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Stock Market & Financial Investment News

News Breaks
February 4, 2014
05:33 EDTSSRI, GG, ABXSilver Standard to purchase Marigold Mine for $275M
Silver Standard Resources (SSRI) announces that it has entered into a Purchase and Sale Agreement with subsidiaries of Goldcorp (GG) and Barrick Gold (ABX) to purchase 100% of the Marigold mine, a producing gold mine in Nevada, USA for cash consideration of $275M. Under the terms of the Agreement, Silver Standard will acquire a 100% interest in Marigold for cash consideration of $275M. The purchase price will be funded from cash on hand. Under the terms of the Agreement, Silver Standard will be required to provide financial assurances to the environmental regulatory authorities with respect to Marigold's long term environmental and reclamation obligations. Silver Standard expects the transaction to close in April.
News For SSRI;GG;ABX From The Last 14 Days
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July 22, 2014
06:48 EDTABXInvestors cautious after Barrick leadership shakeup, Reuters says
Barrick Gold shareholders are reacting cautiously to the firm's recent management shakeup due to concerns that they might be given the cold shoulder by an imperious leadership, according to Reuters, citing comments from company spokesman Andy Lloyd. Barrick CEO Jamie Sokalsky will be replaced by two co-presidents after he leaves in September. Reference Link
July 18, 2014
15:18 EDTABX, GGGoldcorp showed interest in Newmont Ghana mines, Bloomberg says
Goldcorp (GG) showed interest in potentially buying gold mines in Africa from Newmont Mining (NEM) while the latter was in merger talks with Barrick Gold (ABX) earlier this year, said Bloomberg, citing people familiar with the situation. Reference Link
14:53 EDTABX, GGGoldcorp showed interest in Newmont Mining assets in Africa, Bloomberg says
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July 16, 2014
09:37 EDTABXActive equity options trading on open
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09:30 EDTABXBarrick Gold CEO Jamie Sokalsky to step down in launch of new executive team
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July 15, 2014
16:00 EDTABXOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
10:00 EDTSSRIOn The Fly: Analyst Upgrade Summary
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July 14, 2014
18:46 EDTSSRISilver Standard upgraded to Outperform from Market Perform at BMO Capital
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July 13, 2014
12:13 EDTABXBarrick partners with Ma'aden to form Jabal Sayid JV
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July 10, 2014
05:19 EDTSSRISilver Standard reports Q2 production results
Silver Standard Resources provides Q2 operational update for the Pirquitas mine in Jujuy, Argentina and the Marigold mine in Nevada, U.S. The Pirquitas mine produced 2M ounces of silver during Q2, higher than the 1.9M ounces produced in Q1. The mine also produced 9.3M pounds of zinc in zinc concentrate in Q2. The quarter-on-quarter increase in metal production is due to an increase in head grade as a result of specific locations mined in accordance with the company's mine plan. During Q2, the company recognized sales of 1.9M ounces of silver and 5.3M pounds of zinc. The decrease in zinc sales reflects unusually high Q1 sales and timing of deliveries. Approximately 402,000 tonnes of ore were milled during Q2, compared to 406,000 tonnes in the Q1. Ore was milled at an average rate of 4,423 tonnes per day, 11% above the mill's nominal design. This compares to an average milling rate of 4,514 tonnes per day in Q1. During the Q2, the Marigold mine produced 22,060 ounces of gold, exceeding quarterly guidance by 10%. Gold sales totaled 21,990 ounces for the quarter. The majority of ore mined in Q2 was from the lower grade upper portions of the Mackay Phase 1 pit while less material was sourced from the Target pit as the company completed Phase 1. The mine moved a total of 18.3M tonnes of material, of which 2.4M tonnes of ore was delivered to the heap leach pads at a grade of 0.34 g/t gold.

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