On Monday, Agnico Eagle Mines Ltd (USA) (NYSE:AEM)’s shares declined -1.51% to $24.09.
Agnico Eagle Mines Limited (AEM) is happy to provide an update on exploration drilling results at its El Barqueno gold project in Jalisco State, west-central Mexico , and an update on exploration activities at the Creston Mascota deposit at Pinos Altos and the La India mine in northern Mexico .
The Company last stated drill results from El Barqueno in its news release dated June 9, 2015. This news release summarizes the results of the exploration and technical studies at the project to the end of August 2015 .
Highlights:
- El Barqueno prospects continue to expand
- Azteca-Zapoteca prospect extended to 300 metres depth - In the northeast portion of the deposit, hole BRQ15-174 yielded 8.04 grams per tonne (g/t) gold (uncapped) over 5.0 metres at 227 metres depth. In the southwest portion, hole BRQ15-226 intersected four lenses between 173 and 303 metres depth counting 2.25 g/t gold (uncapped) over 3.6 metres at 303 metres below surface.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, in addition to for silver, copper, zinc, and lead.
New York Mortgage Trust Inc (NASDAQ:NYMT)’s shares dropped -2.10% to $6.54.
New York Mortgage Trust, Inc. (NYMT) declared that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share on shares of its common stock for the quarter ending September 30, 2015. The dividend will be payable on October 26, 2015 to common stockholders of record as of September 28, 2015.
In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock of the Company, the Board of Directors declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period starting July 15, 2015 and ending on October 14, 2015. This dividend is payable on October 15, 2015 to holders of record of Series B Preferred Stock as of October 1, 2015.
New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States.
At the end of Monday’s trade, Penn Virginia Corporation (NYSE:PVA)‘s shares dipped -3.90% to $0.640.
Penn Virginia Corporation (PVA) declared that, given the current commodity price environment, the need to preserve liquidity and the resulting reduction in capital available to invest in its high-quality assets, it has suspended the quarterly dividends on its 6.00% Series A convertible preferred stock (Series A) and its 6.00% Series B convertible preferred stock (Series B) for the quarter ending September 30, 2015. As a result, no dividends for the third quarter of 2015 will be paid to holders of Series A or Series B depositary shares, each representing a 1/100th interest in a share of Series A or Series B preferred stock. The Company will continue to re-evaluate the dividend payment policy on a quarterly basis.
The suspension of quarterly dividends does not affect the Company’s business operations and does not cause an event of default under any of its debt agreements.
Under the terms of Series A and Series B preferred stock, any unpaid dividends, including the unpaid dividends for the quarter ending September 30, 2015 and any future unpaid dividends, will accumulate. If the Company does not pay dividends on its Series A and Series B preferred stock for six quarterly periods, whether consecutive or non-consecutive, the holders of depositary shares of both series of preferred stock, voting together as a single class, will have the right to elect two additional directors to serve on the Company’s Board of Directors until all accumulated and unpaid dividends are paid in full.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The company’s operations comprise the drilling of unconventional horizontal development wells in the Eagle Ford Shale in South Texas.
Perrigo Company, (NYSE:PRGO), ended its Monday’s trading session with -2.09% loss, and closed at $174.83.
Perrigo Company plc (PRGO) declared that its Board of Directors has reviewed Mylan’s unsolicited tender offer to acquire all of the outstanding shares of Perrigo and, in consultation with its financial and legal advisors, unanimously determined that the offer substantially undervalues the Company and does not adequately compensate shareholders for Perrigo’s exceptional growth prospects. The Offer also would expose Perrigo shareholders to significant financial risks and Mylan’s troubling corporate governance values. Accordingly, the Board recommends that shareholders NOT tender any of their shares to Mylan.
Recently the Company filed a Plan 14D-9 with the Securities and Exchange Commission and the TASE detailing the reasons for its rejection, which comprised of a letter to shareholders from Perrigo’s Chairman, President and CEO, Joseph C. Papa. Following is the full text of the letter:
Perrigo Company plc, through its auxiliaries, develops, manufactures, and markets over-the-counter (OTC) consumer goods and pharmaceutical products worldwide. The company operates through Consumer Healthcare (CHC), Branded Consumer Healthcare (BCH), Prescription Pharmaceuticals (Rx Pharmaceuticals), Specialty Sciences, and Other segments.
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