On Tuesday, Shares of Applied Materials, Inc (NASDAQ:AMAT), lost -3.70% to $15.49.
Applied Materials, Inc, declared that Robert Halliday, Senior Vice President and CFO, will take part in a question-and-answer session at the Citi Global Technology Conference in New York City on Wednesday, September 9 starting at 8:45 a.m. ET.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
Shares of Goldcorp Inc. (USA) (NYSE:GG), declined -0.72% to $13.76, during its last trading session, as rising gold prices assist lift the stock.
Gold contracts for December delivery are up 0.57% to $1,139 an ounce on the Comex recently, reversing yesterday’s decline.
Prices for the yellow metal are rising as investors anticipate the Fed raising interest rates in the near future, according to the Wall Street Journal.
“Gold has been closely tracking changes in Fed policy expectations of late and we expect this influence on price action to continue up ahead,” said a UBS analyst, according to the Journal.
A rise in U.S. interest rates would potentially spur an improvement the value of the dollar, which would cause gold to fall as the commodity is priced in dollars.
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. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
Finally, Turquoise Hill Resources Ltd (NYSE:TRQ), ended its last trade with -3.02% loss, and closed at $2.89.
Turquoise Hill Resources, Turquoise Hill Resources declared that Oyu Tolgoi has filed revised plans for the 2015 Oyu Tolgoi Feasibility Study (OTFS 2015) with the Mongolian Minerals Council (MMC). The filing also aligned OTFS 2015 with the Oyu Tolgoi Underground Mine Development and Financing Plan (Underground Plan), which was signed in May 2015.
The MMC has already tentatively accepted OTFS 2015, originally filed in March 2015, pending a revision of plans and alignment with the Underground Plan. OTFS 2015 is based on the same feasibility study and aligns with the 2014 Oyu Tolgoi Technical Report, which was revealed in October 2014. An update to the capital estimate will be accomplished in parallel with other pre-start activities, ahead of final approval of the project by the Turquoise Hill, Rio Tinto and Oyu Tolgoi boards. The preferred engineering, procurement and construction administration (EPCM) contractor has been engaged to complete some critical path detailed engineering and the re-estimate.
Funding for pre-start activities has been approved, counting ramp up of the owners and EPCM team, re-estimate activities, detailed engineering and early procurement for plant, equipment and materials that are required for project restart in addition to necessary critical works that are key enablers for recommencement of lateral development mining activity. The funding covers work planned to take place before the official ‘notice to proceed’ is approved, which is predictable in early 2016. The intent of pre-start funding is to ensure the project is ramped back into production as soon as possible, while not making contract commitments ahead of concluding the full project approval. Lateral mining development is targeted to restart in mid-2016.
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. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012.
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