On Friday, Barrick Gold Corporation (USA) (NYSE:ABX)’s shares inclined 4.10% to $7.23.
Waterton Global Resource Administration declared that auxiliaries of Waterton Precious Metals Fund II Cayman, LP have closed on the formerly declared purchase of Barrick Gold Corporation’s (ABX)(ABX.TO) (“Barrick”) 70 percent interest in the Spring Valley project and 100 percent of the Ruby Hill mine for a total of $110 million in cash.
“We are very excited to add Spring Valley and Ruby Hill into our growing portfolio of high quality, advanced stage development and production assets,” said Isser Elishis , CIO of Waterton Global.
Spring Valley is an open-pit, oxide heap leach gold project located 75 miles west of Cortez in Nevada . It offers a highly prospective land package with noteworthy exploration upside and potential. The property spans 11,022 gross acres on 618 contiguous unpatented lode and placer mining claims and 1,701 gross acres of fee lands.
The Ruby Hill mine is an open-pit, heap leach gold mine located on the Battle Mountain / Eureka gold trend. Since 2006, preceding to commencing the permitting of the next phases of mining, the Ruby Hill mine produced over 1.4 Moz of gold. The mine offers additional gold and base metal potential.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Charles Schwab Corp (NYSE:SCHW)’s shares dropped -3.94% to $31.90.
Charles Schwab Investment Administration, Inc. (CSIM) declared that there will be no capital gains distributions in 2015 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETFs™ family for the sixth successive year.
“Many investors are attracted to the tax efficiency that ETFs provide, so we’re proud that Schwab ETFs have been able to meet this demand with no distributed capital gains since the first Schwab ETFs launched in 2009,” said Jonathan de St. Paer, Senior Vice President, Product Administration, Charles Schwab Investment Administration. “At CSIM we seek to deliver tax efficiency and assist investors achieve their investment aims with simple, low-cost products that deliver value.”
For over 25 years, CSIM’s mission has been to make investing easier and less expensive for investors by building funds that serve as the foundation of an investor’s portfolio. As the seventh largest ETF provider with more than $39 billion in assets under administration (AUM)1, Schwab continues to serve as an industry leader for ETF investors.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Companhia Energetica Minas Gerais (ADR) (NYSE:CIG)‘s shares dipped -2.28% to $1.50. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) is now worth about $2.04 billion. The share price has made a -3.21% loss in the past 5 days and has lost -69.82% since 2015 kicked off. Analysts are forecasting EPS growth of 0.54% for next fiscal year and -7.10% growth in the next 5 years. The stock trades with a beta of 1.58. The stock price is below by -51.85% as contrast to the average price over the last 200 days. The company has 29.90% gross margins.
Companhia Energética de Minas Gerais S.A., through its auxiliaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil.
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