Advanced Micro Devices Launches the Fastest and Most Powerful Graphics Card


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NYSE:AMD / NYSE:KGC / NYSE:ANR
04/09/2014 [ACCESSWIRE] On Apr. 8, Advanced Micro Devices Inc. (NYSE:AMD) launched what it describes as the world's fastest and most powerful graphics card: the AMD Radeon(TM) R9 295X2.

It is designed for ultra-enthusiasts at the apex of PC gaming, according to the Sunnyvale, Calif.-based semiconductor company.

Fast and Powerful

"Joining two AMD Radeon(TM) R9 Series GPUs in one card design, AMD Radeon R9 295X2 manhandles today’s and tomorrow’s games in maximum settings at 4K resolution(2)," the company said in a news release.

Heralding an industry first, the AMD Radeon R9 295X2 graphics card comes equipped with an advanced closed-loop, pre-assembled and maintenance-free liquid cooling system. Developed jointly with Asetek, a leading provider and designer of PC liquid cooling solutions, users can expect cool temperatures, quiet operation and consistent performance from the AMD Radeon R9 295X2 graphics card right out of the box.

On Apr. 8, AMD’s share price closed at $3.99, up 11 cents from its close of $3.88 the previous day, on volume of 17,342,268 shares.

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Kinross Gold Corp Releases Updated Technical Report for Tasiast Mine

In the mining sector, Kinross Gold Corp. (NYSE: KGC) stock volume soared Apr. 8, with 14,837,983 shares changing hands, substantially higher than its three-month average volume of 11,559,727 shares.

The Toronto-based gold-mining company recently filed an updated technical report for its Tasiast mine in Mauritania. The technical report incorporates updates with respect to the current Tasiast operations as well as comprehensive detailed supplemental disclosure regarding the recently announced feasibility study results for a Tasiast expansion and a resulting updated mineral resource and mineral reserve estimate.

Here are highlights of the feasibility study, based on a $1,350 per ounce gold price assumption, include the following estimates:

First five years (2018-2022):

·      Average annual production of 848,000 gold ounces.

·      All-in cost of $792 per ounce (1).

·      Cash costs of $501 per ounce.

·      $2.2 billion in free cash flow.

·      3.1 million ounce increase in estimated mineral reserves to 9.6 million ounces.

·      Initial capital expenditure of approximately $1.6 billion – compare with pre-feasibility estimate of $2.7 billion.

·      Internal rate of return (IRR) of approximately 17%, based on an expanded operation.

·      Net present value (NPV) of $1.2 billion after tax(2).

·      A substantial, positive increase in Mauritania's GDP, including $600 million in direct incremental contributions to the Government of Mauritania in taxes and royalties over the life of the mine.

On Apr. 8, KGC’s share price closed at $4.23, down 3 cents from its close of $4.26 the previous day.

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In other news, Alpha Natural Resources Inc. (NYSE: ANR) experienced robust stock volume Apr. 8, with 18,688,436 shares changing hands, significantly more than its three-month average volume of 11,497,156.

Abingdon, Va.-based Alpha Natural Resources Inc. is a supplier and exporter of metallurgical coal for use in the steel-making process and a major supplier of thermal coal to electric utilities and manufacturing industries across the country.

But there has been no news on the company since Mar. 5 when it announced that it had entered into a consent decree with the U.S. Environmental Protection Agency (EPA), U.S. Department of Justice (DOJ) and three states regarding claims under the Clean Water Act.

Ordered To Pay Out $27.5 Million in Civil Penalties

The consent decree resolves a complaint by the EPA and state agencies alleging that the company's mining affiliates in Kentucky, Pennsylvania, Tennessee, Virginia and West Virginia exceeded certain water discharge permit limits. The complaint did not allege that the exceedances posed a risk to human health.

As part of the consent decree, Alpha agreed to implement an integrated environmental management system and an expanded auditing/reporting protocol, that selenium and osmotic pressure treatment facilities will be installed at specific locations, and certain other measures. The consent decree also stipulates that Alpha will pay $27.5 million in civil penalties, to be divided among the federal government and state agencies.

On Apr. 8, ANR’s share price closed at $4.88, up 33 cents from its close of $4.55 the previous day.

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