New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 12, 2014
08:02 EDTABX, MDWMidway 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
Sign up for a free trial to see the rest of the stories you've been missing.
November 20, 2014
06:40 EDTABXBarrick Gold implied volatility of 50 at upper end of index mean range
Subscribe for More Information
November 19, 2014
06:01 EDTABXBarrick Gold implied volatility of 45 at upper end of index mean range
Subscribe for More Information
November 18, 2014
17:06 EDTABXBarrick Gold appoints Shaun Usmar as CFO Designate
Subscribe for More Information
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

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use