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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:55 EDTGG, GG, TU, TU, CNQ, CNQ, KGC, KGC, ECA, ECA, ERF, ERF, NEM, NEM, IAG, IAG, PFG, PFGCIBC to host a conference
17th Annual Whistler Institutional Investor Conference is being held in Whistler, British Columbia on January 22-24 with webcasted company presentations to begin on January 24 at 11 am; not all company presentations may be webcasted. Webcast Link
News For GG;TU;CNQ;KGC;ECA;ERF;NEM;IAG;PFG From The Last 14 Days
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January 28, 2015
09:06 EDTECAEncana coverage resumed with a Neutral at Goldman
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09:05 EDTTUTELUS acquires 20% stake in Alithya
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January 27, 2015
10:00 EDTECAOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ADT Corp. (ADT) initiated with an Outperform at Raymond James... American Campus (ACC) initiated with a Buy at Stifel... Encana (ECA) initiated with an Equal Weight at Morgan Stanley... Sage Therapeutics (SAGE) initiated with a Buy at SunTrust... TerraForm Power (TERP) initiated with a Buy at BofA/Merrill.
08:34 EDTECAEncana initiated with an Equal Weight at Morgan Stanley
Target $15.
January 26, 2015
10:00 EDTGG, IAG, KGCOn The Fly: Analyst Downgrade Summary
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07:53 EDTIAGIAMGOLD downgraded to Underweight from Overweight at HSBC
07:53 EDTGGGoldcorp downgraded to Neutral from Overweight at HSBC
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07:03 EDTKGCKinross Gold downgraded to Sell from Neutral at Goldman
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January 23, 2015
05:10 EDTIAGIAMGOLD Westwood mine production continues uninterrupted during rock burst
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January 22, 2015
10:03 EDTECAOn the Fly: Analyst Initiation Summary
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08:40 EDTIAGIAMGOLD sells Niobec for $530M
IAMGOLD has completed the sale of its Niobec mine to a group of companies led by Magris Resources. On closing, IAMGOLD received $500M in cash after tax for the niobium business. When combined with the company's current cash, cash equivalents and gold bullion, the balance increases to approximately $800M, exceeding the value of the company's $650M unsecured notes due in October, 2020. The company also has an undrawn $500M revolving credit facility.
07:39 EDTIAGIAMGOLD reports 2014 gold production 844K ounces
Reports preliminary total cash costs gold mines estimated at $845-$865 per ounce. Cash costs for IAMGOLD owner-operator mines for 2014 expected to be at the upper end of guidance of $790-$830 per ounce. Preliminary all-in sustaining costs gold mines estimated at $1,100-$1,120 per ounce. All-in sustaining costs for IAMGOLD owner-operator mines for 2014 expected to be at the low end of guidance of $1,100-$1,200 per ounce. 2014 CapEx were approximately $325M, 51% lower than 2013 and well below the 2014 guidance. As a result of the year-end review of asset retirement obligations, the company recorded non-cash expenses of approximately $40.5M related to the rehabilitation costs associated with the closure of the Doyon Mine. As at December 31, 2014, cash, cash equivalents and gold bullion was approximately $333M.
07:36 EDTIAGIAMGOLD reports 2014 revenue $1.2B, consensus $1.21B
07:34 EDTIAGIAMGOLD sees 2015 gold production 820K-860K ounces
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06:29 EDTECAEncana initiated with an Equal Weight at Morgan Stanley
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January 21, 2015
13:12 EDTNEMNewmont Mining volatility elevated as shares trend higher
Newmont Mining February call option implied volatility is at 45, April is at 39, June is at 38; compared to its 26-week average of 34 according to Track Data, suggesting large February price movement into the expected release of Q4 results on February 20.
08:39 EDTGGGoldcorp 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.
January 19, 2015
12:23 EDTGGGoldcorp to acquire Probe Mines for C$526M
Probe Mines Limited is pleased to announce that it has entered into a definitive agreement with Goldcorp, whereby Goldcorp will acquire all of the outstanding shares of Probe under a plan of arrangement for consideration of 0.1755 of a Goldcorp share per Probe share, equivalent to C$5.00 per Probe share, based on the closing price of Goldcorp shares on the TSX on January 16, and total consideration of C$526M. In addition, shareholders of Probe will receive shares in a newly formed company. Probe's board of directors has unanimously approved the transaction and recommends that Probe shareholders vote in favor of the arrangement. All of the directors and officers of Probe, who own approximately 4.6% of Probe's issued and outstanding shares, have entered into support agreements with Goldcorp pursuant to which they have agreed, among other things, to support the transaction and vote their Probe shares in favor of the arrangement. Goldcorp currently owns 8.4M shares of Probe representing 9.3% of the basic shares issued and outstanding which will be voted in favor of the arrangement.
January 16, 2015
08:01 EDTPFGVoya Financial favored over Principal Financial Group at UBS
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07:03 EDTIAGIAMGOLD cleared to complete sale of Niobec for $530M
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