On Friday, Molycorp Inc (NYSE:MCP)’s shares declined -5.97% to $0.565.
Molycorp Inc (MCP) declared financial and operating results for the first quarter of 2015.
FIRST QUARTER 2015 RESULTS
The Company stated merged net revenues of $106 million, an 8% decrease over the fourth quarter of 2014. The decrease in revenues was largely driven by a shifting product mix and softened pricing for rare earths, offset in part by raised volume.
During the first quarter of 2015, the Company sold 3,436 mt of product at an ASP of $30.97 per kilogram, generating a gross loss of $25 million. This compares to sales volumes of 3,149 mt at an ASP of $36.91 per kilogram and a gross loss of $45 million during the fourth quarter of 2014.
Molycorp stated a loss attributable to common stockholders of $102 million for the quarter, or $0.42 per share. An adjusted loss per share of $0.28 in the quarter does not reflect charges for impairment of inventory at Mountain Pass, out-of-ordinary business expenses, and certain other non-cash items.
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products.
Thompson Creek Metals Company Inc (USA) (NYSE:TC)’s shares dropped -6.14% to $1.07.
Thompson Creek Metals Company Inc (USA) (TC) declared the appointment of Kevin Drover to its Board of Directors, which was effective May 7, 2015.
Mr. Drover has over 40 years of experience in administration, operations, and project development with mining companies developing and producing mining operations located in Canada, the U.S., Latin America, and in other foreign jurisdictions. Mr. Drover has served as the President and Chief Executive Officer and a director of Aurcana Corporation (AUN.V), a Canadian silver mining company, since July 2014. He also presently serves on the board of directors of Benz Mining Corp. (BZ.V), a Canadian junior mining company. From November 2013 to March 2015, Mr. Drover served as Chief Executive Officer and a director of Oracle Mining Corp. (OMN.TO) (formerly, Gold Hawk Resources Inc.), a Canadian-based mining company that owns the Oracle Ridge copper mine in Arizona and formerly owned the Coricancha Mine in central Peru until it sold the asset to Nyrstar in 2009. From June 2006 to June 2011, he served as Chief Operating Officer and then Chief Executive Officer of Oracle Mining Corp. Formerly, Mr. Drover served as Chief Operating Officer of Glencairn Gold Corporation, where he was responsible for two gold mining operations in Latin America, and as Vice President of Operations at Kinross Gold Corporation (NYSE: KGC; TSX: K), where he was responsible for six operating mines worldwide.
Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of copper, gold and molybdenum products in the United States and Canada. It operates in three segments: Copper-Gold, US Operations Molybdenum, and Canadian Operations Molybdenum.
At the end of Friday’s trade, Companhia de Saneamento Basico (ADR) (NYSE:SBS)‘s shares dipped -5.3% to $5.89.
Companhia de Saneamento Basico (ADR) (SBS) declares its 1Q15 results.
In 1Q15, net operating revenue, counting construction revenue, reached R$ 2.5 billion; an 11.6% decrease contrast to 1Q14.
Costs and expenses, counting construction costs, totaled R$ 1.4 billion, down by 32.9% contrast to R$ 2.0 billion recorded in 1Q14. Not taking into account the R$ 696.3 million reimbursement from the Sao Paulo state government, costs and expenses raised R$ 25.8 million or 1.3%.
Adjusted EBIT, in the amount of R$ 1.1 billion, grew 46.1% from R$ 755.6 million recorded in the same quarter of the previous year.
Adjusted EBITDA, in the amount of R$ 1.4 billion, raised 33.6% from R$ 1.0 billion recorded in 1Q14.
The adjusted EBITDA margin was 55.0% in 1Q15, as compared to 36.4% in 1Q14. Not taking into account construction revenues and construction costs, the adjusted EBITDA margin was 71.6% in 1Q15 (44.5% in 1Q14).
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of Sao Paulo. The company operates through two segments, Water and Sewage.
The Fresh Market Inc (NASDAQ:TFM), ended its Friday’s trading session with -5.09% loss, and closed at $32.05.
The Fresh Market Inc (TFM) declared that it has accomplished its advertising agency review and selected Zimmerman, Omnicom’s retail growth machine, as its Agency of Record.
Zimmerman’s responsibilities will comprise planned planning, creative services, brand activation, media planning & buying (traditional and digital), internal campaign development and social media activation.
The Fresh Market’s unique value proposition offers consumers beautiful, well-merchandised stores and a curated assortment of the freshest, most delicious foods paired with friendly, knowledgeable employees in a welcoming atmosphere.
The Fresh Market, Inc. operates as a specialty grocery retailer in the United States. The company offers various food products that focus on perishable product categories, counting meat, seafood, produce, deli, bakery, floral, sushi, and prepared foods; and on non-perishable product categories, such as traditional grocery, frozen, and dairy products, in addition to bulk, coffee and candy, beer and wine, and health and beauty products.
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.
