Stocks Trading in Real-Time: Yamana Gold Inc. (USA) (AUY), Gerdau SA (ADR) (GGB)


Yamana Gold Inc. (USA) (NYSE:AUY)

Stock’s Trading Stats:

Yamana Gold Inc. (USA) (NYSE:AUY) is trading up with a percentage change of 3.27% and is at $4.10 right now. The Company’s market capitalization stands at $4.29 Billion in the current trading Session whereas, its outstanding shares are 947.19 Million.

Recent Press Release:

Yamana Gold, Inc. (AUY) on April 11, 2016 provides a summary of preliminary first quarter 2016 operational results, an update to the Company’s merged guidance incorporating 2016 to 2018 production estimates and 2016 costs for the Riacho dos Machados mine (“RDM”) and a summary of a recently accomplished technical report for RDM.

The acquisition of RDM will enhance the production profile of the Brio Gold division to an initial annualized production at full capacity of about 250,000 gold ounces, which would further enhance to about 350,000 gold ounces assuming the recommissioning of C1 Santa Luz. For 2016, the Company is focused on optimizing production and costs from and value for RDM, thereby improving the production and value of the Brio Gold division. Among the efforts toward that optimization, a new water storage facility will be built this year to allow for sustained production at RDM. A critical limitation to full scale mine and plant operation until now has been limited water availability due to insufficiency of funds for a water storage facility. Completion of the facility by end of year will enhance production from 55,000 ounces in 2016, with the portion attributable to the Company of 30,000 ounces, to over 104,000 ounces in 2018 increasing significantly the cash flow contribution to the Company.

With the addition of the RDM mine to Yamana’s portfolio, the Company is updating its 2016, 2017 and 2018 gold production guidance and 2016 gold cash cost guidance.

Gerdau SA (ADR) (NYSE:GGB)

Stock’s Trading Stats:

Gerdau SA (ADR) (NYSE:GGB) is surging 2.25% percent and is at $2.05 in the Real-Time trading session. The stock’s market capitalization stands at $3.55 Billion with outstanding shares of 1.11 Billion.

Recent Press Release:

Gerdau S.A. (GGB) produces and commercializes steel products worldwide. The company operates through Brazil Business Operation, North America Business Operation, South America Business Operation, and Special Steel Business Operation segments. It offers semi-finished products, such as billets, blooms, and slabs; common long rolled products, counting rebars, merchant bars, and profiles that are used by the construction and manufacturing industries; and drawn products comprising of barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps, in addition to iron ore. It also produces special steel products used in automotive components, machinery, road and agricultural parts, mining equipment, tools, rail components, and maritime mooring. In addition, it provides flat products, such as hot- and cold-rolled steel coils, heavy plates, and structural profiles. The company sells its products through independent distributors, direct sales from the mills, and its retail network. The company was founded in 1901 and is based in Porto Alegre, Brazil. Gerdau S.A. is a partner of Metalúrgica Gerdau S.A.