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Stock Market & Financial Investment News

News Breaks
February 24, 2014
07:48 EDTABX, MDWMidway 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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November 20, 2014
06:40 EDTABXBarrick Gold implied volatility of 50 at upper end of index mean range
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November 19, 2014
06:01 EDTABXBarrick Gold implied volatility of 45 at upper end of index mean range
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November 18, 2014
17:06 EDTABXBarrick Gold appoints Shaun Usmar as CFO Designate
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November 12, 2014
08:51 EDTABXBarrick exec says Pascua Lama completion would cost another $4B, Reuters reports
Barrick Gold, which halted its Pascua Lama gold mine project last year after investing $5B, would like to find a path forward but believes the mine would likely cost another $4B to complete, Edmundo Flores, SVP of Pascua Lama, told financial newspaper Diario Financiero, according to Reuters. Reference Link

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