Golden Minerals Co (NYSEMKT:AUMN) announced plans for a July 2014 restart of mining at its Velardena Properties located in Durango state, Mexico. Once mining and processing are ramped up to approximately 285 tonnes per day (tpd) of sulfide ore in mid-2015, the Company expects output of approximately 1.0 to 1.2 million silver equivalent ounces per annum (including silver and gold but excluding lead and zinc), with cash costs between $12 and $15 per silver ounce net of by-product credits. Golden has completed a 9,000-meter drill program at Velardena in vein systems located largely outside the currently defined Canadian National Institute NI 43-101 compliant resource. That drill program represents the first known drilling of the Terneras vein system sulfides in the area below the historic mine workings. The Company’s drilling, mine planning and analysis indicate that positive net cash flow may be achieved at the Velardena Properties at current silver and gold prices. An independent engineering firm participated in the preparation of the mining plan. Golden Minerals Co (NYSEMKT:AUMN) weekly performance is -4.96%. On last trading day company shares ended up $1.15. Analysts mean target price for the company is $1.20. Golden Minerals Co (NYSEMKT:AUMN) distance from 50-day simple moving average (SMA50) is 59.32%.
On June 27, 2014, Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN) announced its financial results for the three months ended March 31, 2014. Revenue for the three months ended March 31, 2014 was $28.0 million, up 92% from the same period a year ago. Sales of coated pre-stressed steel materials, including rare earth and zinc coated products, were approximately $26.5 million, up 105.4% compared to approximately $12.9 million in the first quarter of 2013. Sales of plain surface PC strands were $1.5 million for the three months ended March 31, 2014, a decrease of $0.2 million compared to the prior year. Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN) shares fell -8.62% in last trading session and ended the day on $0.986.OSN Gross Margin is 10.10% and its return on assets is 2.00%. Ossen Innovation Co Ltd (ADR) (NASDAQ:OSN) quarterly performance is -14.26%.
On Jun 16, 2014, Crescent Point Energy Corp (NYSE:CPG) confirms that the dividend to be paid on July 15, 2014, in respect of June 2014 production, for shareholders of record on June 30, 2014, will be CDN $0.23 per share. Crescent Point Energy Corp (NYSE:CPG) shares moved up 1.14% in last trading session and was closed at $44.31, while trading in range of $43.52 – $44.34. Crescent Point Energy Corp (NYSE:CPG) year to date (YTD) performance is 17.91%.
On June 18, Cal Dive International, Inc. (NYSE:DVR) announced that Brent D. Smith, the Company’s Chief Financial Officer, voluntarily resigned from the Company effective June 13, 2014 to pursue other opportunities. The Company has commenced a search for a new Chief Financial Officer and will consider both internal and external candidates. Until a new Chief Financial Officer is named, Mr. Quinn J. Hébert, the Company’s Chairman, President and Chief Executive Officer will assume the additional responsibilities of Chief Financial Officer of the Company. Mr. Smith has agreed to make himself available to assist during the transition. Cal Dive International, Inc. (NYSE:DVR) ended the last trading day at $1.32. Company weekly volatility is calculated as 7.53% and price to cash ratio as 39.51. Cal Dive International, Inc. (NYSE:DVR) showed a negative weekly performance of -6.38%.
On June 3, 2014, Evolution Petroleum Corp (NYSEMKT:EPM) declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of June 2014 and is payable on June 30, 2014 to holders of record at the close of business on June 16, 2014. The payment will be 1/12th of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per share liquidation preference. Evolution Petroleum Corp (NYSEMKT:EPM) shares moved down -1.08% in last trading session and was closed at $10.95, while trading in range of $10.73 – $11.16. Evolution Petroleum Corp (NYSEMKT:EPM) year to date (YTD) performance is -9.73%.