On Wednesday, Coeur Mining Inc (NYSE:CDE)’s shares declined -0.52% to $5.76.
Coeur Mining, Inc (CDE) entered into an agreement for a new $100 million, five-year, senior secured term loan. Reflecting the net proceeds from this financing and simultaneous repayment of the existing $50 million bridge loan due March 2016, the Company’s pro forma cash, cash equivalents, and short-term investments as of March 31, 2015 total $225 million.
To further bolster liquidity, the Company has significantly enhanced Rochester’s 2016 operating plans and believes the existing leach pad has sufficient capacity to allow for the deferral of construction of the Stage V leach pad from 2016 to 2017 without materially affecting the mine’s long-term production schedules or unit costs, as summarized below:
- Stage V heap leach pad construction initially scheduled for 2016 has been deferred until 2017, postponing an estimated $26 million of the related capital expenditures;
- Overall expected capital spending for the Stage V heap leach pad has been reduced by $17 million by using existing conveyor and load-out equipment; and
- Higher grade tons originally expected to be mined in 2017 have been re-sequenced into 2016 to boost near-term production and cash flow
The net result of these enhancements is an approximately $80 million increase in Coeur’s 2016 expected free cash flow offset by an estimated $70 million decrease in expected free cash flow in 2017. The charts below detail the Company’s revised three-year outlook for total production, costs, Adjusted EBITDA, and cash flow based on an assumed silver price of $17.50 per ounce and gold price of $1,225 per ounce, which were the metal prices reflected in the prior three-year outlook provided in February 2015.
Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. Its principal properties comprise the Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia; Kensington gold mine located in Alaska; the Rochester silver and gold mine in Nevada; and the Endeavor mine, an underground zinc, lead, and silver mine in Australia. The company also owns the La Preciosa and Joaquin silver and gold exploration projects in Mexico and Argentina; and other precious metal royalties. It markets silver and gold concentrates to third-party smelters and refineries in China and Japan.
DISH Network Corp (NASDAQ:DISH)’s shares dropped -1.87% to $69.34.
DISH Network Corp (DISH) added Caracol Internacional, the leading broadcast network in Colombia, to its programming lineup. The channel brings a variety of culturally-relevant news and entertainment to Colombians and other Latin Americans living in the U.S.
With the addition of Caracol Internacional, DishLATINO subscribers will have access to the most popular shows in Colombia, counting “Noticias Caracol (Caracol News),” one of the top news programs in the country, “Sábados Felices (Happy Saturdays),” a variety show that has aired for over 40 years, and “Desafío (Challenge),” a reality show in its 12th season. The network also airs a variety of telenovelas and television series produced in Colombia.
Caracol Internacional will be accessible on DishLATINO’s Plus, Dos and Max packages in addition to the Latino Bonus Pack, a service that supplements DISH’s English-language packages with top Spanish-language programming. Viewers will be able to find Caracol Internacional on channel 842.
DISH Network Corporation, through its auxiliaries, provides pay TV services in the United States. The company operates through two segments, DISH and Wireless. The company provides video services under the DISH brand. It also offers programming packages that comprise regional and specialty sports channels, premium movie channels, and Latino and international programming through national broadcast networks, local broadcast networks, and national and regional cable networks; and receiver systems.
At the end of Wednesday’s trade, Silver Bull Resources Inc (NYSEMKT:SVBL)‘s shares dipped -5.26% to $0.0900.
Silver Bull Resources, Inc. SVBL) declared it has identified additional high grade massive sulphide mineralization at its Sierra Mojada Project in Coahuila, Northern Mexico.
Highlights from the new sulphide mineralization include;
Three channel samples grading: Sample 26708 @ 268g/t silver, 19% lead, 19.65% zinc, Sample 26709 @ 690g/t silver, 1% copper, 4.8% lead, 15.25% zinc, and sample 26710 @ 505g/t silver, 3.17% lead, 35.2% zinc.
The new sulphide mineralization lies within a 1.4 kilometer long east-west trending “chargeability high” identified through a gradient “Induced Polarization” (IP) survey. This east-west trend also hosts Silver Bull’s only significant sulphide drill hole intercept of 8.45m @ 57g/t silver, 5.45% lead, 16.98% Zinc.
The chargeability anomaly remains open towards the east and west.
The new massive sulphide mineralization is accessible via existing historical underground workings.
Silver Bull Resources, Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties. It primarily explores for silver, zinc, lead, gold, manganese, and other metals. The company’s principal project is the Sierra Mojada property, which comprises 31 concessions comprising of 20,946 hectares located in Coahuila, Mexico. The company was formerly known as Metalline Mining Company and changed its name to Silver Bull Resources, Inc. in April 2011. Silver Bull Resources, Inc. was founded in 1993 and is based in Vancouver, Canada.
Golar LNG Limited (USA) (NASDAQ:GLNG), ended its Wednesday’s trading session with 0.24% gain, and closed at $50.85.
Golar LNG Ltd. (GLNG) declared the formation of a 50/50 joint venture with Stolt-Nielsen Limited to pursue opportunities in small-scale LNG production and distribution. Stolt-Nielsen has also made a strategic investment in Golar through open market purchases, representing an ownership stake of approximately 2.3%.
The joint venture between Golar and Stolt-Nielsen will draw upon the logistics and small-scale LNG assets controlled by Stolt-Nielsen and the ocean-based LNG midstream assets controlled by Golar to provide a fully integrated LNG logistics service to consumers of natural gas.
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
