On Thursday, Gold Fields Limited (ADR) (NYSE:GFI)’s shares declined -3.25% to $3.27.
Gold Fields Limited (ADR) (GFI) is among final bidders competing to acquire a $400 million Australian mine from Barrick Gold Corp., people with knowledge of the matter said.
The Johannesburg-based producer and China’s Zijin Mining Group Co. presented final offers for the Cowal gold mine in New South Wales state, according to the people, who asked not to be identified as the details are private. They are competing with local suitors Evolution Mining Ltd. and Independence Group NL, which also presented binding bids, they said.
Barrick, the world’s biggest gold miner, said last month it has fielded interest for mines it’s seeking to divest in Australia, Papua New Guinea and Chile. The Toronto-based company plans to reduce net debt by at least $3 billion this year, partly by selling the assets and cutting staff at its head office.
Zijin Mining has also expressed interest in Barrick’s Porgera mine in Papua New Guinea, the people said. Representatives for Gold Fields, Independence Group and Evolution declined to comment, while spokesmen for Barrick and Zijin didn’t right away respond to calls and e-mails seeking comment.
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru. The company has total gold mineral reserves of about 48.1 million ounces and mineral resources of about 108.3 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.
Teekay Tankers Ltd. (NYSE:TNK)’s shares dropped -3.96% to $7.51.
Teekay Tankers Ltd. (TNK) declared recently that it has filed a prospectus supplement with the Securities and Exchange Commission (SEC) through which it may, from time to time, issue Class A common stock with an aggregate offering price of up to $80 million through Evercore Group L.L.C. as sales agent.
Sales of Class A common stock, if any, will be made by means of ordinary brokers’ transactions on the New York Stock Exchange, in block transactions, or as otherwise agreed to between Teekay Tankers and Evercore Group L.L.C.
Teekay Tankers is under no obligation to issue Class A common stock under the equity distribution agreement. The Company intends to use the net proceeds from sales under this program for general corporate purposes, which may comprise, among other things, repaying a portion of its outstanding indebtedness and funding future working capital requirements, capital expenditures or vessel acquisitions.
The Class A common stock will be offered following a prospectus supplement, dated June 4, 2015, to the Company’s base prospectus, dated June 19, 2014.
Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of December 31, 2014, it owned 27 double-hulled conventional oil tankers, time-chartered in 8 Aframax tankers, and 4 long range 2 product tankers from third parties; and owned a 50% interest in 1 very large crude carrier. The company was founded in 2007 and is headquartered in Hamilton, Bermuda.
At the end of Thursday’s trade, Ascena Retail Group Inc (NASDAQ:ASNA)‘s shares surged 0.16% to $15.84.
Ascena Retail Group Inc (ASNA) will be presenting at Piper Jaffray 35th Annual Consumer Conference at The New York Palace Hotel in New York, NY on Wednesday, June 10, 2015 at 9:05 am ET.
Ascena Retail Group, Inc., through its auxiliaries, operates as a specialty retailer of apparel for women, and tween girls and boys. It operates through five segments: Justice, Lane Bryant, maurices, dressbarn, and Catherines segments. The company offers apparel, accessories, footwear, intimates, wear-to-work, and casual sportswear; and lifestyle products, such as bedroom furnishings and electronics, in addition to social occasion apparel, career wear, dressy apparel, and active wear.
Goldman Sachs Group Inc (NYSE:GS), ended its Thursday’s trading session with 0.29% gain, and closed at $208.98.
Goldman Sachs Group Inc (GS) is in talks to pay $2 billion to $3 billion to settle a probe into its sales of mortgage bonds leading up to the financial crisis, according to a person with direct knowledge of the situation.
The investment bank could reach a deal with the U.S. Justice Department within weeks, the person said, asking not to be identified because the negotiations aren’t public.
The accord is part of a broader push by the government to hold more Wall Street firms to account for the 2008 crisis after authorities pressed the three biggest U.S. banks — JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. — to pay a total of more than $35 billion in cash and consumer relief. Morgan Stanley said in February it agreed to pay $2.6 billion to end probes into its creation and sale of mortgage-backed securities. The firm has yet to complete the deal.
Patrick Rodenbush, a Justice Department spokesman, and Tiffany Galvin at New York-based Goldman Sachs declined to comment on settlement talks.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment administration company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Administration.
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