PPG), inclined 0.55%, and closed at $226.13, during the last trading session on Wednesday, as PPG Industries, declared that it has accomplished the attainment of REVOCOAT, a global supplier of sealants, adhesives and damper products for the automotive industry, from the AXSON Group. Financial terms were not revealed.
The addition of REVOCOAT to our automotive coatings business strengthens PPG’s global automotive adhesive and sealants product and technology offerings, enabling us to better serve our automotive customers around the world,” said Cindy Niekamp, PPG senior vice president, automotive original equipment manufacturer (OEM) coatings.
PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The corporation’s Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical administration services.
At the end of Wednesday’s trade, Matador Resources Co (NYSE:MTDR), dipped -5.31%, and closed at $25.31, as Matador Resources Corporation, an independent energy corporation engaged in the exploration, development, production and attainment of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus on its Eagle Ford operations in South Texas and its Permian Basin operations in Southeast New Mexico and West Texas, recently is happy to provide the following update of its ongoing operations.
Production Update
Matador achieved record quarterly production of about 2.1 million BOE for the first quarter of 2015. Production for the first quarter of 2015 was almost double the 1.1 million BOE produced in the first quarter of 2014 and up about 10% sequentially from 1.9 million BOE produced in the fourth quarter of 2014. First quarter 2015 production was ahead of the Corporation’s estimates by about 10% as a result of better-than-predictable performance from newly accomplished wells in both the Delaware Basin and the Eagle Ford shale, in addition to earlier completion dates on several Eagle Ford wells leading to less shut-in production during the first quarter.
Matador Resources Corporation, an independent energy corporation, engages in the exploration, development, production, and attainment of oil and natural gas resources in the United States.
Rice Energy Inc (NYSE:RICE), ended its Wednesday’s trading session with -5.30% loss, and closed at $21.08, as an independent natural gas and oil corporation , declared that, subject to market conditions, it intends to offer $400 million in aggregate principal amount of senior notes due 2023 in a private placement to eligible purchasers.
Rice Energy intends to use the net proceeds of the offering for general corporate purposes, counting capital expenditures. The securities to be offered have not been registered under the Securities Act of 1933 as amended, (the “Securities Act”), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except following an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes are predictable to be eligible for trading by qualified institutional buyers in the United States under Rule 144A and outside the United States following Regulation S.
Rice Energy Inc., an independent natural gas and oil corporation, engages in the attainment, exploration, and development of natural gas, oil, and natural gas liquid (NGL) properties in the Appalachian Basin.
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