Industry News

PPG Industries, a Pittsburgh-based company that employs hundreds of workers in the midstate, announced that it will sell the assets of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V. The PPG plant at 400 Park Drive in South Middleton Twp. is part..."/>
Vitro plans to keep PPG's Carlisle-area plant [The Patriot-News, Harrisburg, Pa.]
Castrol India Ltd's June quarter results, with the stock going up 6% in the past two trading days. After all, the company delivered its highest ever quarterly profit. The performance benefited from sales volume growth and a favourable cost of goods environment."/>
Castrol India: higher volume, profit margin ensure a good drive [Mint, New Delhi]
International Paper Co. reported strong operating profits on global sales that held about even with a year ago despite slower economies in China, Europe and parts of South America. Second quarter profits lagged the performance of a year earlier, reflecting a $439 million accounting settlement related to the pension plan for the Memphis-based company. The settlement resulted from a $1.2 billion lump sum payment to about 25,000 former employees who were vested in the..."/>
International Paper stock ticks up on quarterly profits [The Commercial Appeal, Memphis, Tenn.]
PREMIER GOLD MINES LIMITED is pleased to announce that it has entered into a definitive share purchase agreement with Yamana Gold Inc. pursuant to which Premier has agreed to acquire Yamana's Mercedes mine and exploration properties located in the state of Sonora, northwest Mexico, within the Cucurpe municipality. Pursuant to the Share Purchase Agreement, Premier..."/>
Premier Gold Mines Limited Signs Definitive Agreement to Purchase Mercedes Mine from Yamana Gold Inc.
Ferroglobe PLC announced that its Board of Directors on July 28, 2016 declared a quarterly dividend of $0.08 per share payable on August 12, 2016 to shareholders of record at the close of business on August 8, 2016.. Ferroglobe PLC is among the world's leading suppliers of silicon metal, silicon-based specialty alloys, and ferroalloys serving a customer base across the globe in dynamic and fast growing end markets such as solar, automotive, consumer..."/>
Ferroglobe PLC Announces Dividend
Kincora Closes Private Placement and Converts Debt
YAMANA GOLD INC. is herein reporting its financial and operational results for the second quarter 2016, including total gold production of 313,086 ounces, revenue of $466.5 million, net earnings of $32.9 million or $0.03 per share, and adjusted earnings of $5.4 million or $0.01 per share. Additional highlights are provided below. In addition, the Company is herein providing an exploration update for its 50% owned Odyssey deposit, which is located east..."/>
Yamana Gold Announces Second Quarter 2016 Results
YAMANA GOLD INC. is pleased to announce that it has entered into a definitive Share Purchase Agreement to sell 100% of its interest in the Mercedes mine in Sonora, Mexico to Premier Gold Mines Limited. Pursuant to the Agreement, Yamana will receive consideration in the form of cash and equity securities, the value of which was $140 million at the time of negotiations. Total cash and equity securities consideration is summarized as follows:."/>
Yamana Gold Announces Sale of its Mercedes Mine in Mexico
YAMANA GOLD INC. is pleased to announce a positive decision to recommission its C1 Santa Luz project, located in Bahia, Brazil. This decision follows the completion of the financial and technical analyses relating to recommissioning which have been ongoing since the project was placed on care and maintenance in 2014 pending further clarification of technical aspects of C1 Santa Luz. --Proven and Probable Mineral Reserves of 1.2 million ounces of gold (..."/>
Yamana Gold Makes Decision to Move Forward With C1 Santa Luz Recomissioning
YAMANA GOLD INC. declares a third quarter 2016 dividend of $0.005 per share. Shareholders of record at the close of business on September 30, 2016 will be entitled to receive payment of this dividend on October 14, 2016. The dividend is an "eligible dividend" for Canadian tax purposes. Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the..."/>
Yamana Gold Declares Third Quarter Dividend
Krispy Kreme Doughnuts, Inc. has closed the acquisition of US-based investment company JAB Beech Inc. for USD 21 per share in cash, or a total equity value of approximately USD 1.35 bn, the company said. JAB Beech is an indirect controlled subsidiary of JAB Holding Company in which BDT Capital Partners is a..."/>
M and A Navigator: Deal pipeline –28 July
Praxair, a Danbury-based industrial gas company, reported a drop in sales as the company on Thursday announced its second-quarter financial results. Sales in the second quarter totaled $2.67 billion, a drop of 3 percent below the prior-year quarter. The company said the drop in sales were "primarily due to the impact of negative currency translation.""/>
Praxair sales drop in second quarter [The Hour, Norwalk, Conn.]
Schnitzer Steel Industries, Inc. declared a cash dividend of $0.1875 per common share, payable on August 22, 2016, to shareholders of record on August 8, 2016. Schnitzer has paid a dividend every quarter since going public in November 1993.. About Schnitzer Steel Industries, Inc.."/>
Schnitzer Board Declares Quarterly Dividend
PolyOne Corp. has acquired Colorado-based high strength laminate maker Gordon Composites and Colorado-based reinforced thermoplastic composite maker Polystrand from Colorado-based thermoset composite laminates maker Gordon Holdings, the company said. The purchase price for both businesses was USD 85.5 m. The price includes all assets related to the businesses, including intellectual property,..."/>
PolyOne Acquires Gordon Composites, Polystrand for USD 85.5m
Sealed Air Corp.' s net income rose more than 76 percent in the second quarter compared with last year, but revenues fell as sales from its food segment declined. The Charlotte-based packaging company, which makes Bubble Wrap, reported that net income jumped to $49.6 million from $28.1 million in the previous year. But its revenues dropped to $1.73 billion from $1.79 billion, which fell behind analyst projections of $1.74 billion, according to analysts surveyed by Zacks..."/>
Sealed Air's net income rises but revenues fall [The Charlotte Observer]
Dundee Precious Metals Inc.-. Q2 2016 Financial and Operating Highlights:. --Metals production from continuing operations- Achieved gold and copper production, including gold in pyrite concentrate, of 38,092 ounces and 9.6 million pounds, respectively, in line with 2016 guidance;-- All-in sustaining cost per ounce of gold from continuing operations- Achieved cost of $580, up over 2015 due to lower realized copper prices;-- Smelter- Processed 44,545 tonnes of..."/>
Dundee Precious Metals Announces 2016 Second Quarter Results
Richards Packaging Income Fund announced today results for the quarter ended June 30, 2016.. Second quarter performance was in line with our 2016 outlook as total revenue increased 20.3% due to the Healthmark acquisition and organic revenue growth and a U.S./ Cdn. 3.7¢ weakening of the dollar to 78¢, up from 73¢ in the first quarter. Gross profit and EBITDA 1 as a percent of sales were consistent with the first quarter at 17.2% and 13.2% respectively."/>
Richards Packaging Income Fund announces 2016 Second Quarter Results
Anconia Resources Corp. is pleased to announce that it is has closed the second tranche of its previously announced non-brokered private placement offering. Anconia issued 4,300,000 units at at price per unit of $0.05 for gross proceeds of $215,000. Each Unit consists of one common share of..."/>
Anconia Announces Second Closing of Private Placement
Argonaut Gold Inc. announces that the federal court of appeals has issued a favourable ruling regarding its Federal lawsuit arising from the denial of the Environmental Impact Assessment for its San Antonio project in Baja California Sur, Mexico. On August 2, 2012, the Company was denied its Environmental Impact Assessment for its San Antonio project due in part to a local zoning issue. The Company filed a Federal lawsuit stating that the local..."/>
Argonaut Gold Receives Favourable Ruling In Federal Lawsuit Relating to San Antonio Permit

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