|By PR Newswire||
|March 3, 2014 10:44 PM EST||
TORONTO, March 4, 2014 /PRNewswire/ --
AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") reports financial results for the three and twelve months ended December 31, 2013. The Company will host a conference call on Tuesday, March 4, 2014 beginning at 8:30 a.m. Eastern Time (details below). (All amounts are in U.S. dollars, unless otherwise indicated)
For the fourth quarter, the Company reported the following results:
- Revenues of $50.8 million
- Operating cash flow before changes in working capital(1) of $17.5 million, or $0.07 per share
- Adjusted net loss(1) of $5.5 million, or $0.02 per share
- Net loss of $106.4 million, or $0.43 per share, including non-cash impairment charges and net realizable value adjustments of $71.7 million, or ($0.29) per share, net of taxes
- Production of 49,526 gold ounces(2)
- Cash costs of $771 per gold ounce(3)
- All-in sustaining costs of $1,232 per gold ounce(3)
For the full year, the Company reported the following results:
- Revenues of $227.6 million
- Operating cash flow before changes in working capital(1) of $78.1 million, or $0.31 per share
- Adjusted net earnings(1) of $13.1 million, or $0.05 per share
- Net loss of $176.8 million, or $0.71 per share, including non-cash impairment charges and net realizable value adjustments of $171.4 million, or ($0.68) per share, net of taxes
- Production of 192,602 gold ounces(2)
- Cash costs of $676 per gold ounce(3)
- All-in sustaining costs of $1,181 per gold ounce(3)
(1) See the table at the end of this press release for a reconciliation of adjusted net earnings and adjusted operating cash flow and refer to the discussion of Non-GAAP measures below. (2) Includes 3,509 pre-production gold ounces produced at Young-Davidson during the three months ended December 31, 2013. (3) Total cash costs per gold ounce and all-in sustaining costs per gold ounce have been presented prior to inventory net realizable value adjustments. See the discussion of Non-GAAP measures provided below.
2013 Operational Results First Second Third Fourth Quarter Quarter Quarter Quarter March June Sept. Dec. Year-End 31/13 30/13 30/13 31/13 Dec. 31/13 Gold Ounces Produced 46,170 48,003 48,903 49,526 192,602 Total Cash Costs per oz., $635 $655 $628 $771 $676 All-in Sustaining Costs per oz. $1,090 $1,189 $1,210 $1,232 $1,181
1. Prior to commissioning the underground mine at Young-Davidson, cash costs were calculated on ounces produced from the open pit only. All underground costs were capitalized, and any revenue related to underground ounces sold was credited against capital. Subsequent to the declaration of commercial production in the underground mine, cash costs are calculated on ounces produced from both the open pit and underground mines, and revenue related to the sale of underground ounces is recognized in the Company's Statement of Operations as revenue. 2. Cash costs, prior to inventory net realizable value adjustments. See the Non-GAAP Measures section on page 23 of the Management's Discussion and Analysis for the year ended December 31, 2013. 3. Includes pre-production gold ounces from the Young-Davidson underground mine prior to the declaration of commercial production on October 31, 2013.
- Commercial production of the underground mine was declared on October 31, 2013, following the commissioning of the shaft hoisting system, which will facilitate significant increases in underground productivities and ongoing unit operating cost improvements.
- During the fourth quarter, the Company averaged 2,590 tpd from the Young-Davidson underground mine (approx. 3,000 tpd in November and December), exceeding the year-end targeted level of 2,000 tpd. Underground productivity for the first quarter of 2014 is expected to remain in-line with overall fourth quarter levels (approx. 2,500 tpd) and increase steadily throughout the remainder of the year to reach a productivity target of 4,000 tpd by the end of the year.
- During the first two months of commercial production, underground unit mining costs were approximately $39 per tonne and are expected to average approximately $45 per tonne in Q1 2014, which reflects the inclusion of paste fill operations following the recent commissioning of paste backfill plant. Unit costs are expected to decrease steadily throughout the year, corresponding with planned quarter-over-quarter increases in underground productivity.
- The Company recently received the necessary permits to increase the daily processing limit of the Young-Davidson mill facility to 10,000 tonnes per day from the previous 8,000 tonnes per day. While the mill facility is expected to average between 7,000 and 7,500 tonnes per day in 2014, this future increase in throughput capacity will provide considerable flexibility as the mine continues ramping up to its target of 8,000 tonnes per day at the end of 2016. This productivity upgrade provides organic growth optionality that could permit early treatment of the longer term stockpile inventory, which could potentially enhance our future cash flow profile.
"The Company has reported solid results for 2013 that are in-line with market expectations and with the fourth quarter representing the sixth consecutive quarter of company-wide production growth. As we start 2014, both assets are performing at, or above, expected levels and this gives us confidence that the first quarter will represent the seventh consecutive quarter of company-wide production growth, a trend that we expect to continue throughout the year," stated Scott Perry, President and Chief Executive Officer. He continued, "At our cornerstone Young-Davidson mine we are well positioned for long-term success. We have declared underground commercial production, and completed construction activities such that all required infrastructure is currently in place. Our focus in 2014 will be to continue ramping-up underground productivity and advancing underground development at Young-Davidson to secure reliable, sustainable and profitable production growth going forward."
Managing Long-Term Liquidity
The Company is fortunate to be well positioned with a quality asset base, a growing production profile and a strong liquidity position that provides the Company with access to a number of shareholder friendly, non-dilutive debt financing options. The Company intends to issue longer dated term debt to enhance our balance sheet, repay existing debt, bolster our already strong liquidity position, and to secure additional flexibility to pursue future organic growth opportunities at our cornerstone Young-Davidson operation.
Operational Highlights - Continuing Operations
(in thousands, except ounces, average realized prices and total cash costs) Young-Davidson El Chanate Quarter Ended Quarter Ended Quarter Ended Quarter Ended December December December December 31, 2013 31, 2012 31, 2013 31, 2012 Gold ounces produced 29,597 19,236 16,420 14,782 Pre-production gold ounces produced(3) 3,509 7,127 - - Total gold ounces produced 33,106 26,363 16,420 14,782 Total cash costs per gold ounce(1)(2)(3) $850 $744 $615 $520 Revenue from mining operations $31,420 $38,425 $19,362 $24,694 Average realized gold price per ounce $1,261 $1,722 $1,251 $1,717 (in thousands, except ounces, average realized prices and total cash costs) Young-Davidson El Chanate Year Ended Year Ended Year Ended Year Ended December December December December 31, 2013 31, 2012 31, 2013 31, 2012 Gold ounces produced 89,236 29,139 71,864 71,145 Pre-production gold ounces produced(3) 31,502 26,999 - - Total gold ounces produced 120,738 56,138 71,864 71,145 Total cash costs per gold ounce(1)(2)(3) $744 $708 $592 $462 Revenue from mining operations $124,439 $45,492 $103,192 $118,130 Average realized gold price per ounce $1,395 $1,728 $1,395 $1,676
Total (in thousands, except ounces, average realized prices and total Quarter Ended Quarter Ended cash costs) December 31, 2013 December 31, 2012 Gold ounces produced 46,017 34,018 Pre-production gold ounces produced(3) 3,509 7,127 Total gold ounces produced 49,526 41,145 Total cash costs per gold ounce(1)(2)(3) $771 $650 Revenue from mining operations $50,782 $63,119 Average realized gold price per ounce $1,257 $1,720 Total (in thousands, except ounces, average realized prices and total Year Ended Year Ended cash costs) December 31, 2013 December 31, 2012 Gold ounces produced 161,100 100,284 Pre-production gold ounces produced(3) 31,502 26,999 Total gold ounces produced 192,602 127,283 Total cash costs per gold ounce(1)(2)(3) $676 $536 Revenue from mining operations $227,631 $163,622 Average realized gold price per ounce $1,395 $1,690
Financial Highlights - Continuing Operations
Quarter Ended Quarter Ended (in thousands, except per share December 31, December 31, amounts) 2013 2012(2) Adjusted net (loss) / earnings(1) ($5,484) $13,505 Adjusted net (loss) / earnings per share, basic(1) ($0.02) $0.05 Net loss ($106,412) ($135,142) Net loss per share, basic ($0.43) ($0.48) Adjusted operating cash flow(1) $17,508 $30,426 Year Ended Year Ended (in thousands, except per share December 31, December 31, amounts) 2013 2012(2) Adjusted net earnings(1) $13,052 $16,903 Adjusted net earnings per share, basic(1) $0.05 $0.06 Net loss ($176,770) ($99,779) Net loss per share, basic ($0.71) ($0.35) Adjusted operating cash flow(1) $78,079 $37,142
(1) See the tables at the end of this press release for a reconciliation of adjusted net earnings and adjusted operating cash flow and refer to the discussion of Non-GAAP measures below. Total cash costs per gold ounce have been presented prior to inventory net realizable value adjustments. The Company has restated adjusted net earnings for 2012. (2) Certain comparative information has been restated as a result of the adoption of IFRIC 20, Stripping Costs in the Production Phase of a Surface Mine, which was applied prospectively to production stripping costs incurred on or after January 1, 2012. For further details, refer to the Critical Accounting Estimates, Policies and Changes section on page 30 in the Company's Management's Discussion & Analysis or note 3(a) to the Company's consolidated financial statements for the year ended December 31, 2013. (3) The Young-Davidson open pit mine declared commercial production on September 1, 2012, and is therefore excluded from cash costs prior to this date. The Young-Davidson underground mine declared commercial production on October 31, 2013, and is therefore excluded from cash costs prior to this date. Pre-production ounces produced are excluded from consolidated ounces produced as these ounces are credited against capitalized project costs when sold.
Adjusted Net Earnings Reconciliation
Quarter Quarter (in thousands, except per share metrics) Ended Ended December December 31, 2013 31, 2012 Net loss from continuing operations ($106,412) ($135,142) Adjustments: Deferred income tax expense related to foreign exchange $19,781 $629 Foreign exchange gain (3,732) (2,298) Net realizable value adjustments on inventory 37,196 - Impairment charges 59,886 127,000 (Gain) / loss on option component of convertible notes (772) 6,186 Unrealized loss on investments - 17,778 Unrealized loss on derivatives - 210 Unrealized loss on contingent consideration 483 3,569 Equity in loss / (earnings) of jointly-controlled entity 2,533 (83) Gain on disposition of 50% interest in Orion - (6,620) Impact of new Mexican mining tax 4,917 - Other (including tax effect of adjustments) (19,364) 2,276 Adjusted net (loss) / earnings from continuing operations ($5,484) $13,505 Adjusted net (loss) / earnings from continuing operations, per share ($0.02) $0.05 Net earnings from discontinued operations $- $108,977 Adjustments: Unrealized foreign exchange gain $- ($391) Net realizable value adjustments on inventory - 7,778 Disposition-related costs - 6,796 Loss on disposition of El Cubo and Guadalupe y Calvo - 2,277 Gain on disposition of Ocampo - (150,793) Ocampo outside tax basis adjustment - (39,168) Tax impact - 80,101 Adjusted net earnings from discontinued operations $- $15,577 Adjusted net earnings from discontinued operations, per share $- $0.06 Adjusted net (loss) / earnings ($5,484) $29,082 Adjusted net (loss) / earnings, per share ($0.02) $0.10 (in thousands, except per share metrics) Year Ended Year Ended December December 31, 2013 31, 2012 Net loss from continuing operations ($176,770) ($99,779) Adjustments: Deferred income tax expense / (recovery) related to foreign exchange $24,999 ($15,785) Foreign exchange (gain) / loss (10,927) 10,663 Net realizable value adjustments on inventory 42,069 - Impairment charges 158,574 127,000 Gain on option component of convertible notes (15,622) (4,046) Unrealized loss on investments - 146 Unrealized gain on derivatives (2,183) (1,713) Unrealized loss / (gain) on contingent consideration 7,395 (1,568) Equity in loss / (earnings) of jointly-controlled entity 2,533 (83) Gain on disposition of 50% interest in Orion - (6,620) Impact of new Mexican mining tax 4,917 - Other (including tax effect of adjustments) (21,933) 8,688 Adjusted net earnings from continuing operations $13,052 $16,903 Adjusted net earnings from continuing operations, per share $0.05 $0.06 Net earnings from discontinued operations $- $131,052 Adjustments: Unrealized foreign exchange loss $- $9,080 Loss on disposition of Australian operations - 1,736 Net realizable value adjustments on inventory - 16,070 Impairment of Australian Operations - 22,857 Disposition-related costs - 12,123 Gain on disposition of El Cubo and Guadalupe y Calvo - (21,785) Gain on disposition of Ocampo (150,793) Tax impact - 83,005 Adjusted net earnings from discontinued operations $- $103,345 Adjusted net earnings from discontinued operations, per share $- $0.37 Adjusted net earnings $13,052 $120,248 Adjusted net earnings, per share $0.05 $0.43
Adjusted Operating Cash Flow Reconciliation
(in thousands, except per share metrics) Quarter Ended Quarter Ended December 31, 2013 December 31, 2012 Operating cash flow from continuing operations $11,954 ($7,813) Add back: Non-cash change in operating working capital 5,554 38,239 Adjusted operating cash flow from continuing operations $17,508 $30,426 Adjusted operating cash flow from continuing operations, per share $0.07 $0.11 (in thousands, except per share metrics) Year Ended Year Ended December 31, 2013 December 31, 2012 Operating cash flow from continuing operations $63,266 ($7,231) Add back: Non-cash change in operating working capital 14,813 $44,373 Adjusted operating cash flow from continuing operations $78,079 $37,142 Adjusted operating cash flow from continuing operations, per share $0.31 $0.13
Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA")
(in thousands) Year Ended Year Ended December 31, December 31, 2013 2012 Net loss from continuing operations ($176,770) ($99,779) Add back: Finance costs 2,928 2,237 Amortization and depletion 65,529 18,723 Deferred income tax expense / (recovery) 14,456 (7,849) Current income tax (recovery) / expense (140) 6,625 EBITDA ($93,997) ($80,043)
Adjusted Earnings before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA")
(in thousands) Year Ended Year Ended December 31, December 31, 2013 2012 EBITDA ($93,997) ($80,043) Add back: Exploration 41 1,307 Non-cash items identified in supplemental cash flow note, excluding amortization and depletion, and deferred income tax expense / recovery 181,770 143,967 Adjusted EBITDA $87,814 $65,231
The Company uses the measures adjusted net earnings, cash costs per ounce, all-in sustaining costs per ounce, adjusted operating cash flow, EBITDA and Adjusted EBITDA in this press release, which do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS" or "GAAP"). They are, therefore, considered to be non-GAAP measures and may not be comparable to similar measures presented by other companies. The non-GAAP measures cash costs per ounce and all-in sustaining costs per ounce are reconciled to the Company's financial statements beginning on page 23 of the Company's Management's Discussion and Analysis for the year ended December 31, 2013.
Adjusted net earnings is comprised of net earnings from both continuing and discontinued operations, adjusted for specific items. While the adjustments to net earnings in this measure include items that are recurring, adjusted net earnings is a useful measure as the unrealized gains / losses on foreign exchange, fair value adjustments on contingent consideration and derivatives, impairment charges, net realizable value adjustments, and other non-recurring items do not reflect the underlying operating performance of the Company's core mining business in the periods presented and are not necessarily indicative of future operating results.
Adjusted operating cash flow excludes the change in non-cash operating working capital, which includes changes in receivables, inventories, prepaid assets, and payables. Management uses adjusted operating cash flow as a measure internally to evaluate the underlying operating cash flow performance of the Company as a whole for the reporting periods presented, and to assist with the planning and forecasting of future operating cash flow.
EBITDA represents net loss from continuing operations before interest, taxes, amortization, and depreciation. Adjusted EBITDA represents EBITDA, adjusted for exploration expense and other non-cash items included in earnings. While the adjustments to net earnings in these measures include items that are recurring, EBITDA and adjusted EBITDA a valuable indicator of the Company's ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures.
Financial Statements and Management's Discussion and Analysis
The financial statements and related Management's Discussion and Analysis can be found on the Company's website at http://www.auricogold.com or under the Company's profile on http://www.sedar.com and with the Securities and Exchange Commission at http://www.sec.gov/edgar.shtml ("Edgar").
2014 Dividend Schedule
In 2014, the quarterly dividend will be linked to operating cash flow ("OCF"), whereby the Company intends to pay out 20% of the OCF generated in the preceding quarter, divided by the Company's outstanding common shares at the time the dividend is approved. Dividend payments corresponding to the 2014 quarterly financial results are expected to be paid, subject to the approval of the Board of Directors, within three to four weeks following the release of the Company's financial statements. The first quarter 2014 dividend is therefore expected to be paid in late May 2014. Information on the Company's dividend reinvestment plan (DRIP) is available through the following link: http://www.auricogold.com/DRIP.
Upcoming News Flow
The Company expects to issue the following updates during the first half of 2014:
- Q1 2014 Production Preview (April 21)
- Q1 2014 Financial Results (May 8)
- Annual General Meeting (May 9)
- Company-Wide Exploration Update (late-May)
Fourth Quarter Conference Call and Webcast
A webcast and conference call will be held on Tuesday, March 4, 2014 starting at 8:30 a.m. Eastern Time. Senior management will be on the call to discuss the results.
Conference Call Access
- International & Toronto: 1-647-427-7450
- Canada & U.S. Toll Free: 1-888-231-8191
When the operator answers, please ask to be placed into the AuRico Gold 2013 Fourth Quarter and Year-End Results Conference Call.
Conference Call Live Webcast
The conference call will be broadcast live on the internet via webcast. To access the webcast, please follow this link: http://www.newswire.ca/en/webcast/detail/1301913/1436577
Archive Call Access
If you are unable to attend the conference call, a replay will be available until midnight, March 11, 2014 by dialing the appropriate number below:
- International & Toronto: 1-416-849-0833 Passcode: #90211565
- Canada & U.S. Toll Free: 1-855-859-2056 Passcode: #90211565
The webcast will be archived for 90 days. To access the archived webcast, visit the Company's website at http://www.auricogold.com or follow this link: http://www.newswire.ca/en/webcast/detail/1301913/1436577
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with mines and projects in North America that have solid production growth and exploration potential. The Company is focused on its core operations including the Young-Davidson gold mine in northern Ontario and the El Chanate mine in Sonora State, Mexico. AuRico's project pipeline also includes development opportunities in Canada and Mexico. AuRico's head office is located in Toronto, Ontario, Canada.
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.
Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; any decision to declare a quarterly dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson and El Chanate mines may not perform as planned; uncertainty with the Company's ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local government legislation in Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by the Company. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources
This press release uses the terms "measured," "indicated" and "inferred" resources. We advise investors that while those terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Sep. 27, 2016 06:30 AM EDT Reads: 1,778
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Sep. 27, 2016 06:30 AM EDT Reads: 3,581
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 27, 2016 06:15 AM EDT Reads: 2,588
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Sep. 27, 2016 06:00 AM EDT Reads: 2,551
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Sep. 27, 2016 05:30 AM EDT Reads: 1,146
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Sep. 27, 2016 05:15 AM EDT Reads: 1,443
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
Sep. 27, 2016 04:45 AM EDT Reads: 1,145
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Sep. 27, 2016 04:30 AM EDT Reads: 1,974
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Sep. 27, 2016 04:15 AM EDT Reads: 2,085
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Sep. 27, 2016 04:00 AM EDT Reads: 2,434
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 27, 2016 04:00 AM EDT Reads: 2,687
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Sep. 27, 2016 03:15 AM EDT Reads: 989
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 27, 2016 03:00 AM EDT Reads: 2,774
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 27, 2016 03:00 AM EDT Reads: 2,937
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 27, 2016 03:00 AM EDT Reads: 1,803