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Stock Market & Financial Investment News

News Breaks
June 12, 2012
05:28 EDTXPLSandstorm Gold acquires NSR Royalty from Solitario and Ely Gold for $10M
Solitario Exploration & Royalty Corp. and Ely Gold & Minerals are pleased to announce that Sandstorm Gold has purchased a 2.4% net smelter returns royalty, or NSR, on the Mt. Hamilton gold project for $10M. The Mt. Hamilton gold project, located in Nevada, U.S.A., is held by Mt. Hamilton LLC that is 80%-owned by Solitario and 20%-owned by Ely. MH-LLC received an upfront payment of $6M upon signing the agreement and will receive a future cash remittance of $4M on January 15, 2013. As part of the agreement, MH-LLC will have the option, for a period of 30 months, to repurchase up to 100% of the NSR for $12M, provided that Solitario enters into a gold stream agreement with Sandstorm that has an upfront deposit of no less than $30M. In addition, MH-LLC has provided Sandstorm with a right of first refusal on any future royalty or gold stream financing for the Mt. Hamilton project.
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November 17, 2014
09:18 EDTXPLSolitario price target lowered to $1.50 from $2 at Roth Capital
Roth Capital cut its price target on Solitario after revising its gold and silver price forecasts for the remainder of 2014 and beyond. The firm continues to believe that the company's assets are undervalued and keeps a Buy rating on the shares.

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