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Stock Market & Financial Investment News

News Breaks
February 20, 2013
09:02 EDTCDE, AGCoeur 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 15, 2014
12:01 EDTAGFirst Majestic announces $30M forward sale contract on lead production
First Majestic (AG) announced that it has entered into a $30M forward sale contract with Bank of America (BAC) Merrill Lynch on a portion of the company's future lead production. The company executed this forward sale contract for 15,911.3 metric tonnes of lead at a fixed price of $0.945 per pound for total proceeds of $30M. The contract term is valid from April to September 2017, with a six-month repayment holiday from April to September. The forward sale contract is financially settled from the sale of lead from any of First Majestic's operations and represents approximately 35% of the company's total estimated future lead production over this period. The purpose of this prepayment contract is to fund the Company's continuing expansion plans and for general working capital.
April 8, 2014
07:03 EDTAGFirst Majestic reaches record 3.63M ounces of silver during Q1
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April 7, 2014
17:15 EDTCDECoeur Mining maintains FY14 production guidance of 30.2M-32.48M silver eq oz
Maintains FY14 total silver production guidance of 17M-18.2M oz. Maintains FY14 gold production guidance of 220M-238M oz.
17:12 EDTCDECoeur Mining reports preliminary Q1 production 4.1M oz silver, 7.6M silver eq oz
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07:27 EDTAGAmerican Association of Cancer Research to hold annual meeting
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