On Friday, Shares of Great Panther Silver Ltd (NYSEMKT:GPL), dipped -33.29% to $0.32.
Great Panther Silver Ltd, declared that it has obtained a US$10,000,000 credit facility from Auramet International LLC. Great Panther has had a commercial relationship with Auramet for several years.
“Great Panther has a strong balance sheet with no debt and about $35 million (Canadian dollars) of net working capital. The Auramet facility provides the Company with greater financial flexibility and, in particular, more options with regard to the pricing and the timing of the pricing of our concentrate sales.” stated Robert Archer , President & CEO.
Great Panther Silver Limited, a silver mining and exploration company, engages in the mining of mineral properties in Mexico. The company explores for silver, gold, lead, and zinc. It primarily owns a 100% interest in the Topia Mine comprising of 53 contiguous concessions covering about 6,258 hectors in Durango State; and a 100% interest in the Guanajuato silver-gold mine covering 1,107 hectares situated in the Guanajuato Mining District.
Shares of Northern Trust Corporation (NASDAQ:NTRS), declined -0.18% to $77.56, during its last trading session.
Northern Trust, launched a new Statement of Recommended Practice (SORP) reporting solution to assist institutional clients navigate the new UK SORP reporting requirements.
The latest development is aimed to support UK and Irish pension schemes in adhering to new SORP guidelines, which are effective for accounting periods starting on or after 1 January 2015 and require schemes to make disclosures about investment risk and fair-values, counting changes to the way annuities are valued.
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset administration, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide.
At the end of Friday’s trade, Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC), gained 0.50% to $16.18.
Smith & Wesson Holding Corp, declared financial results for the fiscal fourth quarter and full fiscal year ended April 30, 2015.
Fourth Quarter Fiscal 2015 Financial Highlights
- Quarterly net sales were a record $181.0 million, an enhance of 6.2% from the fourth quarter last year. Firearm division net sales of $166.4 million reduced by 2.4% from the comparable quarter last year, which was more than offset by $14.6 million of net sales related to the company’s new accessories division, which was established in connection with the acquisition of Battenfeld Technologies, Inc. (BTI) on December 11, 2014.
- Quarterly GAAP income from ongoing operations was $21.9 million, or $0.40 per diluted share, contrast with $24.9 million, or $0.44 per diluted share, for the fourth quarter last year.
- Quarterly non-GAAP income from ongoing operations was $24.9 million, or $0.45 per diluted share, contrast with $26.5 million, or $0.47 per diluted share, for the fourth quarter last year.
- Quarterly non-GAAP Adjusted EBITDAS from ongoing operations was $50.8 million, or 28.1% of net sales.
Smith & Wesson Holding Corporation manufactures and sells firearm products in the United States and internationally. It offers firearms; handguns, counting revolvers and pistols; long guns, such as sporting, bolt action, and single shot rifles; hunting rifles; black powder firearms; handcuffs and restraints; and firearm-related products and accessories.
Finally, Canadian Solar Inc. (NASDAQ:CSIQ), ended its last trade with -2.68% loss, and close at $32.31.
Canadian Solar, declared that it has signed a financing agreement following which Deutsche Bank has agreed to provide C$71.6 Million (USD$58 Million) in non-recourse, short-term construction financing to Canadian Solar for the construction of two solar power projects in Ontario, Canada. The two power plants, both 10 MW AC each, have been awarded a 20-year power purchase contract by the Independent Electricity System Operator (IESO) under Ontario’s Feed-in-Tariff (FIT) Program.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “This is the fourth construction loan package that Canadian Solar has signed with Deutsche Bank, and we value and respect our long-standing relationship with this reputable financial institution. The addition of these two projects underscores not only our successful partnershipwith Deutsche Bank, but also our contribution to expanding the use of clean solar energy in Canada.”
Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy.
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