On Wednesday, Shares of Ultragenyx Pharmaceutical Inc (NASDAQ:RARE), added 17.25% and closed at $71.72 in the last trading session. The last trading range of the stock ranges between $64.13 and $76.31. Ultragenyx Pharmaceutical Inc. (RARE), a biopharmaceutical company focused on the development of novel products for rare and ultra-rare diseases, will present at the following shareholder conferences:
Shalini Sharp, the company’s Chief Financial Officer, will present at the Credit Suisse 25th Annual Healthcare Conference on Tuesday, November 8, 2016 at 2:30pm MT in Scottsdale, AZ.
Tom Kassberg, the company’s Chief Business Officer, will present at the Stifel 2016 Healthcare Conference on Tuesday, November 15, 2016 at 1:30pm ET in New York, NY.
Golden Minerals Co (NYSEMKT:AUMN), jumped 2.75% and closed at $0.750 in the last trading session. The last trading range of the stock ranges between $0.71 and $0.79. The company’s Market capitalization is $67.41 million with the total Outstanding Shares of 88.92 million. Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE MKT: AUMN and TSX: AUM) provides a business update and declares results for the third quarter ended September 30, 2016.
Third Quarter Business Update
Hecla exercised its right to extend its lease of the Company’s Velardena oxide plant for an additional six months, until June 30, 2017. Hecla has the right to extend the lease for an additional 18 months following June 30, 2017, or until December 31, 2018, under similar payment terms. The Company and Hecla formerly reached agreement regarding an expansion of the tailings impoundment, at Hecla’s cost, to accommodate processing at current levels until about December 31, 2018, plus an agreed capacity to remain unused. The agreed expansion plan preserves flexibility for future tailings expansion.
The Company accomplished a farm-out agreement on the Celaya exploration property in Mexico with Electrum Global Holdings, LP. Electrum can earn a 60 percent interest in exchange for a $0.2 million cash payment made at signing and the expenditure of $2.5 million on the property over three years. If the Company elects not to retain its 40 percent interest, Electrum can earn an additional 20 percent interest by spending an additional $2.5 million.
The Company sold excess mining equipment for about $0.7 million, with 90 percent of the sales price to be paid in February 2017, and sold its 50 percent interest in the San Diego exploration property to Golden Tag Resources, Ltd. for about $0.4 million in cash, 2,500,000 common shares of Golden Tag and a two percent net smelter return royalty.