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Stock Market & Financial Investment News

News Breaks
June 16, 2014
17:06 EDTSLW, AXUAlexco Resource announces amended silver streaming pact for Keno Hill
Alexco Resource (AXU) is pleased to announce it has come to an agreement with Silver Wheaton (SLW) to amend the Silver Purchase Agreement originally dated October 2, 2008, such that the fixed $3.90 per ounce silver streaming production payment is replaced with a variable production payment based on the spot price of silver, with significant positive implications for Alexco and the Keno Hill Silver District in general. The amended silver streaming agreement applies to 25% of Alexco's payable silver produced at its Keno Hill silver mining operations in Yukon, Canada. The newly agreed variable production payment is defined by a pricing curve with an apex at $19.45 spot silver price where Silver Wheaton will make a production payment to Alexco of $18.00 per ounce of silver delivered; that payment decreases by $0.91 per ounce for each $1.00 increase or decrease in silver price from $19.45, returning to a fixed $3.90 per ounce for spot silver prices of $35.00 per ounce and higher. The amendments to the underlying Silver Purchase Agreement are subject to Alexco paying Silver Wheaton $20M by December 31, 2014, with Silver Wheaton taking a lead role via participation in $5M of any Alexco equity raise in excess of $10M towards the $20M payment. In addition, a Silver Wheaton area of interest is established to include additional Alexco currently owned and future acquired properties within one kilometer of existing Alexco holdings in the Keno Hill Silver District. The amendment will be effective for a 10 year term from the time mining production re-commences in the District, with an option for Alexco to extend the amendment for another 5 or 10 years for an additional $10M or $20M, respectively.
News For AXU;SLW From The Last 14 Days
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May 14, 2015
07:14 EDTSLWSilver Wheaton management to meet with UBS
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May 13, 2015
10:02 EDTSLWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: A.O. Smith (AOS) initiated with a Hold at Gabelli... Bellicum Pharmaceuticals (BLCM) initiated with a Neutral at Guggenheim... Criteo (CRTO) initiated with a Hold at Evercore ISI... FleetCor (FLT) initiated with a Buy at Monness Crespi... Franco-Nevada (FNV) initiated with a Buy at Canaccord... Horizon Technology (HRZN) initiated with an Outperform at Oppenheimer... Merrimack (MACK) initiated with a Buy at Guggenheim... Mobileye (MBLY) initiated with a Sector Weight at Pacific Crest... Monroe Capital (MRCC) initiated with an Outperform at Oppenheimer... Royal Gold (RGLD) initiated with a Hold at Canaccord... Silver Wheaton (SLW) initiated with a Buy at Canaccord... U.S. Concrete (USCR) initiated with a Buy at Stifel... Ziopharm (ZIOP) initiated with a Neutral at Guggenheim.
07:13 EDTSLWSilver Wheaton management to meet with UBS
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07:05 EDTSLWSilver Wheaton initiated with a Buy at Canaccord
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May 8, 2015
06:09 EDTSLWSilver Wheaton reports Q1 EPS 13c, consensus 15c
Reports Q1 revenue $130.5M, consensus $162.28M. Reports Q1 attributable silver equivalent production of 10.4M ounces.

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