On Wednesday, Shares of Silver Standard Resources Inc. (USA)(NASDAQ:SSRI), subtract -7.49% and shut at $9.76 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $9.62 and $10.14. The business’ commercial center capitalization is $1.21 Billion with the aggregate fabulous loads of 119.35 million. Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) declares that it and Silver Standard Resources Inc. (Silver Standard) (TSX:SRO, Nasdaq: SSRI) have recently withdrawn their most recent joint proposal to acquire all of the outstanding shares of Kirkland Lake Gold Inc. (Kirkland Lake) (KLG.TO) in a negotiated transaction.
As formerly declared by Gold Fields, its wholly-owned partner, Gold Fields Netherlands Services B.V., has made three successive proposals jointly with Silver Standard to acquire Kirkland Lake following a plan of arrangement for consideration consisting of cash and shares of Silver Standard or a combination thereof. In response to each proposal, the Kirkland Lake board advised that it had determined that it was not reasonably expected to result in a Superior Proposal relative to Kirkland Lake’s formerly declared combination with Newmarket Gold Inc. (Newmarket) (NMI.TO), and that Kirkland Lake would not be engaging in any negotiations with Gold Fields or Silver Standard or providing them with due diligence access.
Shares of First Solar, Inc. (NASDAQ:FSLR), added 0.40% and shut at $29.78 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $28.84 and $29.82. The association’s commercial center capitalization is $3.12 Billion with the general uncommon loads of 103.91 million. First Solar, Inc. (FSLR) recently declared an acceleration of Series 6 production into 2018, with about 3 Gigawatts of production expected in 2019. Over the course of 2017 and 2018 the Company’s existing production facilities will be converted to Series 6 production and the current Series 4 product will be phased out. As a result of the change in roadmap the Company will cancel its Series 5 product.
“The acceleration of the Series 6 roadmap is an important development for First Solar,” said Mark Widmar, CEO of First Solar. “Following the completion of an internal review process to evaluate the best competitive response to address the current challenging market conditions, we have developed plans that will facilitate us to more quickly begin production of our Series 6 module. Although the decision to accelerate our Series 6 roadmap requires a restructuring of our current operations, we expect the transition to Series 6 will facilitate us to maximize the intrinsic cost advantage of CdTe thin-film technology as compared to crystalline silicon. Recent steep module pricing declines require us to evaluate all components of our cost structure and streamline our business model to best position the Company for long-term success.”