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BTG

B2Gold

$2.74 /

-0.25 (-8.36%)

05:44
03/23/20
03/23
05:44
03/23/20
05:44

B2Gold provides update on operations, COVID-19 response plan

B2Gold announces that it is continuing with its comprehensive COVID-19 response plan and to date has not experienced any incidents of the COVID-19 virus at its sites or corporate offices. The company continues to operate its mines in Mali (Fekola) and Namibia (Otjikoto), with a temporary suspension of mining but continued milling at its mine in the Philippines (Masbate). In addition, the company is moving its ongoing expansion and development projects forward with certain restrictions and delays experienced by individual project. The company expects to meet or exceed its budgeted consolidated gold production for the first quarter of 2020. The Masbate Mine expects to meet its budgeted gold production estimate for the first quarter of 2020. Based on a temporary shortage of fuel, the Masbate Mine has temporarily suspended mining activities, however the mill is continuing to operate and process material from stockpiles. The temporary fuel shortage is due to new regulations imposed by the Philippine Government related to the COVID-19 virus to ensure that all materials, including fuel, arriving on Masbate island via transport are not contaminated with COVID-19. A key component of the new regulations relate to the screening and certification of the crews transporting the materials, in order to ensure that delivery of fuel and other essential supplies to Masbate Island can be appropriately certified for delivery. The Philippine Federal Government has also issued a Memorandum from the Executive Secretary on March 16, 2020, which states that essential supplies should be allowed to continue to be shipped. The company expects to provide an update on the Masbate Mine operations, including supply deliveries, later in the week. The current plan is for the mill at the Masbate Mine to continue to operate. The company's intention is to recommence mining once fuel supplies have been restored. The Fekola Mine continues to operate without impediments to mining or milling and expects to meet or exceed its budgeted gold production estimate for the first quarter of 2020. All supply lines remain open and the site continues to receive supplies critical to operating at full capacity. In addition, Fekola has also built up a significant reserve of stockpiles that it can comfortably process through the second quarter of 2020 without a significant change to its annual guidance. Barring any unforeseen work stoppages due to COVID-19, including consumable supply disruption, the company expects to meet its 2020 gold production and cost guidance at the Fekola Mine. The expansion of the Fekola mill continues and is expected to be completed by the end of the third quarter of 2020. The mining fleet expansion continues to perform well with the first 6040 excavator loading the five 789 trucks that were delivered to site ahead of schedule. The expansion of the tailings storage facility remains on schedule and will provide capacity for tailings disposal into 2023. The solar power plant construction continues but there is a possibility that some components may be delayed, primarily due to shipping delays, prior to startup of the solar plant in the third quarter of 2020. This delay will not impact the 2020 forecasted annual production at the Fekola Mine. The Otjikoto Mine expects to meet its budgeted gold production estimate for the first quarter of 2020. All supply lines remain open and the site continues to receive supplies critical to operating at full capacity. The Otjikoto Mine continues to operate without impediments to mining or milling and has a significant reserve of stockpiles that it can process through the second quarter of 2020 without a significant change to its annual guidance. Barring any unforeseen work stoppages due to COVID-19, including consumable supply disruption, the company expects to meet its 2020 gold production and cost guidance at the Otjikoto Mine. The underground project at Wolfshag is currently in the tender review process for underground mine development and could potentially be delayed if contractors cannot mobilize to site (scheduled for mid to late second quarter of 2020). The company does not expect that a delay to the underground project will have any impact on the 2020 or 2021 forecasted annual production at the Otjikoto Mine. At the Gramalote Project, the company has determined, with extensive consultation with the surrounding communities and the Colombian government, to suspend drilling off the Inferred Mineral Resource but will continue to progress the feasibility study where possible. The suspension of drilling has the potential to delay the completion of the Gramalote project feasibility study into the first quarter of 2021. Further to the company's news release dated March 18, the company has been monitoring the COVID-19 outbreak and the potential impact at B2Gold's operations since mid-February and has implemented several measures and introduced additional precautionary steps to manage and respond to the risks associated with the COVID-19 virus to ensure the safety of our employees and surrounding communities where we work while continuing to operate. This plan is continually being updated based on the severity of the pandemic in areas where we operate, the safety of our workforce, global response measures, government restrictions and extensive community consultation. Travel by B2Gold corporate personnel continues to be restricted to absolute minimum requirements, and employees in the corporate offices have been advised to work remotely, including the corporate office in Vancouver. At each of our mines in Mali, Namibia and the Philippines, and our development project in Colombia, we have implemented several control measures for dealing with the outbreak of COVID-19, including a severe restriction of access to site, pre-screening for symptoms and travel history with possible COVID-19 exposure for all employees, and mandatory quarantine periods for any new personnel having access to the site. The company's procedures will continue to evolve according to the World Health Organization and Center for Disease Control guidelines as more becomes known about the virus, and the company is regularly monitoring the situation and following local and national health authority requirements and recommendations. A critical care specialist has been consulting the company on the guidelines and global implementation. B2Gold continues to engage with local stakeholders to prevent the virus from entering the communities around our operations. Education programs are being put into place to protect the communities by promoting hygienic practices and limiting social interactions in an effort to prevent the spread of the virus.

BTG B2Gold
$2.74 /

-0.25 (-8.36%)

01/10/20 TD Securities
B2Gold upgraded to Action List Buy from Buy at TD Securities
12/04/19 RBC Capital
B2Gold assumed with an Outperform at RBC Capital

TODAY'S FREE FLY STORIES

Conference/Events
Applied Therapeutics participates in a conference call with Baird » 16:50
04/04/20
04/04
16:50
04/04/20
16:50
APLT

Applied Therapeutics

$31.86 /

+0.8 (+2.58%)

Conference call with…

Conference call with management will be held on April 7 at 1:30 pm hosted by Baird.

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Conference/Events
Aveo Pharmaceuticals participates in a conference call with Baird » 16:46
04/04/20
04/04
16:46
04/04/20
16:46
AVEO

Aveo Pharmaceuticals

$3.45 /

-0.22 (-5.99%)

Conference call with…

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Conference/Events
Esperion participates in a conference call with Credit Suisse » 16:13
04/04/20
04/04
16:13
04/04/20
16:13
ESPR

Esperion

$30.93 /

-2.13 (-6.44%)

Conference call with…

Conference call with management will be held on April 9 at 11 am hosted by Credit Suisse.

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Conference/Events
Credit Suisse financial service analyst to hold analyst/industry conference call » 16:10
04/04/20
04/04
16:10
04/04/20
16:10

Financial Services…

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Conference/Events
Credit Suisse aero/defense analysts to hold an analyst/industry conference call » 16:07
04/04/20
04/04
16:07
04/04/20
16:07

Aerospace & Defense…

Aerospace & Defense Analysts discuss the aviation crisis with an aviation expert, Matt Pfeifer, on an Analyst/Industry conference call to be held on April 6 at 10:30 am.

Conference/Events
Credit Suisse auto/auto service analyst to hold analyst/industry conference call » 16:05
04/04/20
04/04
16:05
04/04/20
16:05

Automotive/Automotive…

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Conference/Events
Lowe's participates in a conference call with Credit Suisse » 14:18
04/04/20
04/04
14:18
04/04/20
14:18
LOW

Lowe's

$82.04 /

-0.97 (-1.17%)

Consumer Services Analyst…

Consumer Services Analyst Sigman holds a conference call with President & CEO Ellison and CFO Denton on April 8 at 4 pm hosted by Credit Suisse. Webcast Link

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Conference/Events
Immunomedics to host conference call » 14:11
04/04/20
04/04
14:11
04/04/20
14:11
IMMU

Immunomedics

$9.39 /

-1.25 (-11.75%)

Management to provide a…

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Conference/Events
Roth Capital biotech analysts to hold an analyst/industry conference call » 11:15
04/04/20
04/04
11:15
04/04/20
11:15

Biotech Analysts, along…

Biotech Analysts, along with Dr. Juan Frias, discuss Non-Alcoholic SteatoHepatitis (NASH) on an Analyst/Industry conference call to be held on April 3 at 12 pm.

Periodicals
Battle between Mack-Call, activist investor only heating up, Barron's says » 10:13
04/04/20
04/04
10:13
04/04/20
10:13
CLI

Mack-Cali Realty

$13.86 /

-0.41 (-2.87%)

The coronavirus pandemic…

The coronavirus pandemic has put some proxy battles on ice, but the duel between real-estate investment trust Mack-Cali Realty and activist investor Bow Street is only heating up, Carleton English writes in this week's edition of Barron's. Mack-Cali has announced that it doesn't plan to renominate four Bow Street-nominated directors. The REIT claimed the four, who joined after a proxy contest with Bow Street last year, "sought to advance Bow Street's self-interested agenda," which it claims includes a "fire sale" of the company's properties, which Bow Street denies. English does not see this fight winding down soon. Reference Link

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Periodicals
J&J, Chevron among names with safe dividends for now, Barron's says » 10:04
04/04/20
04/04
10:04
04/04/20
10:04
TROW

T. Rowe Price

$95.02 /

-2.13 (-2.19%)

, PG

Procter & Gamble

$115.10 /

+0.68 (+0.59%)

, MDT

Medtronic

$86.17 /

+0.02 (+0.02%)

, KMB

Kimberly-Clark

$130.02 /

+0.58 (+0.45%)

, JNJ

Johnson & Johnson

$134.13 /

+1.05 (+0.79%)

, HRL

Hormel Foods

$48.37 /

+0.72 (+1.51%)

, CVX

Chevron

$75.15 /

-1.07 (-1.40%)

, ABT

Abbott

$79.50 /

+0.075 (+0.09%)

Among the 64 S&P 500…

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Periodicals
Internet doing just fine during pandemic, Barron's says » 09:52
04/04/20
04/04
09:52
04/04/20
09:52
VZ

Verizon

$54.72 /

-0.52 (-0.94%)

, T

AT&T

$27.46 /

-1.305 (-4.54%)

, CMCSK

Comcast

$0.00 /

+ (+0.00%)

, CMCSA

Comcast

$33.94 /

-0.43 (-1.25%)

, NFLX

Netflix

$361.76 /

-8.37 (-2.26%)

, AMZN

Amazon.com

$1,905.33 /

-11.69 (-0.61%)

, AAPL

Apple

$241.43 /

-3.27 (-1.34%)

With everyone stuck…

With everyone stuck working and studying from home, Americans have become sensitive to any news about internet slowdowns, Eric Savitz writes in this week's edition of Barron's. Last month, European Union Commissioner Thierry Breton tweeted that everyone should all stream video in lower-quality standard definition in order to "secure Internet access for all." In response, Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX), and Google's YouTube all announced plans to reduce their video streaming quality in Europe, the author notes. The good news is that U.S. networks are handling the traffic spikes without any major hiccups, with Comcast (CMCSA), the largest U.S. internet service provider, saying that its network is working well, with tests done 700,000 times a day through customer modems showing average speeds running 110% to 115% of contracted rates. AT&T (T), the No. 2 U.S. internet service provider, likewise asserts that its network is performing "very well" during the pandemic, Savitz adds, while Verizon (VZ) also saying its network is handling the traffic well. Reference Link

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Periodicals
Google, Facebook can't save advertising industry this time, Barron's says » 09:21
04/04/20
04/04
09:21
04/04/20
09:21
GOOGL

Alphabet Class A

$1,092.51 /

-24.78 (-2.22%)

, GOOG

Alphabet

$1,097.93 /

-25.87 (-2.30%)

, TWTR

Twitter

$23.08 /

+0.07 (+0.30%)

, FB

Facebook

$154.19 /

-3.92 (-2.48%)

Across the media…

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On The Fly
Week in Review: How Trump's policies moved stocks » 07:29
04/04/20
04/04
07:29
04/04/20
07:29
XOM

Exxon Mobil

$39.20 /

-1.19 (-2.95%)

, CVX

Chevron

$75.15 /

-1.07 (-1.40%)

, NBL

Noble Energy

$6.17 /

-0.12 (-1.91%)

, XEC

Cimarex Energy

$16.85 /

+0.4 (+2.43%)

, FANG

Diamondback Energy

$31.58 /

+2.53 (+8.71%)

, RDS.A

Royal Dutch Shell

$36.24 /

-2.78 (-7.12%)

, RDS.B

Royal Dutch Shell

$34.42 /

-2.36 (-6.42%)

, DVN

Devon Energy

$8.38 /

+0.59 (+7.57%)

, BP

BP

$24.72 /

-1.32 (-5.07%)

, COP

ConocoPhillips

$32.90 /

-0.945 (-2.79%)

, MRO

Marathon Oil

$3.65 /

+0.195 (+5.65%)

, BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, WFC

Wells Fargo

$26.23 /

-0.98 (-3.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, MMM

3M

$133.90 /

-3.96 (-2.87%)

, VMC

Vulcan Materials

$99.66 /

-7.52 (-7.02%)

, EXP

Eagle Materials

$49.80 /

-4.32 (-7.98%)

, GVA

Granite Construction

$14.13 /

-1.4 (-9.01%)

, NUE

Nucor

$35.63 /

-0.38 (-1.06%)

, PWR

Quanta Services

$30.56 /

-0.07 (-0.23%)

, J

Jacobs

$78.99 /

-2.26 (-2.78%)

, MLM

Martin Marietta

$169.65 /

-11.07 (-6.13%)

, DDAIF

Daimler AG

$0.00 /

+ (+0.00%)

, FCAU

Fiat Chrysler

$6.73 /

-0.07 (-1.03%)

, F

Ford

$4.24 /

-0.105 (-2.42%)

, GM

General Motors

$18.03 /

-0.15 (-0.83%)

, HMC

Honda

$19.85 /

-1.05 (-5.02%)

, NSANY

Nissan

$0.00 /

+ (+0.00%)

, TSLA

Tesla

$479.71 /

+25.715 (+5.66%)

, TM

Toyota

$115.08 /

-2.71 (-2.30%)

, VWAGY

Volkswagen

$0.00 /

+ (+0.00%)

Catch up on the top…

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Conference/Events
Roth Capital biotech analysts to hold an analyst/industry conference call » 04:55
04/04/20
04/04
04:55
04/04/20
04:55

Biotech Analysts, along…

Biotech Analysts, along with Dr. Juan Frias, discuss Non-Alcoholic SteatoHepatitis (NASH) on an Analyst/Industry conference call to be held on April 3 at 12 pm.

Periodicals
Bayer terminated Roundup weedkiller draft settlement, WSJ reports » 18:41
04/03/20
04/03
18:41
04/03/20
18:41
BAYRY

Bayer

$0.00 /

+ (+0.00%)

Bayer extended talks on…

Bayer extended talks on the settlement through April, WSJ reports.

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Hot Stocks
Commvault adopts limited duration shareholder rights plan » 18:40
04/03/20
04/03
18:40
04/03/20
18:40
CVLT

Commvault

$38.31 /

-0.05 (-0.13%)

Commvault announced that…

Commvault announced that its Board of Directors has adopted a limited duration shareholder rights plan. The Rights Plan expires on April 1, 2021. Pursuant to the Rights Plan, the company is issuing one right for each share of common stock outstanding at the close of business on April 13, 2020. The rights will become exercisable only if an entity, person or group acquires beneficial ownership of 10% or more of the company's common stock, or 20% in the case of certain passive investors. Any person or group owning above the applicable threshold at the time of public announcement of the Rights Plan will cause the rights to become exercisable only if the person or group acquires beneficial ownership of additional common stock. When the rights become exercisable, each holder of a right will be entitled to purchase, at the then-current exercise price (which was initially set at $200.00 per right), additional shares of common stock having a value of twice the exercise price of the right (a 50% discount). Rights held by any entity, person or group whose actions trigger the Rights Plan, and those of certain related parties, would become void. Prior to the rights becoming exercisable, the rights are redeemable for $0.01 per right at the option of the Board.

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Periodicals
Southwest applies for U.S. grant to cover employee costs, Bloomberg says » 18:37
04/03/20
04/03
18:37
04/03/20
18:37
LUV

Southwest

$30.53 /

-0.97 (-3.08%)

The company is seeking…

The company is seeking talks on aid terms over the next few days and is evaluating all sources of capital, Bloomberg reports.

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Hot Stocks
Two Harbors estimates book value 'has not changed materially' » 18:31
04/03/20
04/03
18:31
04/03/20
18:31
TWO

Two Harbors

$2.42 /

-0.985 (-28.97%)

Two Harbors provided the…

Two Harbors provided the following updates with respect to its business, through the close of business on April 3. "As a result of our portfolio management decisions in recent weeks, our liquidity position remains quite strong. We continue in our efforts to be prudent risk managers and are confident that we will continue to be in a position to meet margin calls in the ordinary course of our business. Previously we reported that we completed the sale of substantially all of our non-Agency portfolio; subsequent to that, we have sold additional non-Agency securities reducing that exposure to a de minimis level. With the disposition of this position, we have eliminated the risk of outsized margin calls and ongoing funding concerns associated with the significant widening on these assets. The repo markets for Agency RMBS continue to function well and we have experienced no issues in accessing this source of funding. The actions taken by the Federal Reserve to purchase Agency RMBS have been successful in stabilizing the market and our portfolio has benefitted from the resulting spread tightening. We are encouraged by the continued focus by the Treasury, Federal Reserve, FHFA and other governmental agencies on servicing advance issues that will be attendant to the mortgage loan forbearance programs announced in connection with the CARES Act. As the servicer of record for the MSR assets in our portfolio, we are responsible for continuing to advance principal, interest, taxes and insurance on mortgage loans that are in forbearance, delinquency or default. Although the potential aggregate size of the servicing advance obligations is not known, at this time we believe that we will be well positioned from a liquidity standpoint to continue to make servicing advances in the future. This is a situation that we are monitoring closely. We estimate that our book value has not changed materially since our last company update."

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Hot Stocks
Constellation Brands CEO: People buy brands they trust in tough times » 18:29
04/03/20
04/03
18:29
04/03/20
18:29
STZ

Constellation Brands

$132.00 /

+1.99 (+1.53%)

, STZ.B

Constellation Brands; also tag STZ

$130.00 /

+3 (+2.36%)

, CGC

Canopy Growth

$13.23 /

-0.56 (-4.06%)

In an interview on…

In an interview on CNBC's Mad Money, Bill Newlands said, "We have a lot of brands people trust, and that is what they go to in tough times. The work we're doing is all about branding." He noted that seltzer is "off to a great start," and they are "very excited" about its success. Newlands is seeing channel shifting, more buying online. He thinks Modelo is "just scratching the surface" in terms of its potential. He finished by noting, "We had our best year ever in cash flow. March has been great, but its unchartered waters."

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Hot Stocks
United Airlines cuts ~80% of capacity for April, sees larger cuts in May » 18:16
04/03/20
04/03
18:16
04/03/20
18:16
UAL

United Airlines

$22.89 /

-0.53 (-2.26%)

In a regulatory filing,…

In a regulatory filing, the company said, "United Airlines has continued to experience a material decline in demand for both international and domestic travel resulting from the spread of coronavirus. As of March 31, 2020, over 270 million people in the United States in at least 33 states, the District of Columbia and Puerto Rico were under instructions to stay home or "shelter in place," and to avoid any non-essential travel. The company has cut approximately 80% of its capacity for April, with passenger load factors expected to fall into the teens or single digits during that time frame, and currently expects to make even larger capacity cuts in May 2020. The company plans to proactively evaluate and cancel flights on a rolling 90-day basis until it sees signs of a recovery in demand. As of the date of this report, the company is estimating a loss of revenue of over $100 million per day in March 2020 compared to the prior period, and the company is estimating for planning purposes a reduction in revenue of at least 30% for the fourth quarter of 2020 compared to the prior period."

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Periodicals
Zoom to make waiting room feature turn on by default, CNBC says » 18:04
04/03/20
04/03
18:04
04/03/20
18:04
ZM

Zoom Video

$128.08 /

+6.24 (+5.12%)

Zoom said in an email…

Zoom said in an email that, beginning Sunday, its waiting room feature will be turned on by default, meaning that the meeting organizer will be able to control which participants can enter a videoconference, CNBC's Ari Levy and Jordan Novet report. "The Waiting Room is just like it sounds: It's a virtual staging area that prevents people from joining a meeting until the host is ready," the email said. Reference Link

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Hot Stocks
Anworth Mortgage estimates book value down ~ 40% at March 31 » 18:03
04/03/20
04/03
18:03
04/03/20
18:03
ANH

Anworth Mortgage

$0.84 /

-0.1452 (-14.80%)

The company said,…

The company said, "We estimate that our book value per common share at March 31, 2020 is down approximately 40% in the current quarter, to approximately $2.75 per share. Including our three series of preferred shares, the book value of our combined common and preferred stock has declined by approximately 32%. Anworth has reduced its Non-Agency repurchase agreement borrowings to approximately $270 million at March 31, 2020 through the sales of Non-Agency MBS, down from $428 million at December 31, 2019. Additional sales of Non-Agency MBS that we have made after March 31, 2020 are expected to further reduce our Non-Agency repurchase agreement borrowings to approximately $180 million. Agency MBS sales and principal payments have enabled the reduction of Agency MBS repurchase agreement borrowings to approximately $2.2 billion at March 31, 2020, enabling Anworth to build additional liquidity as well as reducing our leverage during this period of increased market volatility. Anworth has met all margin calls from its lenders and counterparties as of April 3, 2020. At March 31, 2020, Anworth's cash and unpledged Agency MBS assets were in excess of $130 million. We expect to make an announcement this month regarding our common stock dividend relative to the first quarter of 2020. We do anticipate that the payment date for such a dividend will be later than April 29, 2020, which would have been its routine payment date."

Periodicals
Avolon cancels order for 75 Boeing MAX aircraft, 4 Airbus jets, Reuters reports » 18:02
04/03/20
04/03
18:02
04/03/20
18:02
BA

Boeing

$124.59 /

+1.38 (+1.12%)

, EADSY

Airbus

$0.00 /

+ (+0.00%)

Avolon said it has…

Avolon said it has terminated an order for 75 Boeing (BA) MAX jets that were scheduled to be delivered by 2023 as it adjusts its order book to the sector disruption caused by the COVID-19 pandemic, Reuters reports. The company also cancelled commitments for four Airbus (EADSY) A330neo planes and deferred delivery dates for an additional 25 narrowbody jets to 2024 and beyond, the report notes. Reference Link

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AptarGroup requests FDA EUA for N95 masks with ActivShield » 17:59
04/03/20
04/03
17:59
04/03/20
17:59
ATR

AptarGroup

$94.37 /

-1.16 (-1.21%)

AptarGroup is seeking…

AptarGroup is seeking U.S. FDA Emergency Use Authorization for a solution that allows easy disinfecting of N95 filtering facepiece respirators. The N95 masks are desperately needed by healthcare personnel due to the shortage of disposable masks during the COVID-19 pandemic, the company said. Aptar has submitted its safety and effectiveness data to the FDA for EUA review. The company is working to provide approximately four million ActivShield strips per week and is working to expand its production capacity with the intent to deliver ten million per week by the end of April. "We are extremely encouraged by the promising data generated so far and are eager to deliver this technology to the front line and support the fight against the pandemic," said John Belfance, President of Aptar CSP Technologies. If the FDA approves the EUA, then ActivShield will immediately become available for this important use, the company said.

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