On Monday, Kinross Gold Corporation (USA) (NYSE:KGC)’s shares declined -6.49% to $1.73.
Kinross Gold Corporation (KGC) declared that it has updated its 2015 full-year guidance for all-in sustaining cost, cost of sales, capital expenditures, production and overhead.
The positive adjustments are:
- All-in sustaining cost per gold equivalent ounce (Au eq. oz.) sold guidance loweredto $975-$1,025 from $1,000-$1,100.
- Cost of sales per Au eq. oz. guidance range loweredto $690-$730 from the previous guidance range of $720-$780.
- Capital expenditure guidance loweredto $650 million from $725 million.
- Production guidance range narrowed upwardto 2.5-2.6 million Au eq. oz. from the previous guidance range of 2.4-2.6 million Au eq. oz.
- Overhead (general and administrative, and business development expenses) predictable to be below guidance of $205 million. Kinross is also exploring additional opportunities to reduce overhead costs as part of a company-wide spending review, the results of which will be declared in the third quarter of 2015.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores.
E I Du Pont De Nemours And Co (NYSE:DD)’s shares gained 1.51% to $48.25.
DuPont Microcircuit Materials (DuPont) was granted the 2015 Solar Industry Award in the photovoltaic (PV) Materials category for its DuPont(TM) Solamet(R) PV19x series of PV metallization pastes, designed to assist boost the power output of solar panels, lower overall system costs and improve the return on investments in solar energy systems. The company accepted the award during a ceremony held at the European PV Solar Energy Conference in Hamburg, Germany, this week.
Now in their 5th year, the Solar Industry Awards, organized by leading PV trade publication International Solar, recognize the whole value chain and the people, products and services that are innovating manufacturing and product approaches that have the potential to change the way we live.
DuPont(TM) Solamet(R) PV19x series photovoltaic metallization pastes are tailored to optimize the efficiency with which solar cells convert sunlight into electricity. Solamet(R) PV19A, the first product in the PV19x series, is a front side silver paste based on DuPont’s proprietary technology. It enhances the power output of solar cells by assisting to enable fine line printing and minimize shading on the surface of the solar cells, while maintaining superior electrical conductivity. It also is designed to offer wider processing latitude during manufacturing, which means cost savings result from higher yields, and tighter cell distribution is shifted toward higher efficiency.
DuPont is actively developing variants of the new Solamet(R) PV19x series aimed at boosting solar cell efficiencies even further.
E.I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides. Its Electronics & Communications segment provides various materials and systems, counting photopolymers and electronic materials for photovoltaic products, consumer electronics, displays, and advanced printing.
At the end of Monday’s trade, Silver Wheaton Corp. (USA) (NYSE:SLW)‘s shares dipped -1.77% to $12.18.
Silver Wheaton Corp. (SLW) declares that it intends to make a normal course issuer bid to purchase up to 20,229,671 common shares of Silver Wheaton on the Toronto Stock Exchange and New York Stock Exchange.
The NCIB has been approved by the Company’s board of directors; however, it is subject to acceptance by the TSX and, if accepted, will be made in accordance with the applicable rules and policies of the TSX and the NYSE, and applicable Canadian and U.S. securities laws. Under the NCIB, Common Shares may be repurchased in open market transactions on the TSX, the NYSE, and/or other Canadian or United States exchanges, or by such other means as may be permitted by the TSX and/or the NYSE and applicable Canadian and U.S. securities laws. The price that Silver Wheaton will pay for Common Shares in open market transactions will be the market price at the time of purchase.
In accordance with TSX rules, any daily purchases (other than following a block purchase exception) on the TSX under the NCIB are limited to a maximum of 320,441 Common Shares, which represents 25% of the average daily trading volume on the TSX for the six months ended August 31, 2015. Daily purchases (other than following a block purchase exception) on the NYSE under the NCIB are limited to 25% of the average daily trading volume for the preceding four weeks. Any Common Shares that are purchased under the NCIB will be cancelled.
Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 18 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold regarding27 various mining assets.
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