On Tuesday,Shares of Newmont Mining Corp (NYSE:NEM), subtract -10.10% and closed at $34.25 in the last trading session. The last trading range of the stock ranges between $34.00 and $36.87. Newmont Mining Corporation (NEM) (Newmont or the Company) has accomplished construction of the Merian gold mine in Suriname on time and more than $150 million or nearly 20 percent below its initial development capital budget. First gold was poured and Newmont declared commercial production on October 1, having achieved sustained average mill throughput of 80 percent and gold recovery of more than 90 percent over the last 30 days. Stockpiled ore represents nearly 160,000 contained ounces of gold.
Merian contains gold reserves of 5.1 million ounces1 and annual production is expected to average between 400,000 and 500,000 ounces of gold at competitive costs in the first five full years of production (100 percent basis). Costs are expected to be among the lowest in the portfolio, averaging between $575 and $675 per ounce in costs applicable to sales and between $650 and $750 per ounce in all-in sustaining costs in the first five years.2 Exploration has extended mine life from 11 to 13 years, and continues to identify further upside potential within Newmont’s 500,000 hectare Area of Interest, counting a new discovery at Sabajo.
Zayo Group Holdings Inc (NYSE:ZAYO), jumped 2.31% and closed at $30.50 in the last trading session. The last trading range of the stock ranges between $29.67 and $30.52. The company’s Market capitalization is $7.43 Billion with the total Outstanding Shares of 242.65 million. A major wireless carrier has selected Zayo Group Holdings, Inc. (ZAYO) to deploy C-RAN connectivity in two major metro areas. In one market, Zayo will provide an “over the top” fronthaul solution, providing incremental fibers on existing paths to supplement the existing network. In the second market, Zayo will initiate service for the carrier in a new cluster of sites, solving for high-demand areas by extensively leveraging dense, existing metro dark fiber assets.
Increasingly, wireless carriers are turning to C-RAN architecture to improve network performance while reducing capital expenditures and gaining operating efficiencies. “C-RAN facilitates wireless carriers to cost-efficiently keep pace with the growing bandwidth demand of their customers,” said Dave Jones, executive vice president, Dark Fiber Solutions at Zayo. “C-RAN, which requires a plentiful supply of dark fiber, is a prime example of second tenant economics for Zayo.”
According to Cisco, global mobile data traffic grew 74 percent last year, with a prediction of compound annual growth rates at more than 50 percent through 2020. To accommodate current and future demand, carriers are taking steps to upgrade their networks now, deploying technologies such as C-RAN and small cell.
Home Depot Inc (NYSE:HD), lost -0.22% and closed at $128.20 in the last trading session. The last trading range of the stock ranges between $127.95 and $129.92. During the 52-week trading session the minimum price at which share price traded, registered at $109.62 and reached to max level of $139.00. The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me (DIFM), and professional customers. The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, in addition to acts as a contractor to provide installation services to its DIFM customers through third-party installers. It mainly serves home owners; and renovators/remodelers, general contractors, repairmen, installers, small business owners, and tradesmen. The company also sells its products through online.