On Friday, Rubicon Minerals Corporation (NYSEMKT:RBY)’s shares surged 2.65% to $0.93, after Rubicon declare the conclusion of private financing underwritten it has formerly declared with 23,600,000 flow-through ordinary shares, which comprises total exercise of the option holders at a price of 1.28 CAD per Flow-Through Share for aggregate gross proceeds 30,208,000 CAD for the Company.
The Offering was conducted through a syndicate of underwriters co-led by BMO Capital Markets and TD Securities Inc. and counting GMP Securities LP, National Bank Financial Inc., Canaccord Genuity Corp., Mackie Research Capital Corporation, Desjardins Securities Inc. and PI Financial Corp.
The net proceeds from the Offering will be used to incur eligible exploration expenditures in Canada.
Rubicon Minerals Corporation engages in the attainment, exploration, and development of gold properties in Canada and the United States. It primarily holds a 100% interest in Phoenix Gold project compriseing of 16 patented mining claims, 25 licenses of occupation, 1 mineral lease, and 1 unpatented mining claim located in Bateman Township, Municipality of Red Lake, Ontario. The company was founded in 1996 and is headquartered in Toronto, Canada.
Endeavour Silver Corp. (NYSE:EXK)’s shares gained 2.60% to $1.97, during the last trading session on Friday, after a Canadian mineral company, posted strong silver and gold production results in the First Quarter, 2015 from the Company’s three operating silver mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State.
Silver production in the First Quarter, 2015 was ahead of plan for the year at 1,820,050 ounces (oz) and gold production was 15,808 oz, but both were lower contrast to the First Quarter, 2014. Silver equivalent production slipped 8% to 2.9 million oz using a 70:1 silver gold ratio.
Production Highlights for First Quarter, 2015 (Contrast to First Quarter, 2014)
- Silver production reduced 4% to 1,820,050 oz
- Gold production reduced 15% to 15,808 oz
- Silver equivalent production reduced 8% to 2.9 million oz (at a 70:1 silver: gold ratio)
- Silver oz sold up 21% to 1,861,975 oz
- Gold oz sold down 4% to 15,799 oz
- Bullion inventory at quarter-end comprised of 349,277 oz silver and 1,073 oz gold
- Concentrate inventory at quarter-end comprised of 65,677 oz silver and 933 oz gold.
Endeavour Silver Corp., a Canadian mineral company, engages in the evaluation, attainment, exploration, development, and exploitation of precious metal properties in Mexico and Chile. It produces silver-gold from its underground mines.
At the end of Friday’s trade, Isis Pharmaceuticals, Inc. (NASDAQ:ISIS)’s shares gained 2.56% to $65.70, after Isis Pharmaceuticals declared that administration will present a company overview at the following investor conferences:
- 14th Annual Needham Healthcare Conference on Wednesday, April 15, 2015 in New York, NY;
- 40th Annual Deutsche Bank Health Care Conference on Thursday, May 7, 2015 in Boston, MA;
- 2015 Bank of America Merrill Lynch Health Care Conference on Tuesday, May 12, 2015 in Las Vegas; and
- 2015 UBS Global Healthcare Conference on Tuesday, May 19, 2015 in New York, NY.
Isis Pharmaceuticals, Inc. engages in the discovery and development of antisense drugs using novel drug discovery platform. The company’s flagship product comprises the KYNAMRO injection, which is an apo-B synthesis inhibitor for patients with homozygous familial hypercholesterolemia; and for the reduction of low-density lipoprotein cholesterol.
Finally, SunEdison, Inc. (NYSE:SUNE), ended its Friday’s trading session with 2.50% gain, and closed at $26.69, hitting its highest level, as the world’s largest renewable energy developer, declared that it has signed contracts to construct and install three new utility-scale solar power plants in southern Utah with a total capacity of 262 megawatts DC.
PacifiCorp, an electric utility that serves 1.8 million residential, commercial, and industrial customers, will purchase the electricity through three 20-year power purchase contracts according to its obligation under the federal Public Utilities Regulatory Policies Act. The purchase contracts and the price of the electricity will be at the utility’s avoided cost of electricity, which reflects the utility’s costs to purchase or generate the power from other resources. The contract will be approved by the Utah Public Service Commission to ensure a fair price for PacifiCorp customers.
The three solar power plants are located in Iron County in southern Utah, and comprise the 63 megawatt DC Granite Mountain Solar West plant, the 100 megawatt DC Granite Mountain Solar East plant and the 99 megawatt DC Iron Springs Solar plant. Construction of the power plants is predictable to start in the fall of 2015 with commercial operations predictable in 2016.
SunEdison has made a major commitment to Utah, with more than 720 megawatts DC of solar energy in development and 306 megawatts AC of wind power operated in-state. SunEdison’s other solar projects in Utah comprise the 22.6 megawatt DC Seven Sisters, the 420 megawatt DC Four Brothers, and 22 megawatts DC of smaller projects. Together, these projects will create more than 800 local construction jobs for the people of Utah.
These projects are on the Call Right Projects List for TerraForm Power, Inc. (TERP), a global owner and operator of clean energy power plants. SunEdison anticipates offering these projects to TerraForm Power for investment upon completion. Operation and maintenance of the solar power plants will be performed by SunEdison Services, which provides global 24/7 asset administration, monitoring and reporting services.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market. It also manufactures polysilicon, silicon wafers, and solar modules.
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