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News Breaks
August 12, 2014
08:02 EDTMDW, ABXMidway Gold increases FY14 Spring Valley project budget
Midway Gold (MDW) announces substantial resource growth at its Spring Valley project, located in Pershing County, Nevada. The company has updated the mineral resource estimate to include the 2011-2013 drill results. Midway’s independent consulting engineers, Gustavson Associates, have determined that this drilling has resulted in a 102% increase in Measured & Indicated ounces to 4.37M ounces, as well as a 20% increase in the M&I gold grade. In addition, the drilling has resulted in an inferred resource now totaling 1.07M ounces. Midway also announces its decision to become a 25% joint venture partner, to be carried to production by Barrick (ABX) free of any additional payments or capital outlays. The company said, "The accelerated progress on the project continues to give us confidence that Spring Valley has the potential to be a world-class gold mine in the near future. The three drill rigs on site continue to be focused on in-fill drilling and will likely have an even greater future impact on ounce quality as we move forward to completion of a pre-feasibility study in the fall of FY15. The $9M drilling program and the $8.4M commitment currently being spent on all of the various engineering and permitting activities speaks to the merits of the project."
News For MDW;ABX From The Last 14 Days
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September 18, 2014
07:53 EDTABXBarrick Gold October volatility flat as gold trades near four-year low
Barrick Gold October call option implied volatility is at 32, November is at 29, January is at 28; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement.
September 17, 2014
07:48 EDTMDWDenver Gold Group to hold a forum
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06:43 EDTABXNewmont head says concentrating on operations, not Barrick, Reuters says
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September 16, 2014
07:41 EDTABXDenver Gold Group to hold a forum
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September 15, 2014
09:59 EDTABXOn The Fly: Analyst Upgrade Summary
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08:03 EDTMDWMidway advances construction, mining begins at Pan Gold Project
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06:23 EDTABXBarrick Gold upgraded to Neutral from Underweight at HSBC
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September 8, 2014
16:00 EDTABXOptions Update; September 8, 2014
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