News Recap: Golden Star Resources Ltd. (USA)(NYSEMKT:GSS), Martin Marietta Materials, Inc. (NYSE:MLM)

On Wednesday, Shares of Golden Star Resources Ltd. (USA)(NYSEMKT:GSS), added 2.44% and closed at $0.799 in the last trading session. The last trading range of the stock ranges between $0.78 and $0.88. Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) (“Golden Star” or the “Company”) reports its financial and operational results for the third quarter ended September 30, 2016.

Highlights:

At the end of the third quarter of 2016, the Company remains on track to achieve its merged 2016 full year production, cash operating cost1 and capital expenditure guidance

Gold production for the quarter of 44,974 ounces, in line with expectations

22,290 ounces from the Wassa Gold Mine (“Wassa”)

22,684 ounces from the Prestea Gold Mine (“Prestea”), representing record quarterly production for the Prestea Open Pits

22,290 ounces from the Wassa Gold Mine (“Wassa”)

22,684 ounces from the Prestea Gold Mine (“Prestea”), representing record quarterly production for the Prestea Open Pits

Merged cash operating cost1 for the quarter of $964 per ounce

$1,110 per ounce at Wassa

$835 per ounce at Prestea

$1,110 per ounce at Wassa

$835 per ounce at Prestea

All-in sustaining cost1 (“AISC”) for the quarter of $1,153 per ounce

Capital expenditures of $21.7 million during the quarter, bringing the total spent year to date to $60.6 million, as the development of the Wassa Underground Gold Mine (“Wassa Underground”) and the Prestea Underground Gold Mine (“Prestea Underground”) continued

First stope has been blasted at Wassa Underground and commercial production is on plan for early 2017

Martin Marietta Materials, Inc. (NYSE:MLM), jumped 11.57% and closed at $225.39 in the last trading session. The last trading range of the stock ranges between $213.64 and $228.04. The company’s Market capitalization is $14.57 Billion with the total Outstanding Shares of 63.43 million. Martin Marietta Materials, Inc. (MLM) recently stated results for the third quarter ended September 30, 2016.

Ward Nye, Chairman, President and CEO of Martin Marietta, stated: “Our ability to take advantage of a slow and steady economic expansion and improvement across our markets assisted us achieve exceptional performance in each of our business units. For the third quarter of 2016, we delivered noteworthymargin expansion and achieved record gross profit, net earnings and earnings per diluted share from our record net sales for the period. Aggregate product line pricing raised about 9 percent which, coupled with our focus on diligent cost control, allowed us to leverage the raised net sales into a 210-basis-point improvement in merged gross margin (apart from freight and delivery revenues), generating a 91 percent incremental gross margin (apart from freight and delivery revenues). Overall, our record performance across our business underscores our ability to deliver top- and bottom-line growth.

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