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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
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April 27, 2015
18:42 EDTABXBarrick Gold reaffirms FY15 gold production view 6.2M-6.6M ounces
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18:41 EDTABXBarrick Gold reports Q1 EPS 5c, consensus 9c
Reports Q1 revenue $2.24B, consensus $2.38B.
16:00 EDTABXOptions Update; April 27, 2015
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15:04 EDTABXNotable companies reporting after market close
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April 20, 2015
17:33 EDTABXBarrick Gold pursues sale of Zaldivar mine, Reuters says
Barrick Gold has contacted a small group of buyers regarding a potential sale of its Zaldivar copper mine, Reuters reported earlier, citing three sources familiar with the matter. The sources said a deal could be worth roughly $2B, and added that Barrick is likely to retain a stake in the mine rather than pursue a full sale. Reference Link
13:24 EDTABXNewcrest, Hecla, Gold Fields bid for Barrick mine, WSJ says
Newcrest (NCMGY), Hecla (HL), Gold Fields (GFI), and Evolution Mining have advanced to the second round of bidding for Barrick Gold's (ABX) Cowal mine in Australia, reports the Wall Street Journal, citing two sources familiar with the matter. One of the sources noted that the mine could be worth as much as $700M. Reference Link
12:52 EDTABXBarrick Australian mine bid on by Hecla, Newcrest Mining, DJ says
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