On Tuesday, Shares of Yamana Gold Inc. (USA) (NYSE:AUY), added 2.71% and closed at $3.79 in the last trading session. AUY stock opened its last trade at $3.75 and after floating in a range of $3.69 to $3.82. The company’s Market capitalization is $3.63 Billion with the total Outstanding Shares of 947.60 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.38 and reached to max level of $5.99.The Earnings per Share of the company stands at $-1.99. YAMANA GOLD INC. (YRI.TO) (AUY) (“Yamana” or “the Company”) is happy to declare that its wholly owned partner, Brio Gold Inc. (“Brio Gold”), has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with qualifying a secondary offering (the “Offering”) of Brio Gold common shares held by Yamana (the “Brio Shares”), which will be transferred to purchasers through and subject to the exercise of purchase rights (the “Purchase Rights”). Yamana intends to distribute the Purchase Rights to its shareholders (the “Yamana Shareholders”) as a dividend in-kind. The Purchase Rights shall provide Yamana Shareholders with an opportunity to purchase from Yamana a portion of its Brio Shares. The exercise price will be determined in the context of the market before the filing of a final prospectus. The effect of the Offering will be to spin-off Brio Gold as a standalone public company on the closing of the Offering (the “Spin-Off”).
The Spin-Off is being undertaken for the benefit of Yamana Shareholders and is the final stage of a plan that the Company implemented starting in 2014 to surface value from certain non-core properties in Brazil. Completion of the Spin-Off will also facilitate Yamana to better focus on its portfolio of six, soon to be seven, producing mines in top mining jurisdictions and on its organic growth pipeline. In particular, Yamana will be better positioned to focus on recent exploration success, optimization programs, and on advancing Canadian exploration and near-term development opportunities.
Shares of Gap Inc (NYSE:GPS), DROPPED -0.96% and closed at $25.91 in the last trading session.GPS stock opened its last trade at $26.37 and after floating in a range of $25.74 to $26.37. The company’s Market capitalization is $10.21 Billion with the total Outstanding Shares of 398.48 million. During the 52-week trading session the minimum price at which share price traded, registered at $17.00 and reached to max level of $30.49.The Earnings per Share of the company stands at $1.77. In celebration of International Day of the Girl, Gap Inc. recently declared the expansion of its signature education program, P.A.C.E. (Personal Advancement & Career Enhancement), with new curriculum designed to improve confidence and life skills for girls in community settings. To coincide with this declarement, the company’s namesake brand partnered with Condé Nast to showcase the inspirational stories of women who are presently participating in P.A.C.E.
At the center of Gap and Condé Nast’s partnership is a 12-minute documentary-style film profiling the stories of three unique women – Mary, Margaret and Puwaneshwary – who are presently enrolled in a P.A.C.E. community program. The film shines a light on how access to education has changed the lives of these women who work on a tea plantation in Sri Lanka, where literacy rates for women are typically very low – 67 percent contrast to the country’s average of 90 percent (source:CARE Sri Lanka).
Created by the award-winning 23 Stories x Condé Nast studio and directed by internationally acclaimed filmmaker Vanessa Black, the documentary premiers on Vogue’s digital channels in both the U.S. and the U.K. starting recently.