On Monday, in the course of current trade, Shares of Teck Resources Ltd (USA) (NYSE:TCK), dropped -5.88%, and is now trading at $8.17.
Teck Resources Limited, declared that Compañia Minera Teck Carmen de Andacollo (“CDA”) has reached a long-term gold offtake agreement with RGLD Gold AG (“RGLDAG”), a wholly owned partner of Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL). Teck has raised its cash position by US$162 million as a result of CDA entering into the offtake agreement and terminating a separate royalty agreement with Royal Gold Chile Limitada.
Under the terms of the offtake agreement, RGLDAG made an advance payment of US$525 million to CDA, which has agreed to sell and deliver, on a monthly basis, an amount of gold equal to 100% of the payable gold produced from the Carmen de Andacollo mine until 900,000 ounces have been delivered, and 50% thereafter. RGLDAG will also pay a cash price of 15% of the monthly average gold price at the time of each delivery. The offtake agreement applies to certain mining exploitation concessions presently owned by CDA, any mining concessions attained within an about 1.5 kilometre area of interest and certain other mining concessions that CDA may acquire.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
During an Afternoon trade, Shares of Dana Holding Corporation (NYSE:DAN), dipped -1.27%, and is now trading at $19.43.
Dana Holding Corporation, will release its 2015 second-quarter financial results on Thursday, July 23, 2015. A press release will be issued at about 7 a.m. EDT, followed by a conference call and webcast at 9 a.m. EDT. Members of the company’s senior administration team will be accessible at that time to talk about the results and answer related questions.
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific.
Shares of SanDisk Corporation (NASDAQ:SNDK), during its Monday’s current trading session gained 0.09%, and is now trading at $55.44.
SanDisk Corporation, expanded its mobile storage portfolio with a new wireless mobile flash drive, the SanDisk Connect Wireless Stick. This new drive enables easy sharing, transferring and accessing of photos and videos between mobile devices and computers. Building on its award-winning SanDisk Connect Wireless family, the SanDisk Connect Wireless Stick features a higher capacity, up to 128GB, a new app and cool, compact design – all at a great price.
The SanDisk Connect Wireless Stick now gives consumers even more freedom to save and access photos, videos and other files from their favorite Wi-Fi-enabled devices1. As consumers continue to embrace premium mobile features such as high-quality photo capture and Full HD video, SanDisk’s new wireless storage device is designed to meet their quickly growing storage needs, at an affordable price. The availability of up to 128GB of capacity allows users to effectively double their mobile storage for greater flexibility on the go.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
Finally, Target Corporation (NYSE:TGT), lost -0.31% Monday.
Target Corp., will make getting ready for back to school quick and easy for families this season. Guests preparing for a successful school year will find a new way to shop for school supplies for the first time online, easy-to-understand promotions and all the styles kids love.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
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