On Thursday, Gastar Exploration Inc (NYSEMKT:GST)’s shares inclined 0.65% to $1.54.
Gastar Exploration Inc. (GST) declared that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock (“Series A Preferred Stock”) and its 10.75% Series B Preferred Stock (“Series B Preferred Stock”) for September 2015.
The dividend on the Series A Preferred Stock is payable on September 30, 2015 to holders of record at the close of business on September 15, 2015. The September 2015 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. The Series A Preferred Stock is presently listed on the NYSE MKT and trades under the ticker symbol “GST.PRA.”
Gastar Exploration Inc., an independent energy company, engages in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities comprise the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays.
Tahoe Resources Inc (NYSE:TAHO)’s shares gained 0.76% to $8.00.
Tahoe Resources Inc. (TAHO) is happy to declare recently financial results for the quarter ending June 30, 2015 and to provide a production update for operations in Guatemala and Peru.
Highlights for the second quarter of 2015 comprise (all amounts in U.S. dollars unless otherwise stated):
- Silver production from Escobal was 4.5 million ounces (moz) for the quarter, and 9.1 moz for the first half of 2015.
- Gold production from La Arena was 60,282 ounces for the quarter.
- Total revenue of $133.8 million generated from metal sales at operating costs of $114.1 million resulted in mine operating earnings of $19.7 million.
- Net loss for the quarter amounted to $9.3 million or a loss of $0.04 per share. Not taking into account $27.4 million in non-recurring charges incurred as a result of the acquisition of Rio Alto and other adjustments, earnings would be $18.1 million or $0.08 per share.
- Operating cash flow before changes in working capital was $28.0 million or $0.12 per share.
- Sales comprised of 3.8 moz of silver, 61,734 ounces of gold, 1,602 tonnes of lead and 2,507 tonnes of zinc.
Tahoe Resources Inc., together with its auxiliaries, explores for and produces precious metals in the Americas. The company primarily produces silver, in addition to gold, lead, and zinc. Its principal project is the Escobal project located in Southeast Guatemala. The company was formerly known as CKM Resources Inc. and changed its name to Tahoe Resources Inc. in January 2010. Tahoe Resources Inc. was incorporated in 2009 and is headquartered in Reno, Nevada. At the end of Thursday’s trade, Plum Creek Timber Co. Inc. (NYSE:PCL)‘s shares dipped -0.10% to $38.35.
Plum Creek Timber Company, Inc. (PCL) declared that David Lambert, senior vice president and chief financial officer, will speak at the RBC Capital Markets Global Industrials Conference in Las Vegas, NV on September 9, 2015, at about 8:35 a.m. Pacific time.
Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products comprise lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The trust also focuses on mineral extraction and natural gas production, communication, and transportation. Plum Creek Timber Company was founded in 1989 and is based in Seattle, Washington. The Timber Company operates independently of Georgia-Pacific LLC as of December 16, 1997.
Mechel OAO (ADR) (NYSE:MTL), ended its Thursday’s trading session with 1.75% gain, and closed at $1.16.
Mechel OAO (MTLR.ME) (MTL), one of the leading Russian mining and metals companies, reports signing a three-year agreement for coal supplies with Japan’s JFE Steel Corporation, a major Asian steel mill.
The agreement will be in force until August 2018.
According to the agreement, Mechel will annually supply JFE Steel up to 1 million tonnes of metallurgical coals, mostly coking coal concentrate produced by Yakutugol Holding Company OAO, in addition to coking coal concentrate produced at the Elga coal deposit. The price will be determined based on the market situation.
Apart from JFE Steel, Mechel supplies coal to several other leading Japanese steelmaking corporations. JFE Steel has been a client of Neryungri coal producers since 1985 and has proved to be Mechel’s longstanding and reliable partner. In 2013 JFE Steel Corporation was the first to acquire the trial export batch of the Elga deposit’s coking coal concentrate. After a series of industrial tests, our partner gave a highly appreciative opinion of Elga products’ quality and voiced their interest in long-term ties.
Mechel OAO, together with its auxiliaries, engages in mining and steel businesses in the Russian Federation, the Commonwealth of Independent States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Mining, Steel, and Power. The Mining segment produces and sells metallurgical and steam coal, coke, iron ore, and limestone, in addition to chemical products, such as coal tar, naphthalene, and other compounds.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
