On Tuesday, Cameco Corporation (USA) (NYSE:CCJ)’s shares inclined 2.98% to $15.54.
Cameco Corporation (USA) (CCJ) declared election of directors and the start of commercial production at the Cigar Lake operation at its annual general meeting.
Commercial production signals a transition in the accounting treatment for costs incurred at the mine. During May, Cameco met all of the criteria for commercial production, counting cycle time and process specifications. Therefore, effective May 1, 2015, all production costs, counting depreciation, will be charged to inventory and subsequently recognized in cost of sales as the product is sold as revealed in our first quarter administration talk aboution and analysis.
Mining at Cigar Lake began in March 2014, with the first packaged uranium concentrate accessible in October 2014. The operation remains on track to achieve in 2015 the annual production target of 6 million to 8 million packaged pounds (100% basis). Cameco anticipates Cigar Lake to ramp up to its full annual production rate of 18 million pounds (100% basis) by 2018 (Cameco’s share 9 million pounds). The mine employs more than 600 highly-skilled workers, with the majority being residents of Saskatchewan’s north.
Cameco Corporation produces and sells uranium worldwide. The company operates through Uranium, Fuel Services, and NUKEM segments. The Uranium segment is involved in the exploration for, mining, and milling of uranium concentrates. Its operating uranium properties comprise the McArthur River and Key Lake, Cigar Lake, and Rabbit Lake properties located in Saskatchewan, Canada; the Smith Ranch-Highland property located in Wyoming; the Crow Butte property located in Nebraska; and the Inkai property located in Kazakhstan.
Wi-LAN Inc - US listing (NASDAQ:WILN)’s shares gained 15.09% to $2.44.
Wi-LAN Inc - US listing (WILN) declared that Samsung Electronics Co., Ltd. (“Samsung”) and WiLAN’s wholly-owned partner, Polaris Innovations Limited (“Polaris”), have signed a multi-year license agreement related to the Qimonda patent portfolio attained by WiLAN from Infineon Technologies AG (“Infineon”).
The Qimonda portfolio of over 7,000 patents and applications comprises technologies related to DRAM, FLASH memory, semiconductor processes, semiconductor manufacturing, lithography, packaging, semiconductor circuitry and memory interfaces. The portfolio has broad relevance to many semiconductor products. The issued patents in the portfolio have an average remaining life of over 8 years. The portfolio comprises about 5,000 US patents and applications.
The patented inventions in the portfolio were developed by Qimonda, Infineon and Siemens AG (“Siemens”). These companies have been pioneers in semiconductor design and manufacturing since 1953, when Siemens became the first company to successfully manufacture the ultra-pure silicon needed for semiconductor components. Qimonda, which had been a part of Infineon, went public in 2006 to form, at the time, the second largest DRAM manufacturer in the world. Qimonda’s products comprised of DRAM, graphics RAM, mobile RAM and FLASH memory.
WiLAN offered guidance on April 29, 2015 that it predictable revenues for the second quarter of 2015 to be at least US $18.3 Million. WiLAN now anticipates revenues for the second quarter of 2015 to be in excess of US $34 Million.
Wi-LAN Inc., an intellectual property licensing company, develops, acquires, and licenses various patented technologies, which are used in products in the communications and consumer electronics markets.
At the end of Tuesday’s trade, LPL Financial Holdings Inc (NASDAQ:LPLA)‘s shares surged 3.15% to $43.93.
LPLA
LPL Financial LLC, the nation’s largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned partner of LPL Financial Holdings Inc. (LPLA), recently declared that it has named Matthew Audette as its new chief financial officer. Audette will report directly to LPL Chairman and CEO Mark Casady and will be based in the firm’s San Diego office. He fills the role formerly held by current LPL President Dan Arnold and will join the firm effective Sept. 28, 2015.
LPL Financial Holdings Inc., together with its auxiliaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings comprise variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income products, and alternative investments; and insurance offerings comprise personalized advance case design, point-of-sale service, and product support for a range of life, disability, and long-term care products.
Ingersoll-Rand PLC (NYSE:IR), ended its Tuesday’s trading session with 0.36% gain, and closed at $69.24.
Ingersoll-Rand PLC (IR) declared that it will be exhibiting new compressor products and solutions at Latin America’s largest industrial expo FEIMAFE 2015. The theme of Ingersoll’s international event is focused on the total system for compressed air that is required to power industrial operations.
The new products that would be showcased comprise a contact-cooled rotary screw air compressor line accessible in fixed speed drive, variable speed drive and total air systems. Ingersoll has a solid foundation of global brands with a leading market share in all major product lines. The company’s complementary portfolio of products and services is likely to assist it in strengthening the market position and achieving high productivity.
Ingersoll’s compressed air systems and services business provides a wide range of products and this expo will further earn huge publicity. The new offerings by the company are likely to educate customers with innovative methodologies to enhance air systems’ reliability, productivity, and efficiency.
Headquartered in Dublin, Ireland, Ingersoll designs, manufactures, sells and services a diverse portfolio of industrial and commercial products across the globe. The geographic and industrial diversity coupled with a large installed product base provides ample growth opportunities for the company within service, spare parts and replacement revenue streams.
Ingersoll-Rand plc, together with its auxiliaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers heating, ventilation, and air conditioning (HVAC) systems, in addition to commercial and residential building services, parts, support, and controls under the Trane and American Standard brands; and transport temperature control solutions under the Thermo King brand.
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