On Monday, shares of Amedica Corporation (NASDAQ:AMDA), included 23.53 % and shut at $1.05 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $0.95 and $1.09. Amedica Corporation ( NASDAQ : AMDA ), a company that develops and commercializes silicon nitride ceramics as a biomaterial platform, recently declared financial results for the third quarter ended September 30, 2016.
Recent Company Highlights
Reduced year-to-date operational cash burn by 25%
Received FDA clearance for Valeo® II Lateral Lumbar interbody fusion device
Presented 510(k) to FDA for new Taurus metals system with first implantation expected by end of the year
The first stage of testing of silicon nitride by the CFDA (chinese FDA) has begun and is expected to be accomplished by January 2017.
Presented materials testing data and clinical data to the Japan PMDA
Reduced headcount by 38% which will reduce operating cash burn by about $2 million per year
Presented response to FDA clarifying 510(k) application for composite silicon nitride spacer (C+CSC)
Shares of Newmont Mining Corp (NYSE:NEM), added 1.16 % and shut at $33.07 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $32.75 and $33.41. The association’s commercial center capitalization is $17.55 Billion with the general uncommon loads of 530.75 million. Newmont Mining Corporation (NEM) (Newmont or the Company) has reached commercial production at Long Canyon, a higher grade oxide mine in an emerging gold district located less than 100 miles from its existing Nevada operations. The Company declared commercial production based on sustaining plant availability of more than 85 percent, and achieving a minimum of 70 percent of modeled leach recovery. The project was accomplished two months ahead of plan for an investment of just under $225 million, which is about $50 million or 18 percent below budget.
The first phase of development is expected to produce between 100,000 and 150,000 ounces of gold per year over an eight year mine life at estimated costs applicable to sales of between $400 and $500 per ounce, and all-in sustaining cost of between $500 and $600 per ounce1. The project was optimized by taking a phased development approach, relying on refurbished instead of new equipment, and building a leach facility rather than a mill. At current gold prices, the project is expected to generate a 26 percent rate of return with a payback period of just under four years.