On Monday, AngloGold Ashanti Limited (ADR) (NYSE:AU)’s shares inclined 7.68% to $6.73.
ngloGold Ashanti (AU) said it generated $71m of free cash flow in the second quarter with production and costs beating guidance on the back of another strong performance from its international mines and a recovery from its South African operations.
Production was 1.007Moz at a total cash cost of $718/oz* in the three months to June 30, 2015, contrast with 1.098Moz at a total cash cost of $833/oz in the second quarter of 2014. The result contrast with guidance of 960,000oz to 1Moz at $770/oz to $820/oz.
AngloGold Ashanti Limited operates as a gold mining and exploration company. It also produces silver, uranium oxide, copper, molybdenum, and sulphur. The company has 20 operations and exploration projects in South Africa, Continental Africa, Australasia, and the Americas. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
Centurylink Inc (NYSE:CTL)’s shares gained 0.53% to $28.42.
CenturyLink, Inc. (CTL) stated results for second quarter 2015.
Second Quarter 2015 Highlights
- Achieved core revenues of $4.02 billion in second quarter 2015; revenue from high-bandwidth data services offered to business customers, counting MPLS3, Ethernet and Wavelength, grew more than 10% year-over-year.
- Generated free cash flow of $562 million, not taking into account special items.
- Added about 8,400 CenturyLink®PrismTM TV customers during second quarter 2015, ending the period with about 258,000 customers.
- Ended the quarter with more than 6.1 million high-speed Internet customers, a decrease of about 9,200 customers in second quarter 2015 due to typical seasonality.
- Purchased and stepped down an additional 2.5 million shares of CenturyLink common stock for nearly $90 million during second quarter 2015.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer. The company offers broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of large amounts of data between sites; and multi-protocol label switching, a data networking technology to support real-time voice and video.
At the end of Monday’s trade, Range Resources Corp. (NYSE:RRC)‘s shares surged 0.14% to $36.55.
RANGE RESOURCES CORPORATION ( RRC) declared that it has redeemed all $500 million in outstanding principal of its 6.75% Senior Subordinated Notes due 2020 (CUSIP No. 75281AAL3) at a price of 103.375% of the unpaid principal amount plus accrued interest. The notes were redeemed on August 3, 2015 with borrowings under the Company’s bank credit facility.
Range had formerly funded the redemption at significantly lower cost through its offering in May 2015 of $750 million aggregate principal amount of senior notes due 2025 at par, which carry an interest rate of 4.875%. Pending redemption of the 6.75% senior subordinated notes, funds were used to temporarily reduce borrowings under the bank credit facility. With this transaction accomplished, Range has reduced its interest expense on the refinanced debt by 1.875%, which amounts to over $9 million annual savings, while extending the average maturity of its debt. Presently Range has a Moody’s corporate family rating of Ba1 with a positive outlook and a Standard & Poor’s corporate credit rating of BB+ with a stable outlook. Liquidity under the borrowing base of Range’s bank credit facility is about $2 billion after the redemption. The borrowing base is not planned for redetermination until May 1, 2016.
Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Midcontinent regions. The company owns 7,582 net producing wells and about 1.4 million net acres under lease in the Appalachian region; and 653 net producing wells and about 383,000 net acres under lease in the Midcontinent region.
PepsiCo, Inc. (NYSE:PEP), ended its Monday’s trading session with 0.63% gain, and closed at $99.86.
The Tostitos brand is one of the many brands that makes up Frito-Lay North America, the $14 billion convenient foods business unit of PepsiCo (PEP), Get ready, party people! This football season, Tostitos, the Official Chip and Dip of the NFL, is assisting NFL devotees bring the party all season long, dialing up the fun each Thursday night to Party Like a Pro.
The all-new Party Like a Pro promotion honors super fans who host the best game-watching parties and tailgates by delivering a variety of unique NFL experiences no other snack can. To take part, Tostitos brand loyalists can visit Tostitos.com starting August 17 and enter unique codes found on specially marked Tostitos products. The codes assist fans accumulate points to use towards bidding in online auctions featuring great items for party lovers and football fanatics alike.
PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips. The company’s Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, oat squares, and natural granola; and Aunt Jemima mixes and syrups, Quaker Chewy granola bars, Capn Crunch cereal, Life cereal, and Rice-A-Roni side dishes. Its Latin America Foods segment offers snack foods under the Doritos, Cheetos, Marias Gamesa, Ruffles, Emperador, Saladitas, Lay’s, Rosquinhas Mabel, Elma Chips, and Sabritas brands; and cereals and snacks under the Quaker brand.
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