Tuesday, August 23, 2016

2017 Audi R8 V10

The 2017 Audi R8 V10 sports a 318 cu in, 5204 cc engine developing 610 hp @ 8250 rpm and 413 lb-ft @ 6500 rpm. Power is delivered to a 7-speed dual-clutch automatic with manual shifting mode.
Zero to 60 mph is 3.1 seconds on the way to a top speed around 205 mph. The DOHC 40-valve V-10 engine has aluminum block and heads, port and direct fuel injection. It's a high-revving masterpiece with selective cylinder deactivation and a 8700-rpm redline.

Estimated Base Price for the 2017 Audi R8 V10 will be something around $ 185,000 USD

Bank of Montreal - BMO.t

Bank of Montreal - BMO.t is a highly diversified financial services provider based in North America. With total assets of $537 billion and approximately 45,500 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers.

In the United States, BMO serves customers through BMO Harris Bank.

On August 23, 2016 the company reported NUMBERS

"For the third quarter ended July 31, 2016, BMO Financial Group (TSX:BMO)(NYSE:BMO) reported net income of $1,245 million or $1.86 per share on a reported basis and net income of $1,295 million or $1.94 per share on an adjusted basis.

Financial Results Highlights:

Third Quarter 2016 Compared with Third Quarter 2015:

- Net income of $1,245 million, up 4%; adjusted net income(1) of $1,295 million, up 5%
- EPS(2) of $1.86, up 3%; adjusted EPS(1, 2) of $1.94, up 4%
- ROE of 13.0%, compared with 13.6%; adjusted ROE(1) of 13.5%, compared with 14.0%
- Provisions for credit losses of $257 million, compared with $160 million
- Basel III Common Equity Tier 1 Ratio of 10.5%

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $3,286 million, up 3%; adjusted net income(1) of $3,625 million, up 6%
- EPS(2) of $4.90, up 3%; adjusted EPS(1, 2) of $5.42, up 6%
- ROE of 11.4%, compared with 12.3%; adjusted ROE(1) of 12.6%, compared with 13.2%
- Provisions for credit losses of $641 million, compared with $484 million


Monday, August 22, 2016

'Gold Rush' for Italy's Tuscan truffle hunters

Truffles grow only in a few places in the worldWe are in the Tuscan town of San Miniato for the "gold rush," when the Italian white truffle comes into season. Truffles grow underground, close to the roots of oak, hazel, poplar and beech trees.

It's this rarity that makes it so prized. Truffles are one of the world's most expensive foods and the Italian white is the most valuable, with a market price of up to €4,000 ($4,400) per kilo.
The San Miniato Hills, with their mild Tuscan climate and soil rich in mineral salts, are the perfect breeding ground for top-quality truffles -- as well as the wine and olive oil for which the region is world famous.

There are 63 types of truffle found worldwide. But Tuscany's "King Truffle" is the most prized of them all.
San Miniato is on the ancient Via Francigena pilgrim route that stretches from Canterbury, England, to Rome. Today's pilgrims come for the annual truffle festival held here during the last three weekends in November, when the normally sleepy town fills with life.

White truffle season lasts from October to late December or early January. A truffle can be stored, wrapped in paper in the fridge, but only for up to 10 days.

It's a 25-gram golden-brown beauty, worth up to $100.
Salvatore Cucchiara kneels down to unearth a truffle, brushing at the soil with his fingers with the care of an archeologist.

First Majestic Silver Corp - FR.t

First Majestic Silver Corp - FR.t is focused on silver production in Mexico. The Company owns and operates six producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver Mine.

Production is anticipated to be between 12.0 to 13.3 million ounces of pure silver or 17.8 to 19.8 million ounces of silver equivalents in 2016.

On August 10, 2016 the company released Numbers

SECOND QUARTER 2016 Highlights
•Silver equivalent production of 4.7 million ounces, representing a 23% increase compared Q2 2015.
•Silver production of 2.8 million ounces, representing a 5% increase compared to Q2 2015.
•Revenues totaled $66.1 million, representing a 22% increase compared to Q2 2015, primarily due to a 23% increase in total production.
•Realized average silver price was $17.01, relatively unchanged compared $16.99 in Q2 2015.
•Operating cash flows before working capital and taxes of $23.5 million or $0.15 per share (non-GAAP).
•Mine operating earnings of $9.9 million compared to $3.4 million in Q2 2015.
•Net earnings of $6.1 million (EPS of $0.04) compared to a loss of $2.6 million (loss per share of $0.02) in Q2 2015.
•All-in sustaining costs (“AISC”) of $10.97 per payable silver ounce, representing a 24% reduction compared to Q2 2015.
•Completed CAD$57.5 million equity financing allowing the Company to accelerate future growth projects.
•Cash and cash equivalents totaled $108.2 million at the end of the quarter, representing a $46.5 million increase compared to the previous quarter.
•Increased 2016 capital budget by $20.9 million to expand the underground development and exploration program, including over 46,000 metres of additional diamond drilling.