Friday, October 28, 2016

Guyana Goldfields Inc - GUY.t

Guyana Goldfields Inc - GUY.t flagship is the Aurora Gold Project in Guyana which achieved first gold production in August 2015. The Company has been operating in Guyana continuously since 1996.

The Company expects 2016 production of between 130-150k ozs at AISC around $ 661 per oz.

On May 9, 2016 the company released News

Guyana Goldfields Inc. (TSX:GUY) (“Guyana”) is pleased to announce that it has closed the previously announced exercise of the over-allotment option by the underwriters and issued an additional 1,500,000 common shares at C$9.40 per share to raise additional aggregate gross proceeds of C$14,100,000. The common shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by BMO Capital Markets, Scotiabank and RBC Capital Markets and including Cormark Securities Inc. and TD Securities Inc.

Thursday, October 27, 2016

Bugatti Chiron - World's Fastest Production Car

The Bugatti Chiron holds the title of the world’s fastest production car. With an 8.0-litre quad-turbo W-16 that churns out 1,480 horsepower, the Chiron is claimed to reach a top speed electronically limited to 420 km/h (261 mph)

The engine, which employs two-stage turbocharging, channels some 1,180 lb-ft of torque through its seven-speed dual-clutch transmission to all four wheels. Zero-to-100 km/h figure is estimated at 2.5 seconds.
The limit on the top speed is designed to keep the tires from shredding into dust, but unrestricted the Chiron could go as fast as 461 km/h (287 mph). The price for the Bugatti Chiron starts at a trifling 2.4 million Euro.
Its W16 engine is based on its Veyron predecessor, but it comes with new internals. Its four turbochargers are each 30 percent larger, and work in two stages: two spool up when the Chiron launches, and the other two only kick in above 3,800 rpm.

All pieces are cooled by some 10 radiators, though brake cooling is helped in part a hydraulic flap by the front axle, which also lowers drag. There’s also a four-position spoiler out back which can act as an airbrake during deceleration; and an adaptive suspension system to raise or lower the car for optimal aerodynamics.

Louis Chiron was a French racer that had the highest number of podiums with Bugatti cars, hence the hommage.

Suncor Energy Inc. - SU.t

Suncor Energy Inc. - SU.t produces oil, natural gas, wind-generated electricity and ethanol. Oil sands operations are the focus of Suncor’s business.

The company operates a network of 1,500 Petro-Canada retail and wholesale outlets across Canada and a network of retail sites under the Shell and Phillips 66 brands in Colorado.

On October 26, 2016 the company released Numbers

"Highlights of the third quarter of 2016 include:
  • Cash flow from operations of $2.025 billion ($1.22 per common share) driven by increased Oil Sands production, lower operating costs at Oil Sands operations and record refinery crude throughput.
  • Operating earnings of $346 million ($0.21 per common share) and net earnings of $392 million ($0.24 per common share), including a Refining and Marketing (R&M) first-in, first-out (FIFO) loss of $86 million.
  • Oil Sands assets successfully returned to normal production rates following the forest fire shut-in during the second quarter of 2016, resulting in strong Oil Sands operations production of 433,700 barrels per day (bbls/d).
  • Oil Sands operations cash operating costs per barrel decreased to $22.15 for the third quarter of 2016, an 18% reduction versus the prior year quarter and the lowest in over a decade.
  • Syncrude production increased to 183,800 bbls/d from 28,100 bbls/d in the prior year quarter, as a result of additional working interests acquired in 2016, combined with improved upgrader reliability. Cash costs per barrel (bbl) at Syncrude decreased to $27.65 from $41.65 in the prior year quarter.
  • Refinery crude throughput improved to a record 465,600 bbls/d and operating expenses decreased to $4.55/bbl.
  • Participation agreements signed with the Fort McKay and Mikisew Cree First Nations for the sale of a combined 49% interest in the East Tank Farm Development for estimated proceeds of almost $500 million.