Day: October 28, 2020

Download a PDF of detailed drill hole results for Canadian MalarticTORONTO, Oct. 28, 2020 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or “the Company”) provides an exploration update for the Canadian Malartic mine, announcing exceptional drill results that provide further support for the development of a future underground operation at the East Gouldie, Odyssey, and East Malartic zones with significant additional mineral resources and extended life of mine.HIGHLIGHTSAn ongoing C$24 million drill program has added 44 new pierce points this year within the mineral envelope at East Gouldie, providing data for a rapidly growing mineral resource model with spacing between pierce points of 150 metres or less.Mineralization is currently defined over 1,400 metres of strike length and a 1,200-metre vertical...

DENVER, Oct. 28, 2020 (GLOBE NEWSWIRE) — Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today reported its unaudited financial results for the quarter ended September 30, 2020 and provided an update on the Company’s 100% owned Mt Todd gold project (“Mt Todd” or the “Project”) located in the Tier 1 mining jurisdiction of Northern Territory, Australia. Vista’s third quarter net income was $4.2 million or $0.05 per share, and cash plus short-term investments totaled $10.2 million.Frederick H. Earnest, President and Chief Executive Officer of Vista, stated, “We are extremely pleased with our third quarter financial results. We believe our strong balance sheet provides a solid foundation as we continue to methodically advance and de-risk the world-class Mt Todd gold project and seek a strategic partner.”With...

NOTABLE ITEMS FOR THE QUARTER INCLUDE:DILUTED EARNINGS PER SHARE OF $0.17 FOR THE THIRD QUARTER OF 2020, COMPARED TO $0.23 FOR THE SECOND QUARTER OF 2020, AND $0.28 FOR THE THIRD QUARTER OF 2019Current quarter results reflect a net decrease of $0.06 per diluted share related to $3.9 million ($2.9 million after-tax) in merger-related expenses, primarily change in control payments, legal and advisory fees, and technology contract termination charges associated with the acquisition of VSB BANCORP, INC.  (“Victory”) as compared to:A net decrease of $0.01 per diluted share in the second quarter of 2020 related to:$1.8 million ($1.3 million after-tax) in incremental loan loss provisions related to an increase in estimated loss factors related to the COVID-19 pandemic; and$205,000 in merger-related expenses, partially offset by: $665,000...

ITO, BPO markets slump on COVID-19 concerns, as companies turn to cloud-based servicesSYDNEY, Australia, Oct. 28, 2020 (GLOBE NEWSWIRE) — Buffeted by pandemic concerns, the managed services market in Asia Pacific fell in the third quarter to its lowest level in 14 years, according to the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.The Asia Pacific ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of US $5 million or more, shows the region’s managed services market plummeted 48 percent in the third quarter, to US $338 million, its worst showing since 2006. Within managed services, information technology outsourcing (ITO) was down 50 percent, to US $277 million, and business process outsourcing...

NOVATO, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) — Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), a biopharmaceutical company focused on the development and commercialization of novel products for serious rare and ultra-rare genetic diseases, today announced the pricing of its underwritten public offering of 4,444,444 shares of its common stock at a price to the public of $90.00 per share resulting in gross proceeds of $400 million, before underwriting discounts. In addition, the company has granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 666,666 shares of the company’s common stock at the public offering price, less the underwriting discount.The offering is expected to close on or about November 2, 2020, subject to satisfaction of customary closing conditions. J.P. Morgan,...

What you need to know:Verizon consumer (prepaid and postpaid) and small business customers most impacted by the early season ice storm will receive unlimited calling, texting and data starting 10/29 through 11/2Backup batteries and generators are keeping cell sites online where commercial power is outWe continue to monitor the storm’s impact as it moves out of the areaVerizon offers customers relief following the damaging ice storm in Oklahoma and TexasOKLAHOMA CITY, Oct. 28, 2020 (GLOBE NEWSWIRE) — For our consumer and small business customers most impacted by this week’s damaging ice storm, beginning Thursday, October 29, through Monday, November 2, Verizon is providing unlimited calling, texting and data to those who reside in the following counties:Oklahoma: Caddo, Custer, Harmon, Kingfisher, Logan, OklahomaTexas: Briscoe, Childress,...

BRISBANE, Australia, Oct. 29, 2020 (GLOBE NEWSWIRE) —SEPTEMBER QUARTER 2020 KEY HIGHLIGHTS1The Olaroz Lithium Facility (Olaroz) continued to operate under the established Bio-Security Protocol with limits on the number of personnel on site for both operations and expansion works. Cash cost of sales was successfully maintained near recent lows at US$3,974/tonne. Market conditions and product pricing continued to be challenging with significantly higher sales volume of 3,393 tonnes at a price of US$3,102/tonne following the discounting of excess inventory in July. Work continues at the Naraha Lithium Hydroxide Plant (Naraha) although some delays are expected.OLAROZ LITHIUM FACILITY (ORE 66.5%)2Operational activities continue to focus on the health and well-being of our staff, contractors and communities while maintaining production...

MCLEAN, Va., Oct. 28, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced pricing of the third Seasoned Credit Risk Transfer Trust (SCRT) offering of 2020 and first multi-servicer transaction for the program—a securitization of approximately $1.7 billion including both guaranteed senior and unguaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs). The SCRT securitization program is a fundamental part of Freddie Mac’s seasoned loan offerings which reduce less liquid assets in its mortgage-related investments portfolio and sheds credit and market risk via economically reasonable transactions.Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2020-3 includes approximately $1.56 billion in guaranteed senior certificates and approximately $174 million in unguaranteed mezzanine...

PEARL RIVER, N.Y., Oct. 28, 2020 (GLOBE NEWSWIRE) — Sterling Bancorp (NYSE: STL) (the “Company”), the parent holding company of Sterling National Bank, announced today that it has priced $225 million aggregate principal amount of its 3.875% fixed-to-floating rate subordinated notes due 2030 (the “Notes”). The Notes have an initial fixed interest rate of 3.875% to, but excluding, November 1, 2025, payable semi-annually in arrears, and a 10-year term and were offered to the public at par. From, and including, November 1, 2025, the interest rate on the Notes resets quarterly to a floating rate per annum equal to a benchmark rate, which is expected to be the then-current three-month term SOFR plus 369 basis points, payable quarterly in arrears.Piper Sandler & Co., U.S. Bancorp Investments, Inc. and PNC Capital Markets LLC are acting...

BILLERICA, Mass., Oct. 28, 2020 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS) announced today that Mark Augusti, President and Chief Executive Officer, and Robert Howe, Chief Financial Officer, will participate in the virtual 2020 Oppenheimer Fall MedTech Summit taking place Thursday, November 12, 2020, in one-on-one meetings.About Conformis, Inc.Conformis is a medical technology company that uses its proprietary iFit Image-to-Implant technology platform to develop, manufacture, and sell joint replacement implants and instruments that are individually sized and shaped, which we refer to as personalized, individualized, or sometimes as customized, to fit each patient’s unique anatomy.  Conformis offers a broad line of sterile, personalized knee and hip implants and single-use instruments delivered to hospitals and ambulatory surgical...