On Tuesday, New Gold Inc. (USA) (NYSEMKT:NGD)’s shares declined -4.66% to $3.07.
New Gold Inc. (USA) (NGD) declares its 2015 first quarter operational and financial results. The company produced 94,977 ounces of gold and generated net cash from operations before changes in working capital (1)of $67 million .
2015 FIRST QUARTER HIGHLIGHTS
- Gold production raised by 4% to 94,977 ounces when contrast to the preceding-year quarter
- Copper production of 23.0 million pounds
- Silver production of 0.4 million ounces
- All-in sustaining costs (2)of $1,014 per ounce, counting total cash costs (3)of $486 per ounce
- Adjusted net loss (4)of $5 million , or $0.01 per share
- March 31, 2015 cash balance of $366 million
- Received Federal and Provincial approval of Rainy River’s Environmental Assessment in January 2015
- Land clearing and other construction-related activities commenced in February 2015
- New Afton mill expansion presently being commissioned – ahead of plan and under budget at a total capital cost of about $35 million
New Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits.
Frontier Communications Corp (NASDAQ:FTR)’s shares dropped -2.67% to $4.92.
Frontier Communications Corp (FTR) declared that its Board of Directors has declared a regular quarterly cash dividend payment of $0.105 per share of common stock, payable on June 30, 2015 to holders of record of common stock at the close of business on May 28, 2015.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
At the end of Tuesday’s trade, Goldcorp Inc. (USA) (NYSE:GG)‘s shares dipped -4.58% to $17.49.
Goldcorp Inc. (USA) (GG) declared it has for the second successive time been named to the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index. This listing ranks Goldcorp as one of the top 100 companies in the world for its sustainability reporting and performance. Goldcorp was recognized for taking a leadership role in disclosing its carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, administration composition and community investing.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
B2Gold Corp (NYSEMKT:BTG), ended its Tuesday’s trading session with -4.55% loss, and closed at $1.68.
B2Gold Corp (BTG) declared it has secured a new $350 million Revolving Credit Facility. All dollar figures are in United States dollars unless otherwise indicated.
On May 20, 2015, the Company signed a credit agreement with a syndicate of international banks for a new Revolving Credit Facility (the “New RCF”) for an aggregate amount of $350 million. The New RCF also allows for an accordion feature whereby upon receipt of additional binding commitments, the facility may be raised to $450 million any time preceding to the maturity date. HSBC, as Sole Lead Arranger and Sole Bookrunner, will act as the Administrative Agent. The syndicate comprises The Bank of Nova Scotia, Société Générale and ING Bank N.V, as Mandated Lead Arrangers. Final closing of the facility and the availability of funds under it remains subject to completion of customary closing conditions and delivery of collateral.
The term for the New RCF will be four years, maturing on May 20, 2019, except that it shall become due on July 1, 2018 in the event that the Company’s 3.25% Convertible Senior Subordinated Notes initially due on October 1, 2018 remain outstanding or the maturity date of the Convertible Notes has not been extended to at least 90 days after May 20, 2019.
B2Gold Corp., a mid-tier gold mining company, explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Chile. The company principally explores for gold, silver, and copper. It primarily holds a 100% interest in the La Libertad mine, which comprises of an exploitation concession covering 10,950 hectares located in Nicaragua; a 95% interest in the Limon mine property that covers an area of 12,000 hectares located northwest of Managua; and has 95% interest in Limon gold mine located in northwestern Nicaragua.
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