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Stock Market & Financial Investment News

News Breaks
February 24, 2014
07:48 EDTMDW, ABXMidway Gold formalizes joint venture with Barrick Gold Exploration
Midway Gold (MDW), announces that Barrick Gold Exploration, a unit of Barrick Gold (ABX), has completed its earn-in to a joint venture at the Spring Valley project in Pershing County, Nevada. Barrick notified the company in November 2013 that it had completed expenditures of the $38M required to earn a 70% interest in the project. The companies have now completed formation of the joint venture with Barrick holding a 70% interest and Midway holding a 30% interest. Midway has the option to be carried to production at which point, Midway will retain a 25% interest in Spring Valley.
News For MDW;ABX From The Last 14 Days
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May 26, 2015
06:15 EDTABXBarrick Gold forms strategic partnership with Zijing Mining Group
Barrick Gold announced that it has formed a strategic partnership with leading Chinese mining company Zijin Mining Group. As a first step, Zijin will acquire 50% of Barrick Limited, or BNL, the company which owns 95% of and manages the Porgera Joint Venture gold mine in Papua New Guinea. In addition, Barrick and Zijin have signed a long-term strategic cooperation agreement which outlines the intent of both companies to collaborate on future projects and joint investments, leveraging the strengths of each company. Zijin and Barrick recognize the significant potential that exists at Porgera. Combining Barrick's experience and track record of operating success in Papua New Guinea with Zijin's strong cost management capabilities will help to unlock the full value of this mine for the benefit of all stakeholders. Zijin will pay $298M in cash for a 50% interest in BNL. The transaction is expected to be completed in the Q3 and is subject to customary closing conditions.
May 25, 2015
12:58 EDTABXBarrick Gold agrees to sell Cowal mine to Evolution Mining for $550M
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May 13, 2015
10:01 EDTMDWOn The Fly: Analyst Downgrade Summary
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06:48 EDTMDWMidway Gold downgraded to Sell from Hold at Canaccord
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May 12, 2015
10:01 EDTMDWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
06:57 EDTMDWMidway Gold downgraded to Underperform from Outperform at RBC Capital
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