On Thursday, Express, Inc. (NYSE:EXPR)’s shares declined -3% to $16.80.
Express, Inc. (EXPR) declared that the Company will conduct a conference call to talk about first quarter fiscal 2015 results on Thursday, May 28, 2015 at 9:00 a.m. ET. Earlier that morning, the Company will issue a press release detailing those results. The conference call will be hosted by David Kornberg, President and Chief Executive Officer, Matthew Moellering, Executive Vice President and Chief Operating Officer, and Paul Dascoli, Senior Vice President and Chief Financial Officer.
Express, Inc. operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, counting work, casual, jeanswear, and going-out occasions.
Diamond Offshore Drilling Inc (NYSE:DO)’s shares dropped -2.87% to $33.47.
Loews Corporation is a diversified company with three publicly-traded auxiliaries: CNA Financial Corporation (CNA), Diamond Offshore Drilling Inc (DO) and Boardwalk Pipeline Partners, LP (BWP); and one wholly owned partner: Loews Hotels & Resorts. Loews Corporation (NYSE:L) declared recently the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable June 12, 2015 to shareholders of record on June 1, 2015.
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company provides services in floater market, such as ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up market. I
At the end of Thursday’s trade, Diamondback Energy Inc (NASDAQ:FANG)‘s shares dipped -2.80% to $77.20.
Diamondback Energy Inc (FANG) declared the launch of an underwritten public offering of 3,000,000 shares of its common stock, subject to market and other conditions. The underwriter will have an option to purchase up to an additional 450,000 shares of common stock from Diamondback. All of the shares to be sold in this offering will be sold by Diamondback. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
Diamondback intends to use the net proceeds from this offering to fund a portion of the purchase price for its formerly declared pending acquisitions of additional acreage in the Midland Basin, primarily in northwestern Howard County, in the Permian Basin (the “Pending Acquisitions”). To the extent one or more of the Pending Acquisitions is not consummated, or one or more of the purchase prices is reduced because Diamondback acquires less than all of the oil and natural gas assets subject to the applicable purchase agreement, Diamondback intends to use any remaining net proceeds to repay borrowings under its revolving credit facility, fund a portion of its exploration and development activities and for general corporate purposes, which may comprise leasehold interest and property acquisitions and working capital.
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations.
McEwen Mining Inc (NYSE:MUX), ended its Thursday’s trading session with -2.68% loss, and closed at $1.09.
McEwen Mining Inc (MUX) Stated earnings from mining operations were $17.2 million(2) with cash flow from operations of $5.6 million. Our gold equivalent production was 33,434 ounces at total cash costs and all-in sustaining costs of $674 and $948 per ounce(3) respectively.
McEwen Mining has a treasury of $17.3 million in cash, cash equivalents, precious metals and no bank debt.
Cash Flow
Q1 net cash flow generated from operations was $5.6 million contrast to net cash of $3.9 million used for operations in Q1 2014. Our El Gallo Mine contributed $22 million in gold and silver sales contrast to $10.7 million in Q1 2014. The higher cash flow was reflected by raised number of ounces sold during the quarter.
Production
Gold equivalent production in Q1 2015 totaled 33,434 ounces, which comprises 18,043 gold equivalent ounces attributable to us from our 49% interest in the San José Mine in Argentina, and 15,391 gold equivalent ounces from the El Gallo Mine in Mexico. Production raised year-over-year due to higher grades and better recoveries at the El Gallo Mine. Gold grades were 3.17 grams per tonne for Q1 contrast to 1.16 grams per tonne in Q1, 2014.
McEwen Mining Inc. explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It primarily explores for gold, silver, and copper.
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