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Stock Market & Financial Investment News

News Breaks
December 20, 2013
15:14 EDTMDWMidway Gold completes permitting for Pan project
Midway Gold announced earlier the receipt of a December 20 signed Record of Decision, ROD, on the Final Environmental Impact Statement, EIS, for the Pan gold project, White Pine County, Nevada. The ROD signifies full completion of the required NEPA and EIS process. The ROD represents the final step in the federal permitting process and allows construction to begin, the company said.
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April 24, 2014
07:49 EDTMDWMidway Gold forecasts capital reductions at Pan project
Midway Gold provided an update on recent developments and scope changes at the Pan Project, including potential reduction in pre-production capital requirements. Construction at Pan remains on-track for initial production in 2014. Midway has elected to pursue contract mining in the initial years at Pan. Midway had planned to pursue owner mining, but conditions in the mining industry have led to an increasingly attractive price environment for contract mining. Contract mining reduces the initial capital requirements for Pan by deferring purchase of the planned mine fleet. It also minimizes initial start-up and operational risks. Also, the company has elected to defer purchase and installation of crushers for the first 2-3 years of the mine life at Pan. Midway is currently well funded with $48M in cash as of December 31, 2013. Construction progress remains on track for 2014 gold production at Pan. Project financing is well advanced and expected to be complete in the second quarter of 2014, the company said.
April 17, 2014
09:59 EDTMDWOn The Fly: Analyst Upgrade Summary
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07:30 EDTMDWMidway Gold upgraded to Speculative Buy from Hold at Canaccord
Canaccord upgraded Midway Gold to Speculative Buy with a C$1.40 price target citing valuation.

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