On Wednesday, Shares of WPX Energy Inc (NYSE:WPX), lost - 6.65% to $7.72.
WPX Energys, second-quarter 2015 results reflect 38 percent growth in oil volumes vs. a year ago as the company successfully executes on the transition of its historically gas-weighted portfolio to more oil production and more oil inventory.
Total liquids production hit a new high for the company, averaging 52,400 barrels per day in the second quarter. Oil and natural gas liquids (NGL) volumes accounted for 32 percent of the companys overall production and 57 percent of product revenues.
Second-quarter 2015 stated financial results reflect higher liquids production, a gain on the sale of transportation contracts in the Northeast and a 16 percent decrease in cash operating expenses, not taking into account exploration and DD&A expense, vs. a year ago.
These benefits were offset by a 42 percent decrease in product revenues from significantly lower commodity prices and a net loss on derivatives that reflect non-cash changes to the fair value of WPXs hedging positions.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
Shares of Agnico Eagle Mines Ltd (USA) (NYSE:AEM), inclined 7.08% to $26.33, during its last trading session.
Agnico Eagle Mines Limited provided an update on exploration drilling results at its Amaruq gold project in Nunavut, northern Canada. This rapidly growing deposit remains a focus for the Company given its economic potential, partly due to its close proximity to Agnico Eagle’s nearby Meadowbank mine and mill. This update comprises an expanded resource estimate for the Whale Tail deposit based on drilling through June 30, 2015. The Company last stated drill results from this project in its news release dated July 29, 2015. Highlights for the 2015 program comprise:
- Mineral resources expanded by 35% in the Whale tail deposit - Drilling in the first half of 2015 has resulted in an updated inferred resource estimate of 2.0 million ounces of gold (9.7 million tonnes grading 6.47 grams per tonne (g/t) gold) as of June 30, 2015, representing a 35% enhance in gold content contrast to the December 31, 2014 estimate
- Thick, high-grade ore shoot defined in Whale Tail deposit - An open-ended east-plunging high-grade ore shoot in the Whale Tail deposit has yielded intersections of 6.7 g/t gold (capped) over 32.3 metres at 284 metres depth (AMQ15-310), and 10.4 g/t gold (capped) over 21.9 metres at 311 metres depth (hole AMQ15-330)
- Gold mineralization encountered in gap between Mammoth Lake and Whale Tail deposit - Gold mineralization has been found in the gap between the Whale Tail deposit and the eastern part of Mammoth Lake, counting 10.8 g/t gold (capped) over 6.9 metres at 132 metres depth (hole AMQ15-351) and 9.3 g/t gold (capped) over 4.2 metres, also at 132 metres depth (hole AMQ15-302)
- Infill drilling yields multiple intercepts at open pit and underground depths - Successful infill and deep exploration drilling in the western part of the Whale Tail deposit confirms multiple high-grade lenses, such as in hole AMQ15-289 with 4.4 g/t gold (capped) over 7.7 metres at 107 metres depth, 10.6 g/t gold (capped) over 5.6 metres at 189 metres depth and 5.9 g/t gold (capped) over 45.0 metres at 253 metres depth counting 9.0 g/t gold (capped) over 13.0 metres at 273 metres depth
- New prospecting results - An intensive till sampling program is presently underway to cover about 2,000 hectares in the area surrounding the known discoveries. The program is confirming formerly identified boulder trends and identifying new target areas. Regional reconnaissance prospecting on the entire property has led to the discovery of several new gold-anomalous areas along the belt, outside of the Whale Tail - Mammoth area.
- Engineering studies and permitting progressing - Engineering and environmental baseline studies are underway to support the permitting process for Amaruq as a potential satellite open pit to the Meadowbank mine; The application to construct an all-weather access road between Meadowbank and the Amaruq site was filed in the first quarter of 2015
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, in addition to for silver, copper, zinc, and lead.
Finally, Veeva Systems Inc (NYSE:VEEV), ended its last trade with - 0.20% loss, and closed at $25.30.
Veeva Systems Inc., declared that it will release results for its fiscal second quarter ended July 31, 2015 after the market close on August 27, 2015. Veeva will host a conference call and webcast that day at 1:30 p.m. PT (4:30 p.m. ET) to talk about its financial results.
Veeva Systems Inc. provides cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America.
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