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Stock Market & Financial Investment News

News Breaks
January 7, 2013
19:27 EDTGGGoldcorp reports gold production of 696,700 ounces in Q4
Reports FY12 gold production 2.39M ounces, within previous guidance range.
News For GG From The Last 14 Days
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January 21, 2015
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 15, 2015
09:36 EDTGGActive equity options trading
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January 13, 2015
09:30 EDTGGGoldcorp upgraded to Strong Buy from Outperform at Raymond James
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06:15 EDTGGCoeur Mining to host conference call
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January 12, 2015
18:05 EDTGGGoldcorp sees FY15 CapEx approximately $170M
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18:03 EDTGGGoldcorp sees Q4 charge of $2.3B-$2.7B on Cerro Negro assets
With respect to the Cerro Negro mine in Argentina, the Argentine government continues to support various actions and programs aimed at conserving its foreign exchange reserves, including restrictions on importation of goods and services and limitations on the exchange of Argentine pesos into US dollars. The financial consequences of these programs as well as the continuing inflationary environment in the country are negatively impacting operations at the Cerro Negro mine. Additionally, the market valuations of future exploration potential have declined. Concurrent with the declaration of commercial production, the company is conducting an impairment test of its Cerro Negro assets to assess the full effect of these actions in light of ongoing challenging fiscal conditions in Argentina. Preliminary analysis indicates an after-tax asset impairment charge in the range of approximately $2.3B-$2.7B in the fourth quarter. The company expects to complete its final impairment analysis for inclusion in its fourth quarter earnings release
18:01 EDTGGCoeur Mining to acquire Wharf mine from Goldcorp for $105M
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17:54 EDTGGGoldcorp reports gold production of 886,000 ounces in Q4
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