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Stock Market & Financial Investment News

News Breaks
February 20, 2013
09:02 EDTAG, CDECoeur d’Alene Mines to acquire Orko Silver Corp for C$350M
Coeur d’Alene Mines Corporation (CDE) announced that it is entering into a definitive agreement pursuant to which Coeur will agree to acquire all of the issued and outstanding common shares of Orko Silver Corp. in a transaction with a total value of approximately C$350M. The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act and is expected to close in April. Based on the closing price of Coeur shares on February 19, 2013, Coeur’s offer implies a value of C$2.46 per Orko share, which represents a premium of approximately 56% to the unaffected Orko share price on December 14, 2012, the last trading day prior to the announcement of Orko’s agreement to be acquired by First Majestic Silver Corporation (AG).
News For CDE;AG From The Last 14 Days
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April 17, 2015
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.
April 14, 2015
07:08 EDTAGDenver 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
07:04 EDTAGFirst Majestic announces Q1 total production of 3.91M silver eqv. ounces
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April 10, 2015
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
09:34 EDTAGFirst Majestic downgraded to Hold from Buy at Desjardins
April 6, 2015
16:24 EDTCDECoeur Mining reports preliminary Q1 production 3.8M oz of silver
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13:04 EDTAGFirst Majestic promotes CIO Palacios to Chief Transformation Officer
First Majestic Silver announced the promotion of Martin Palacios to the newly created position of Chief Transformation Officer. He joined the company in January 2012 as Chief Information Officer.
10:02 EDTCDEOn The Fly: Analyst Upgrade Summary
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07:03 EDTAGFirst Majestic announces acquisition of shares of First Mining Corp.
First Majestic announces that it has acquired 14,509,279 common shares of First Mining Finance Corp., representing 19.7% of the outstanding common shares of First Mining. The common shares were acquired by First Majestic in its capacity as a shareholder of KCP Minerals, a private company, in accordance with a Plan of Arrangement under the Business Corporations Act pursuant to which all of the outstanding securities of Sundance were exchanged for securities of First Mining.
06:51 EDTCDECoeur Mining upgraded to Hold from Sell at Deutsche Bank
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