The adage time is money is relevant in every industry, but time’s value is exponential when that time is downtime and that downtime concerns large-scale, capital-intensive industries like construction, manufacturing, or power generation. An outage can cost a refinery $500,000 per day. For a nuclear power plant, it can run $1 million per day.
In September 2017, the commencement of construction at Lindero was officially launched (see Fortuna news releases dated September 21, 2017 and December 21, 2017). Lindero has been designed as an 18,750 tonnes per day owner operated open pit mine with a pit life of 13 years based on existing mineral reserves. The initial capital cost budget estimate for the construction of Lindero as set out in the technical report entitled “Fortuna Silver Mines Inc.: Lindero Property, Salta Province, Argentina” dated effective October 31, 2017 is forecast to increase to US$295 million, an increase of 20 percent over what was budgeted in the technical report; this amount does not include VAT which is expected to be recovered in the first 24 months from the start of mining operations. The technical report of the Lindero Project is available on SEDAR at www.sedar.com and on the Company’s website at https://fortunasilver.com/site/assets/files/4098/lindero-project-technical-report-effective-date-31-oct-2017.pdf.
In conjunction with OTP’s November 2, 2017 general rate case filing, OTP submitted an updated proposal to adjust the NDRRA rate to reflect updated costs and collections, as well as reflect a rate of return and capital structure level consistent with those proposed in the general rate case. The NDPSC approved the update to the NDRRA rate in conjunction with approving the rate case interim rates and the NDRRA rate increased from 7.005% to 7.756% with an effective date of January 1, 2018. A reset of the NDRRA rate to reflect the effect of the federal corporate tax rate reduction under the TCJA was approved on February 27, 2018, reducing the NDRRA rate to 7.493%, effective March 1, 2018.
DAVIES: Our guest is Will Hunt. He has written a new book about life underneath the earth. It’s called "Underground: A Human History Of The Worlds Beneath Our Feet." We’ll continue our conversation in just a moment. This is FRESH AIR.
WEST POINT – Northeast Community College in West Point will offer a new class soon on Natural Remedies for Cold and Flu Season.
Net working capital requirement: defined as working capital requirement net of provisions for inventories and trade receivables; net working capital requirement days are computed on an annualized quarterly sales basis.
Revenues at BTD increased $36.8 million, including increases of $33.8 million in parts revenue, including increased sales of $9.4 million to manufacturers of agricultural equipment, $7.8 million to manufacturers of recreational vehicles, $7.5 million to manufacturers of construction equipment, $4.6 million to manufacturers of industrial equipment, and $3.1 million to manufacturers of lawn and garden equipment. Included in the parts revenue increases is the pass through of higher material costs of $12.7 million, with the remaining increase due to higher sales volume and a $1.5 million increase in pricing unrelated to material cost increases. Revenues from scrap metal sales increased $2.3 million due to higher scrap volume from increased production and an 11% increase in scrap metal pricing.
DAVE DAVIES, BYLINE: Well, Will Hunt, welcome to FRESH AIR. You describe in this book getting interested in things under the ground. And being on a subway platform, and you see these two guys emerge from the tracks, like, with headlamps on. And they just walk up the stairs. Who were they? What was going on?
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In this table we provide the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.
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Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, February 19th. The basic materials company reported $1.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.17. Ternium had a return on equity of 24.04% and a net margin of 13.17%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts expect that Ternium SA will post 5.13 EPS for the current year.
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