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Stock Market & Financial Investment News

News Breaks
November 16, 2012
04:55 EDTSVM, SVM, EMXX, EMXX, AXU, AXU, PPP, PPP, HL, HL, GOLD, GOLD, TAHO, TAHO, NG, NG, AUMN, AUMN, FSM, FSM, XRA, XRA, MVG, MVGSummit Business Media holds a conference
2012 San Francisco Hard Assets Investment Conference is being held in San Francisco on November 16-17.
News For SVM;XRA;FSM;AUMN;NG;TAHO;GOLD;HL;PPP;AXU;EMXX;MVG From The Last 14 Days
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July 24, 2015
10:00 EDTGOLDOn The Fly: Analyst Upgrade Summary
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06:41 EDTGOLDRandgold upgraded to Buy from Neutral at Citi
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July 20, 2015
07:11 EDTPPPPrimero expects to replace FY15 production with drilling from 1H15
Primero Mining Corp provided an update on its recent exploration activities at the Black Fox Complex, located near Timmins, Ontario, Canada, and at the San Dimas mine located in Durango, Mexico. Based on the success of its exploration activities to date, the company expects to replace its estimated full-year production with the results of exploration drilling from the first half of 2015. Additionally, the company has approved $6.1M in capital expenditures to advance a ramp to access the Deep Central Zone at Black Fox. "Our 2015 exploration program has been very successful so far," commented Joseph F. Conway, CEO. "Exploration drilling during the first half of 2015 is expected to have already replaced our estimated full-year production at both Black Fox and San Dimas. Drilling at the Black Fox mine has expanded the mineralization in the Deep Central Zone and importantly indicates that mineralization is continuous between the current production level and at least 800 metres below surface. Exploration has been focused on delineating mineralization between the current 560 metre production level, which has an average grade of approximately 6.0 grams per tonne, and the Deep Central Zone with higher-grade mineralization extending to 800 metres, currently with an average grade of approximately 8.5 grams per tonne. As we continue to drill deeper at Black Fox we are encountering higher average grades and wider continuity, which is very promising for the future of the mine. In addition, drilling at San Dimas continues to expand the recently discovered Jessica vein and also delineate other high-grade veins such as Victoria and Perez."
July 17, 2015
10:05 EDTAUMNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Accretive Health (ACHI) downgraded to Market Perform from Outperform at Cowen... Allergan (AGN) downgraded to Outperform from Top Pick at RBC Capital... Best Buy (BBY) downgraded to Underperform from Buy at BofA/Merrill... Cablevision (CVC) downgraded to Hold from Buy at Jefferies... Credit Suisse (CS) downgraded to Hold from Buy at Deutsche Bank... Domino's Pizza (DPZ) downgraded to Sector Weight from Overweight at KeyBanc... First Quantum Minerals (FQVLF) downgraded to Neutral from Outperform at Credit Suisse... First Republic (FRC) downgraded to Market Perform from Outperform at FBR Capital... Fresenius SE (FSNUY) downgraded to Neutral from Buy at Goldman... Golden Minerals (AUMN) downgraded to Neutral from Buy at Roth Capital... JD Wetherspoon (JDWPY) downgraded to Reduce from Neutral at Nomura... NV5 Holdings (NVEE) downgraded to Neutral from Accumulate at Global Hunter... National Oilwell (NOV) downgraded to Sell from Neutral at UBS... Natural Gas Services (NGS) downgraded to Neutral from Buy at Global Hunter... Primoris (PRIM) downgraded to Neutral from Accumulate at Global Hunter... Receptos (RCPT) downgraded to Hold from Buy at Evercore ISI... SKF AB (SKFRY) downgraded to Hold from Buy at Deutsche Bank... STAG Industrial (STAG) downgraded to Sell from Neutral at UBS... SolarWinds (SWI) downgraded to Hold from Buy at Deutsche Bank... Syntel (SYNT) downgraded to Market Perform from Outperform at William Blair... TECO Energy (TE) downgraded to Neutral from Buy at UBS... Tangoe (TNGO) downgraded to Underweight from Equal Weight at Barclays... Tegna (TGNA) downgraded to Hold from Buy at Evercore ISI.
06:45 EDTAUMNGolden Minerals downgraded to Neutral from Buy at Roth Capital
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July 16, 2015
08:09 EDTHLHecla Mining sees FY15 silver production 10.5M-11M oz
Raises FY15 silver production view to 10.5M-11.M oz from 10.5M oz. Lucky Friday mine is now expected to produce 2.8 to 3.0 million ounces of silver in 2015, a reduction over the previous estimate of 3.2 million ounces. With expectations for additional recovery improvements, and the planned addition of a high-grade stope in Zone 123 in the fourth quarter, Casa Berardi is expected to meet its 130,000 gold ounce target for the year. As a result of higher grades and recoveries, the company now expects Greens Creek to produce 7.7 to 8.0 million ounces of silver, an increase over the previous expectation of 7.3 million ounces. Minera Hecla, S.A. de C.V., a wholly owned subsidiary of Hecla Mining Company has entered into a lease agreement with Minera William S.A. de C.V., a wholly owned subsidiary of Golden Minerals Company and owner of the Velardeņa oxide mill in Durango State, Mexico. Under the terms of the agreement, Hecla has exclusive use of the mill for 18 months, with the potential to increase for up to another 12 months. Located within 100 miles of San Sebastian, the mill was previously used by Hecla to process ore when it mined on the property from 2001 to 2005.
08:07 EDTHLHecla Mining reports Q2 silver production down 2% to 2.48M oz
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July 15, 2015
19:00 EDTAUMNGolden Minerals lowers FY15 output guidance to 400K payable Ag Ez Oz
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18:55 EDTAUMNGolden Minerals reports Q2 production of 125K payable Ag Eq Oz
Golden Minerals reported Q2 results of mining activities of approximately 125K ounces of payable silver equivalent, in line with Q1. Q2 mill throughput was negatively impacted by lower than planned amounts of material removed from the mine. The mill has processed up to 370 tpd and averaged 225 tpd during the quarter. The mill did not operate for 19 days during the quarter due to insufficient material delivered from the mine. The mill averaged 280 tpd on days that the mill operated during the quarter. Q2 cash costs per payable silver ounce, net of by-product credits, were approximately $26.00 and are expected to decline as the mine ramps up in Q3. Q2 average grades of material processed were 170 gpt silver and 2.78 gpt gold vs. 178 gpt silver and 2.66 gpt gold in Q1.
18:32 EDTHL, AUMNGolden Minerals enters into lease agreement with Minera Hecla
Golden Minerals Company (AUMN) announced that its wholly-owned subsidiary, Minera William S.A. de C.V., owner of the Velardena Properties in Durango State, Mexico, has entered into a lease agreement with Minera Hecla, S.A. de C.V., a wholly-owned subsidiary of Hecla Mining (HL). Hecla has leased the currently idle Velardena oxide plant for an initial term of 18 months beginning July 1 with potentially two additional six-month extensions beyond the initial 18-month term. Hecla may extend the lease for six months at its option, and then for a subsequent six months unless William elects to use the plant to process material from its own sources. Hecla will make nominal monthly payments to William beginning July 1 until production begins, anticipated to be around January 1, 2016. Once Hecla reaches its intended capacity of approximately 400 tonnes per day, monthly payments to William will be approximately $400,000 per month or nearly $5M annually. Should required licenses and permits not be obtained by March 31, 2016, either party has the right to terminate the agreement. The lease contains typical covenants and termination rights. Hecla is responsible for all costs associated with the start up, operation and maintenance of Plant 2.
07:03 EDTFSMFortuna Silver Mines reports Q2 silver production of 1.7M ounces of silver
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