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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:26 EDTRGLD, MUX, ANR, AEM, HL, NOR, CDEBarclays to hold a forum
Metals & Materials Cross Asset Forum is being held in New York on March 19.
News For ANR;CDE;HL;MUX;NOR;AEM;RGLD From The Last 14 Days
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April 17, 2015
18:12 EDTANRAlpha Natural receives NYSE notice of non-compliance
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16:07 EDTCDEParamount Gold & Silver completes merger with Coeur Mining
Paramount Gold and Silver (PZG) announced that the proposals related to the merger agreement with Coeur Mining (CDE) were approved by both Paramount and Coeur stockholders and that the transaction has closed. Immediately prior to the consummation of the merger, Paramount distributed pro rata to its stockholders 8,101,371 shares of Paramount's wholly-owned subsidiary, Paramount Gold Nevada Corp. SpinCo is expected to begin "regular way" trading on the NYSE MKT on April 20 under the symbol "PZG", CUSIP number 69924M109. In connection with the completion of the transaction, Paramount's common stock will be delisted from the NYSE MKT and Toronto Stock Exchange. Paramount will no long trade as an independent company after market close and will be a wholly-owned subsidiary of Coeur.
06:46 EDTANRCourt looks poised to deny challenge to coal emissions rule, NY Times says
A federal appeals court seemed inclined to dismiss a lawsuit challenging the EPA's rule restricting carbon emissions from coal-fired power plants, The New York Times reported yesterday. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
April 16, 2015
17:33 EDTRGLDRoyal Gold says received about 26,200 ounces of gold from Mount Milligan mine
Royal Gold (RGLD) announces that its wholly owned subsidiary, RGLD Gold AG, received approximately 26,200 ounces of gold for the quarter ended March 31 from the Mount Milligan mine as part of its purchase and sale agreement with Thompson Creek Metals Company (TC). Royal Gold currently sells most of the delivered gold within three weeks of receipt, and recognizes revenue on its streaming transactions when the metal received is sold. For the quarter ended March 31, Royal Gold sold approximately 24,200 ounces of gold from Thompson Creek, which is a nearly 70% increase over the December quarter. In addition, Royal Gold had approximately 6,800 ounces remaining in inventory as of March 31. At March 31, Royal Gold had one provisionally priced final shipment outstanding, which was the 75% balance on shipment 12. That balance of approximately 5,000 ounces was not received as of March 31, and was not included in inventory. Hereafter, all deliveries to Royal Gold will be based solely on final settlement timing and volumes, subject to Thompson Creek’s smelter contracts, which can take three to five months after concentrate is produced at the mine. The Company notes that Thompson Creek reported production for Mount Milligan of approximately 46,119 ounces of payable gold and sales of approximately 36,750 ounces of payable gold in the quarter ended March 31.
17:21 EDTMUXMcEwen Mining reports Q1 gold production up 23%
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April 14, 2015
07:08 EDTRGLD, AEMDenver Gold Group to hold a forum
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07:06 EDTCDECoeur Mining sees FY15 production up 34% to 149,000 oz
Coeur Mining announced an updated and re-scoped mine plan and a preliminary economic assessment for its Kensington gold mine located in Southeast Alaska. The new mine plan reflects the recent discovery of the high-grade Jualin zone and indicates higher overall production and significantly higher cash flows due to the contribution of higher-grade material from three nearby zones. The Jualin zone, located approximately 8,250 feet from current mining activities, continues to expand based on ongoing drilling and contains an average gold grade over three times the average reserve grade of 0.185 oz/ton. Annual gold production between 2015 and 2020 at Kensington is expected to average approximately 128,000 ounces and costs applicable to sales are expected to average $820 per gold ounce. Production in 2014 was 117,823 ounces at a CAS of $951 per gold ounce. Mitchell J. Krebs, Coeur's CEO, stated, "Our recent success identifying high-grade mineralization near existing Kensington infrastructure has added higher-margin production to our mine plan and significantly improved the expected economics of the mine. Kensington's new mine plan is expected to be a key component of the company's overall strategic repositioning that is expected to increase overall production levels by approximately 30%, reduce overall unit costs by approximately 25%, and boost the company's free cash flow to $190M-$200M in 2017."
April 13, 2015
18:18 EDTMUXMcEwen Mining CEO says no regular contact, relationship with cartel members
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10:00 EDTANROn The Fly: Analyst Downgrade Summary
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06:05 EDTANRAlpha Natural downgraded to Sell from Neutral at UBS
UBS downgraded Alpha Natural to Sell on expectations the company will become "more distressed" amid the slower recovery in coal and gas prices. The firm cut its price target for shares to 50c from $1.25.
05:16 EDTHLHecla Mining reports preliminary Q1 production 2.9M oz silver, 40,651 oz gold
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April 10, 2015
16:20 EDTANRAlpha Natural unit receives imminent danger order from MSHA
On April 6, Mill Branch Coal Corporation, a subsidiary of Alpha Natural Resources, received an imminent danger order issued by the Mine Safety and Health Administration under section 107(a) of the Federal Mine Safety and Health Act of 1977 to the North Fork #6 Mine, located near Appalachia, Virginia. The order alleged that a miner was observed within the turning radius of a continuous mining machine while it was being trammed. The miner immediately removed himself from the location. MSHA had issued no citations or orders to the Mine for persons working alongside a continuous mining machine during the prior twelve months. No injuries occurred in connection with the alleged practice, and MSHA has terminated the order.
05:10 EDTCDEParamount Gold & Silver receives listing approval for SpinCo on NYSE
Paramount Gold and Silver (PZG) announced that its wholly-owned subsidiary Paramount Gold Nevada Corp. has received approval from NYSE Regulation, Inc. for listing of Paramount Gold Nevada on the NYSE MKT, subject to SpinCo being in compliance with all listing standards on the date it begins trading on the Exchange. Paramount intends to spin-off of Paramount Gold Nevada as a separate, publicly traded company in connection with the previously announced merger of Paramount and Coeur Mining (CDE). Paramount stockholders of record at the close of business on April 14, will be entitled to receive one share of common stock of SpinCo for every 20 shares of Paramount common stock held by such stockholder, payable or issuable upon the closing of the merger, provided that they continue to hold their Paramount shares at the time of closing of the merger. Cash will be paid in lieu of issuing fractional shares of stock.
April 9, 2015
17:20 EDTCDEParamount Gold & Silver provides spin-off transaction update
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April 8, 2015
18:45 EDTMUXMcEwen Mining sees Q2 production at 14,000 ounces of gold
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April 7, 2015
19:59 EDTMUXRobbers steal 7,000 ounces of gold from McEwen mine, Reuters says
Robbers have stolen 7,000 ounces of gold from McEwen Mining's El Gallo 1 mine in Mexico, reports Reuters, citing company statements. Facilities were not damaged and the company is insured against theft, but McEwen does not expect its policy to cover the entire loss. Reuters notes that at current prices of $1,208 per ounce, the gold is worth nearly $8.5M. Reference Link
17:07 EDTMUXMcEwen Mining reports 7,000 ounces of gold stolen at El Gallo 1 mine
McEwen Mining is extremely disappointed to report an armed robbery occurred at El Gallo 1 mine in Sinaloa, Mexico. An estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from the refinery. The crime is being vigorously investigated by the Mexican authorities. The Company maintains insurance against these types of incidents and is working closely with its insurance carrier to determine the extent of available coverage. However, the Company's policy will not be sufficient to cover the entire expected loss. No employees were seriously injured and there was no material damage to any of the Company's facilities. Mining and processing activities have not been impacted and continue uninterrupted.
April 6, 2015
16:24 EDTCDECoeur Mining reports preliminary Q1 production 3.8M oz of silver
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10:02 EDTCDEOn The Fly: Analyst Upgrade Summary
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06:51 EDTCDECoeur Mining upgraded to Hold from Sell at Deutsche Bank
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