On Friday, Gold Fields Limited (ADR) (NYSE:GFI)’s shares declined -0.65% to $3.08.
Gold Fields Limited (ADR) (GFI) said the U.S. Securities and Exchange Commission, which probed the producer’s sale of a stake in its South Deep mine under a South African program to expand black ownership, recommended no enforcement action be taken.
The SEC offered the notice under guidelines in a section of the Securities Act Release No. 5310, which states that the notice “must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff’s investigation,” the Johannesburg-based company said in a statement Monday.
In August 2010, Gold Fields agreed to issue 600,000 shares to a black-owned group and allowed it to buy 10 percent of South Deep, the world’s largest gold deposit after Grasberg in Indonesia. Local law requires mining companies to sell or cede 26 percent of their operations to black citizens. The SEC investigated the transaction in the U.S., where investors trade Gold Fields via American depositary receipts.
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.
Axalta Coating Systems Ltd(NYSE:AXTA)’s shares dropped -3.35% to $31.16.
Axalta Coating Systems Ltd. (AXTA) will host a conference call for its second quarter 2015 financial results at 8:00 a.m. EDT on Tuesday, August 4, 2015. Charles W. Shaver, Chairman and Chief Executive Officer, and Robert W. Bryant, Executive Vice President and Chief Financial Officer, will review the company’s financial performance for the period.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
At the end of Friday’s trade, Banro Corporation (USA) (NYSEMKT:BAA)‘s shares dipped -4.07% to $0.283.
Banro Corporation (BAA) declared its operating results for the second quarter of 2015.
Q2 OPERATIONAL HIGHLIGHTS
- Twangiza produced 34,325 ounces of gold in the second quarter of 2015, a 60% enhance over Q2 2014 (21,431 ounces in Q2 2014), for year-to-date production of 70,268 ounces of gold.
- Namoya achieved stacking levels greater than 140,000 tonnes in June as the mine continued its ramp-up to commercial production.
- For the second successive quarter, throughput at the Twangiza process plant achieved 101% of the 1.7 million tonnes per annum (“Mtpa”) annualized design capacity.
- This throughput achievement at Twangiza comprises processing an average of 43% non-oxide material at an overall average process recovery of 82.2%.
Banro Corporation, together with its auxiliaries, engages in the exploration, development, and production of mineral properties. It primarily explores for gold. The company holds a 100% interest in 4 gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.
Citizens Financial Group Inc (NYSE:CFG), ended its Friday’s trading session with -0.71% loss, and closed at $27.91.
Citizens Financial Group, Inc. (CFG) published the results of its company-run 2015 mid-cycle stress test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment focuses on retail customers and small businesses with traditional banking products and services, counting checking, savings, home loans, student loans, credit cards, business loans, and financial administration services.
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