On Friday, Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ), gained 4.66% to $4.04.
Turquoise Hill Resources, declared the first quarter 2015 production for Oyu Tolgoi.
Concentrate production in Q1’15 reduced about 30% over Q4’14. Production was influenced by lower mill head grades in addition to a planned shutdown to reline both SAG mills and undertake modification and improvement work. The shutdown was accomplished on time and with no injuries.
Material mined in Q1’15 raised about 16% over Q4’14 mainly due to improvements driven by a range of productivity initiatives in the open pit partially offset by longer haul distances.
Head grades declined in Q1’15 as high-grade material from the open pit was largely processed in Q4’14. Open-pit development for 2015 is proceeding to plan with higher-grade material predictable to be processed by the concentrator starting in Q2’15. Concentrator milling rates raised through Q1’15 as improvements started to take effect, particularly in the pebble crushing circuit.
As formerly revealed, the Company anticipates production distribution to be relatively similar to 2014, with production levels significantly higher in the second half of 2015. Based on the current mine plan, Oyu Tolgoi is predictable to produce 175,000 to 195,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates in 2015.
Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia.
Shares of Voltari Corporation (NASDAQ:VLTC), surged 4.53% to $11.54, during its last trading session.
On Friday, Voltari Corporation continued to climb on reports that billionaire investor Carl Icahn raised his stake in the company.
On March 31, Icahn revealed that he attained 4 million additional shares of Voltari at an average price of $1.36 per share. He now owns a 52.3% stake, according to Reuters.
Since March 31, shares of Voltari have soared more than 1,272%.
Voltari Corporation, together with its auxiliaries, provides relevance-driven merchandising, digital marketing, and advertising solutions, primarily over smartphones and other mobile devices to brands, marketers, and advertising agencies. It also offers predictive analytics services.
At the end of Friday’s trade, Shares of Forum Energy Technologies, Inc. (NYSE:FET), jumped 4.48% to $23.08.
Forum Energy Technologies, declared first quarter 2015 revenue of $348 million, a decrease of $56 million, or 14%, from the first quarter 2014. Net income for the quarter was $29 million or $0.31 per diluted share contrast to $37 million or $0.38 per diluted share for the preceding year period. Not taking into account $0.01 per share of non-operational items, adjusted diluted earnings per share were $0.30 in the first quarter 2015. Non-operational items for the quarter comprised of a foreign exchange gain of $6.6 million and a restructuring charge of $4.9 million.
First Quarter Results by Segment
Drilling & Subsea
Drilling & Subsea segment revenue in the first quarter 2015 was $215 million, a decrease of $47 million, or 18%, from the first quarter 2014. The revenue decline was across all product lines in the segment. The decrease in the North America land rig count resulted in lower sales of drilling and downhole equipment and products. The Subsea product line had lower revenue due to lower offshore activity.
Production & Infrastructure
Production & Infrastructure segment revenue in the first quarter 2015 was $133 million, a decrease of $9 million, or 7%, from the first quarter 2014. The segment practiced weaker demand for surface production and separation systems and well stimulation consumable products as completion activity declined from the preceding year period. Partially offsetting the overall revenue decline was the addition of the J-Mac acquisition during the first quarter 2015.
Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates in two segments, Drilling & Subsea, and Production & Infrastructure.
Finally, Mattel, Inc. (NASDAQ:MAT), ended its last trade with 4.43% gain, and closed at $30.20.
Mattel, has launched the Magic 8 Ball App, inviting a new generation of players to experience the mystical powers of the iconic toy. Celebrating the 65th anniversary of the Magic 8 Ball, the app utilizes the same fun and unpredictable answers the beloved toy is known for while offering a wide range of new features designed specifically for Apple Watch, in addition to the iPhone.
Magic 8 Ball has been optimized for the highly anticipated Apple Watch and iPhone. App features comprise:
- Speak questions directly into your Apple Watch: Users can speak Yes or No questions directly into Apple Watch without the need for a keyboard.
- Shake or tap to reveal your answer: Users can simulate the experience of shaking their Magic 8 Ball to reveal the answer by tapping their Apple Watch or shaking their iPhone.
- Share your answers with friends and family on social media: Magic 8 Ball is known for its humorously improbable and eerily accurate answers. Users can share those especially appropriate or ironic questions and answers on social media at the push of a button.
- Daily Notifications: Out of questions? The app prompts users with notifications in the form of daily thought-provoking questions.
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl.
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