On Wednesday, Golden Star Resources Ltd. (USA) (NYSEMKT:GSS)’s shares dwindled -8.70%, and closed at $0.231, as on March 26, 2015, the Golden Star revealed its Mineral Reserves and Mineral Resources as at December 31, 2014 . Total Proven and Probable Mineral Reserves at year end are estimated to be 1.9 million ounces primarily as a result of the removal of the high cost refractory material, in addition to:
- Removal of Prestea Underground Mineral Reserves pending completion of the Prestea Underground Feasibility Study on non-mechanized mining in mid-2015;
- A lower gold price assumption of $1,200 per ounce;
- the introduction of an underground mining concept at Wassa, which greatly accelerates access to high grade ore and thus improves the mine economics, but reduces overall reserve ounces; and
- 2014 mining depletion
Golden Star Resources Ltd. operates as a gold mining and exploration corporation. The corporation owns and operates the Wassa open-pit gold mine, the Wassa underground development project, and a carbon-in-leach processing plant located about 35 kilometers from the town of Bogoso in Ghana; and Bogoso gold mining and processing operation located near the town of Bogoso in Ghana.
Scorpio Bulkers Inc (NYSE:SALT), declined -8.04%, and closed at $2.06, during the last trading session on Wednesday, as Scorpio Bulkers Inc, declared that its Annual Report on Form 20-F for the year ended December 31, 2014 has been filed with the Securities and Exchange Commission and can be accessed on the Corporation’s website www.scorpiobulkers.com in the Investor Relations section under Financial Reports.
Scorpio Bulkers Inc., together with its auxiliaries, engages in the marine transportation of dry bulk commodities. Its fleet transports a range of major and minor bulk commodities, counting ores, coal, grains, and fertilizers along worldwide shipping routes.
At the end of Wednesday’s trade, American Eagle Energy Corp (NYSEMKT:AMZG), dipped -7.76%, and closed at $0.145, hitting new 52-week low of $0.12, as American Eagle Energy Corporation, declares that on April 2, 2015, the following events occurred in respect of the Notes that the Corporation sold in August 2014:
The Corporation reached a Forbearance Contract with four holders who collectively own or manage in excess of 50% of the August Notes;
The Corporation tendered the sum of $4.0 million as a partial interest payment to U.S. Bank National Association, as trustee under an Indenture, dated as of August 27, 2014, following which, among other things, the Corporation issued the August Notes to the holders thereof, some of whom are members of the Ad Hoc Group, which partial interest payment left the Corporation in default as to about $5.8 million of unpaid interest as of April 1, 2015, in addition to certain other fees, expenses and other amounts that are chargeable or otherwise reimbursable under the Indenture and the other related documents;
The Corporation received a letter from SunTrust Bank, as control agent, in respect of an August 27, 2015, Intercreditor Contract among SunTrust Bank, as First Lien Collateral Agent, U.S. Bank National Association, as the Second Lien Collateral Agent, and the Corporation, in which SunTrust Bank offered notice of its resignation as control agent under that Intercreditor Contract, which resignation is to become effective on May 1, 2015, unless SunTrust Bank is replaced in that role earlier; and
American Eagle Energy Corporation engages in the attainment, exploration, development, and production of oil and gas properties. It primarily holds interests in the oil deposits located within the Bakken and Three Forks formations in western North Dakota and eastern Montana.
EP Energy Corp (NYSE:EPE), ended its Wednesday’s trading session with -6.92% loss, and closed at $12.37, as EP Energy Corporation, declared that its wholly-owned partner EP Energy LLC has recently concluded the semi-annual borrowing base review of its reserve-based loan (RBL) credit facility and the lender group unanimously reaffirmed its current value of $2.75 billion. EP Energy LLC also extended the maturity date of the facility from May 2017 to May 2019, offered that the corporation’s 2018 and 2019 Secured Term Loans and Senior Secured Notes are stepped down or refinanced six months preceding to maturity. The RBL facility is supported by 27 financial institutions.
EP Energy Corporation, an independent exploration and production corporation, attains and develops unconventional onshore oil and natural gas properties in the United States.
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