On Thursday, Coeur Mining Inc (NYSE:CDE)’s shares inclined 2.43% to $5.48.
Coeur Mining, Inc. (CDE) declared proven and probable reserves at the recently-attained Wharf gold mine in South Dakota of about 781,000 gold ounces. This represents a 39% enhance from the last stated reserve estimate at Wharf by Goldcorp from year-end 2013 of 560,000 ounces. The addition of these new reserves at Wharf results in a 35% enhance in Coeur’s total gold reserves to 3.0 million ounces.
In addition to these reserves, Wharf contains 165,000 gold ounces of measured and indicated resources, an enhance of 13% to Coeur’s total measured and indicated gold resource and 27% higher than the last stated resource estimates by Goldcorp at year-end 2013.
Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. Its principal properties comprise the Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia; Kensington gold mine located in Alaska; the Rochester silver and gold mine in Nevada; and the Endeavor mine, an underground zinc, lead, and silver mine in Australia. The company also owns the La Preciosa and Joaquin silver and gold exploration projects in Mexico and Argentina; and other precious metal royalties.
NRG Yield, Inc. Class C (NYSE:NYLD)’s shares gained 1.53% to $21.88.
NRG Yield, Inc. Class A (NYLD) declared that, in connection with its formerly declared offering of $250 million in aggregate principal amount of its 3.25% convertible senior notes due 2020 (the “Notes”), the underwriters of the offering have exercised in full their option to purchase an additional $37.5 million in aggregate principal amount of the Notes (the “Additional Notes”), bringing the total aggregate principal amount of Notes sold in the offering to $287.5 million.
The Additional Notes will be fully and unconditionally guaranteed on a senior basis by NRG Yield LLC and NRG Yield Operating LLC (“Yield Operating LLC”), the direct and indirect auxiliaries of the Company, respectively. NRG Yield will lend the net proceeds from this offering to Yield Operating LLC, and Yield Operating LLC intends to use a portion of the proceeds to repay outstanding indebtedness under the revolving credit facility and a portion of the project indebtedness associated with the Company’s Alta X and Alta XI wind facilities. Any remaining proceeds will be used for general corporate purposes, counting the acquisition of assets from NRG Energy, Inc. or other third parties, although NRG Yield does not presently have any agreements to do so in place.
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2014, it had 4 natural gas or dual-fired facilities, 4 thermal generation facilities, 11 utility-scale solar and wind generation facilities, and 2 portfolios of distributed solar facilities with a capacity of about 2,984 net megawatt (MW).
At the end of Thursday’s trade, Honeywell International Inc. (NYSE:HON)‘s shares dipped -0.28% to $102.52.
Honeywell’s (HON) declared its support of the U.S. Environmental Protection Agency decision to restrict the use of high-global-warming hydrofluorocarbons (HFCs) in a variety of applications counting refrigerants, aerosols and foam insulation blowing agents. These actions will drive adoption of materials with radically lower global warming potentials.
According to the EPA, the projected rule would eliminate an estimated 54 to 64 million metric tons of carbon dioxide equivalent from the atmosphere in 2025. This is the equivalent of removing the carbon dioxide emissions from the annual electricity use of more than 5.8 million homes.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
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