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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:36 EDTHL, GSV, MUX, AG, NAK, SA, MDW, VGZ, AUQ, THM, NGDahlman Rose to host a conference
4th Annual Precious Metals Conference is being held in New York on January 9.
News For MUX;THM;SA;GSV;AUQ;NAK;HL;VGZ;AG;NG;MDW From The Last 14 Days
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April 16, 2015
17:21 EDTMUXMcEwen Mining reports Q1 gold production up 23%
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April 14, 2015
07:08 EDTAUQ, AGDenver Gold Group to hold a forum
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April 13, 2015
18:18 EDTMUXMcEwen Mining CEO says no regular contact, relationship with cartel members
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13:26 EDTAUQOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
07:04 EDTAGFirst Majestic announces Q1 total production of 3.91M silver eqv. ounces
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06:34 EDTAUQAlamos Gold and AuRico Gold agree to combine companies
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06:32 EDTAUQAlamos Gold, AuRico Gold to combine in transaction valued at about $1.5B
Alamos Gold (AGI) and AuRico Gold (AUQ) are pleased to announce that they have entered into a definitive agreement to combine their respective companies by way of a plan of arrangement, creating a new, leading intermediate gold producer. The transaction is structured as a merger of equals with a transaction equity value of approximately $1.5B. Under the terms of the Merger, holders of Alamos shares will receive, for each share held, 1 MergeCo share and $0.0001 in cash, and holders of AuRico shares will receive, for each share held, 0.5046 MergeCo shares. Upon completion of the Merger, former Alamos and AuRico shareholders will each own approximately 50% of MergeCo, named Alamos Gold. In addition, a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project, a 1.5% net smelter return royalty on the Young-Davidson mine, AuRico's Fosterville and Stawell royalties, and will be capitalized with $20M of cash. Upon completion of the Merger, MergeCo will own a 4.9% equity interest in SpinCo. The remaining shares of SpinCo will be distributed 50% each to former Alamos and AuRico shareholders. The merger is subject to shareholder and other applicable regulatory approvals and satisfaction of other customary conditions. The merger is expected to close in Q2.
06:30 EDTAUQAlamos Gold, AuRico Gold to combine in transaction valued at about $1.5B
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05:16 EDTHLHecla Mining reports preliminary Q1 production 2.9M oz silver, 40,651 oz gold
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April 9, 2015
10:00 EDTAUQOn The Fly: Analyst Upgrade Summary
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08:36 EDTAUQAuRico Gold upgraded to Buy from Hold at Canaccord
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April 8, 2015
18:45 EDTMUXMcEwen Mining sees Q2 production at 14,000 ounces of gold
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09:37 EDTAUQAuRico Gold upgraded to Buy from Hold at Desjardins
09:34 EDTAGFirst Majestic downgraded to Hold from Buy at Desjardins
April 7, 2015
19:59 EDTMUXRobbers steal 7,000 ounces of gold from McEwen mine, Reuters says
Robbers have stolen 7,000 ounces of gold from McEwen Mining's El Gallo 1 mine in Mexico, reports Reuters, citing company statements. Facilities were not damaged and the company is insured against theft, but McEwen does not expect its policy to cover the entire loss. Reuters notes that at current prices of $1,208 per ounce, the gold is worth nearly $8.5M. Reference Link
17:33 EDTMDWHale Capital Partners reports 17.8% stake in Midway Gold
Includes preferred stock.
17:07 EDTMUXMcEwen Mining reports 7,000 ounces of gold stolen at El Gallo 1 mine
McEwen Mining is extremely disappointed to report an armed robbery occurred at El Gallo 1 mine in Sinaloa, Mexico. An estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from the refinery. The crime is being vigorously investigated by the Mexican authorities. The Company maintains insurance against these types of incidents and is working closely with its insurance carrier to determine the extent of available coverage. However, the Company's policy will not be sufficient to cover the entire expected loss. No employees were seriously injured and there was no material damage to any of the Company's facilities. Mining and processing activities have not been impacted and continue uninterrupted.
April 6, 2015
14:40 EDTNGNovaGold management to meet with JPMorgan
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13:04 EDTAGFirst Majestic promotes CIO Palacios to Chief Transformation Officer
First Majestic Silver announced the promotion of Martin Palacios to the newly created position of Chief Transformation Officer. He joined the company in January 2012 as Chief Information Officer.
07:03 EDTAGFirst Majestic announces acquisition of shares of First Mining Corp.
First Majestic announces that it has acquired 14,509,279 common shares of First Mining Finance Corp., representing 19.7% of the outstanding common shares of First Mining. The common shares were acquired by First Majestic in its capacity as a shareholder of KCP Minerals, a private company, in accordance with a Plan of Arrangement under the Business Corporations Act pursuant to which all of the outstanding securities of Sundance were exchanged for securities of First Mining.

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