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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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January 30, 2015
16:17 EDTANRAlpha Natural subsidiaries plan to reduce W. Virginia mining operations
Two operating affiliates of Alpha Natural Resources have notified their employees that certain West Virginia coal mines are being idled due to sustained weak market conditions and federal government regulations that have challenged the entire Central Appalachian mining industry. In accordance with the Worker Adjustment and Retraining Notification Act, notice has been given to approximately 91 Highland Mining Company employees, advising them of the expected idling of Highland Mining's Superior, North, and Trace Fork surface mines, and a reduction in workforce at its Reylas and Freeze Fork surface mines. The affected mines are located in Logan and Mingo Counties, West Virginia. In addition, seven workers with Rum Creek Coal's Anna Branch reclamation unit, working at the affected mines, will also be displaced. Approximately 25% of the affected workers will continue to perform reclamation work as three of the operations wind down to an idle state. The mine idlings and workforce reduction are expected to be completed by mid-April. These actions are being triggered by persistent weakness in U.S. and overseas coal demand and depressed price levels, along with regulatory pressures contributing to the premature retirement of coal-fired power plants across the nation. Excess supply of coal worldwide also has contributed to falling coal prices. The mines that are being idled produced 1.5M tons of thermal coal in FY14.
January 29, 2015
10:05 EDTANROn The Fly: Analyst Initiation Summary
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07:20 EDTANRAlpha Natural initiated with an Underperform at Macquarie
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January 28, 2015
19:13 EDTRGLDRoyal Gold reports Q2 EPS 23c, consensus 28c
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17:05 EDTANRAlpha Natural initiated with an Underperform at Macquarie
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January 27, 2015
08:04 EDTMUXTD Securities to hold a conference
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January 26, 2015
10:00 EDTAEMOn The Fly: Analyst Downgrade Summary
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07:53 EDTAEMAgnico-Eagle downgraded to Neutral from Overweight at HSBC
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January 21, 2015
08:39 EDTAEMGoldcorp acquires additional interest in Probe from Agnico-Eagle for CAN43M
Goldcorp (GG) has entered into an agreement to purchase 7,320,200 common shares of Probe Mines Limited and 2,347,951 warrants to purchase common shares of Probe from Agnico Eagle Mines (AEM) for cash consideration of CAN5.00 per common share and CAN2.90 per warrant for an aggregate purchase price of approximately CAN43M. Each warrant is exercisable to purchase one common share of Probe at a price of CAN2.10 until May 28. The purchase is expected to close on or about January 28. Following the acquisition from Agnico, Goldcorp will own 15,720,200 Probe shares and 2,347,951 warrants, representing beneficial ownership of 19.9% of shares on a partially-diluted basis. If the proposed Plan of Arrangement pursuant to which Goldcorp proposes to acquire all of the outstanding common shares of Probe is approved by the shareholders of Probe, Goldcorp will acquire 100% of the issued and outstanding Probe shares.
08:03 EDTHLHecla Mining announces high-grade, near-surface resources at San Sebastian
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January 20, 2015
17:02 EDTRGLDRoyal Gold subsidiary purchased 13,000 ounces of gold during Q4
Royal Gold announces that the operators of the Mount Milligan and Peñasquito properties have released preliminary calendar 2014 operating results and calendar 2015 production forecasts. Royal Gold announces that its wholly owned subsidiary, RGLD Gold AG, purchased approximately 13,000 ounces of gold for the quarter ended December 31, 2014 from the Mount Milligan mine as part of its purchase and sale agreement with Thompson Creek Metals Company. For the quarter ended December 31, 2014, Royal Gold sold approximately 14,300 ounces of gold from Thompson Creek, and had approximately 4,800 ounces remaining in inventory as of December 31, 2014. Thompson Creek also announced that it expects to file an updated technical report for the Mount Milligan mine that will reflect 6.2M ounces of estimated proven and probable gold reserves at $1,250/ounce gold, up from 6.0 million ounces in the previous technical report. The updated mineral reserve estimates include forecasted average annual gold production of approximately 285,800 ounces in years 2015 through 2019, which is a 9% increase over the previous technical report annual estimates for the first six years of gold production.
09:36 EDTANRAlpha Natural downgraded to Underweight from Equal Weight at Morgan Stanley
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06:04 EDTCDEParamount Gold & Silver reports three holes intercepted gold and silver
Paramount Gold and Silver (PZG) reported that each of the last three core holes in its 2014 drill program have intercepted gold and silver mineralization. These holes targeted the higher grade Don Ese deposit, located on its 100%-owned San Miguel Project in northern Mexico immediately adjacent to Coeur Mining's (CDE) Palmarejo Mine Complex. DS-052 and DS-053 were infill holes drilled to upgrade the mineralized material estimate while DS-051 successfully tested the Don Ese vein at depth, effectively expanding the length of the known mineralization.

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