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Stock Market & Financial Investment News

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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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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