On Tuesday, Goldman Sachs Group Inc (NYSE:GS)’s shares declined -0.32% to $209.11.
Goldman Sachs Group Inc (GS) declared that it will discontinue, effective right away, any further issuances of its GS Connect S&P GSCI Improved Commodity Total Return Strategy Index ETN due 2037 (GSC), part of its Medium-Term Notes, Series B (the “ETN”). The ETN holders’ option to require The Goldman Sachs Group, Inc. to repurchase the ETNs on a weekly redemption date (subject to the terms and conditions set forth in the prospectus, as amended or supplemented from time to time, regarding the ETN) will not be affected by this discontinuation of new issuances.
Investors should be aware that the discontinuation of additional issuance may cause an imbalance of supply and demand in the secondary market for the ETN, which may cause the ETN to trade at a premium or discount in relation to its intraday indicative value. Paying a premium purchase price over the intraday indicative value of the ETN could lead to a loss on the investment even if the index to which the ETN is linked enhances in value. In addition, if investors elect to redeem their ETN, any redemption would be at the redemption value and would not comprise any premium above that value.
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.
Analog Devices, Inc. (NASDAQ:ADI)’s shares dropped -0.39% to $65.69.
Analog Devices, Inc. (ADI) declared that it will report its fiscal 2015 third quarter results after market on Monday, June 29, 2015. The Company will host a conference call to talk about its results in more detail at 2:00 p.m. AZ time (5:00 p.m. ET) the same day.
Apollo Education Group, Inc. provides private education services. It offers online and on-campus undergraduate, graduate, professional development, and other non-degree educational programs and services primarily to working learners in the United States and internationally.
At the end of Tuesday’s trade, DISH Network Corp (NASDAQ:DISH)‘s shares dipped -0.84% to $73.02.
DISH Network Corp (DISH) is launching the “Sling Latino” brand, a live and on demand, over-the-top streaming service, giving Spanish-speaking and bilingual viewers more choice in TV content. Starting today, viewers can select from two base packages, “Paquete Total” (22 channels for $12 per month) or “Paquete Esencial” (16 channels for $7 per month), each with live and on-demand content ranging from sports and general entertainment to movies and family programming.
In addition to “Paquete Total” and “Paquete Esencial,” Sling Latino is launching with two packages featuring popular channels from Colombia and Spain (España). The variety offered by Sling Latino enables viewers to custom tailor their programming, counting the flexibility to combine Spanish-language services with Sling TV’s “Best of Live TV” English offering into one user experience.
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.
Eldorado Gold Corp (USA) (NYSE:EGO), ended its Tuesday’s trading session with -1.09% loss, and closed at $4.53.
Eldorado Gold Corp (USA) (EGO) declare the completion of the Feasibility Study (“FS” or the “Study”) with its’ partner, Deva Gold S.A., for the 80.5%-owned Certej project (“Certej” or the “Project”) in Romania. The Study was led by an internal team with technical support offered by various Canadian and Romanian consultants. The Certej project is located in the southern part of the Apuseni Mountains in central Romania, about 12 kilometres north-east of the regional town of Deva in Hunedoara County.
The Study’s highlights comprise:
- Generation of a post-tax internal rate of return (IRR) of 13% and a net present value (“NPV”) at a 5% discount rate of $229 million.
- An open pit strip ratio of 2.96:1, mining a total of 44 million tonnes (Mt) of ore over the life of mine.
- Estimated cash operating costs of $568/oz and all-in sustaining costs of $745/oz.
- Initial capital estimate of $449 million and sustaining capital estimate of $203 million (counting closure).
- Processing rate of ~8,000 tonnes per day (“tpd”) would produce an average of 140,000 oz Au and 830,000 oz Ag per year.
- Confirmation of Pressure Oxidation (POX) for mineral processing; regarded as Best Accessible Technology.
- Recoveries of 87.4% and 80% for gold and silver respectively.
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores.
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