Trending Movers to Watch: Newmont Mining Corp (NYSE:NEM), Dycom Industries, Inc. (NYSE:DY)

On Tuesday, Shares of Newmont Mining Corp (NYSE:NEM), included 0.39% and shut at $33.20 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $32.12 and $33.39. 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.

Shares of Dycom Industries, Inc. (NYSE:DY), subtract -20.25% and shut at $74.13 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $70.33 and $79.92. The association’s commercial center capitalization is $2.36 Billion with the general uncommon loads of 31.42 million. Dycom Industries, Inc. (DY) declared recently its results for the first quarter ended October 29, 2016. The Company stated:

Contract revenues of $799.2 million for the quarter ended October 29, 2016, contrast to $659.3 million for the quarter ended October 24, 2015. Contract revenues for the quarter ended October 29, 2016 grew 18.0% on an organic basis after apart from contract revenues from attained businesses that were not owned for the entire period in both the current and prior year quarter. Total contract revenues from attained businesses were $56.6 million for the quarter ended October 29, 2016, contrast to $29.9 million for the quarter ended October 24, 2015.

Non-GAAP Adjusted EBITDA of $129.2 million, or 16.2% of contract revenues, for the quarter ended October 29, 2016, contrast to $105.7 million, or 16.0% of contract revenues, for the quarter ended October 24, 2015.

On a GAAP basis, net income was $51.0 million, or $1.59 per common share diluted, for the quarter ended October 29, 2016, contrast to net income of $30.8 million, or $0.91 per common share diluted, for the quarter ended October 24, 2015. Non-GAAP Adjusted Net Income was $53.7 million, or $1.67 per common share diluted, for the quarter ended October 29, 2016, contrast to Non-GAAP Adjusted Net Income of $42.0 million, or $1.24 per common share diluted, for the quarter ended October 24, 2015. Non-GAAP Adjusted Net Income for the quarter ended October 29, 2016 and October 24, 2015 excludes $4.3 million and $1.8 million, respectively, of pre-tax interest expense incurred for non-cash amortization of the debt discount associated with the Company’s 0.75% convertible senior notes due September 2021. Non-GAAP Adjusted Net Income for the quarter ended October 24, 2015 also excludes the impact of a pre-tax charge of about $16.3 million for early extinguishment of debt in connection with the redemption of the Company’s 7.125% senior subordinated notes.

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