On Monday, Shares of Kinross Gold Corporation (USA) (NYSE:KGC), gained 10.66% to $2.03.
In response to media inquiries, Kinross Gold Corporation (TSX:K.TO) (KGC) wishes to address the circumstances surrounding an ongoing regulatory review in relation to its West Africa mining operations.
In August 2013, Kinross received information regarding allegations of improper payments made to government officials and certain internal control deficiencies at its West Africa mining operations. Kinross takes such allegations very seriously and action was right away taken in accordance with Kinross’ Whistleblower Policy. External legal counsel was right away retained to conduct an objective internal investigation into the allegations.
In March and December 2014, and July 2015, Kinross received subpoenas from the United States Securities and Exchange Commission (the “SEC”) seeking information and documents on substantially the same subjects as had formerly been raised. In December 2014, Kinross received similar requests for information from the United States Department of Justice (the “DOJ”).
Kinross is fully cooperating with the SEC and DOJ and continues to diligently pursue its own internal investigation, which, over the course of the past 25 months, has not identified issues that Kinross believes would have a material adverse effect on the Company’s financial position or business operations. Our internal investigation is ongoing, and additional issues or facts could become known as the investigation continues.
Kinross Gold Corporation is a senior gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.
Shares of Calpine Corporation (NYSE:CPN), inclined 4.22% to $16.05, during its last trading session.
Calpine Corporation, closed the formerly declared acquisition of leading retail electric provider Champion Energy Marketing, LLC.
Champion Energy serves primarily commercial and industrial customers, in addition to about 115,000 residential customers, in 10 states that closely overlap and complement Calpine’s wholesale power generation presence in the Texas, Mid-Atlantic and Northeastern U.S. power markets. Champion Energy will remain headquartered in Houston and will continue to operate under the highly regarded Champion Energy brand, as exemplified by its top ranking in 2015 by J.D. Power for residential customer satisfaction in Texas for the fifth time, counting from 2010 to 2013.
Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others.
Finally, Lannett Company, Inc. (NYSE:LCI), ended its last trade with -1.33% loss, and closed at $43.75.
Shares of Lannett Company (NYSE:LCI) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the firm, Market Beat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $64.16.
Lannett Company, Inc. develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company’s products include Levothyroxine Sodium tablets, Digoxin tablets, Butalbital products, Ursodiol capsules and pain management products.
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