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Window Dressing 06-27-2011
Monday, June 27, 2011 - 2:25pm | 1003Cusick's Corner Window dressing -- the grind to the upside could be a combination of some end of the quarter window dressing with a twist of shorts being squeezed. The market has again held critical support, 1256 on the S&Ps, and found legs to bounce, plus Tech is leading again. Now I take...
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Puts Purchased on New Gold Inc.
Monday, June 27, 2011 - 9:43am | 136Shares of New Gold Inc. (AMEX: NGD) are lower on the session by 1.14%, currently trading at $9.59. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. Though action has been...
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Aurizon Announces Appointment of George Paspalas as Chief Executive Officer
Monday, June 27, 2011 - 6:06am | 161Aurizon Mines (NYSE: AZK) is pleased to announce that George N. Paspalas has agreed to join the Company as President and Chief Executive Officer and as a member of the Company's Board of Directors, effective August 15, 2011. David Hall will continue as President & Chief Executive Officer until...
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Randgold Resources Limited Announces Restricted Stock Awards
Friday, June 24, 2011 - 8:19am | 72Randgold Resources Limited (NASDAQ: GOLD) announces that in terms of the company's remuneration for non-executive directors approved by shareholders at the Annual General Meeting on 3 May 2011, an award of 1 200 restricted shares was made to each non-executive director and 3 600 to the chairman on...
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Nova Gold Trading Up Over 7% in Pre-Market On New Mining Project Study
Friday, June 24, 2011 - 6:54am | 105Nova Gold (NYSE: NG) is up over 7% in pre-market on the announcement that a study for a new mining project is almost completed. NovaGold Resources (NYSE: NG) announces significant advancement towards completion of the prefeasibility study on its Galore Creek copper-gold-silver project located in...
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Top 4 Large-Cap Stocks In The Gold Industry With The Highest EPS
Thursday, June 23, 2011 - 11:59pm | 132Below are the top large-cap gold stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at Newmont Mining Corporation (NYSE: NEM) is $4.47. NEM's operating margin for the same period is 43.71%. The trailing-twelve-month earnings per share at...
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NovaGold Reports Significant Advancement Progress on Galore Creek Prefeasibility Study
Thursday, June 23, 2011 - 8:08am | 281NovaGold Resources (NYSE: NG) announces significant advancement towards completion of the prefeasibility study on its Galore Creek copper-gold-silver project located in northwestern British Columbia. The study is being prepared by Galore Creek Mining Corporation, owned equally by subsidiaries of...
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 4:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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Benzinga's Top ETF Gainers, June 22nd (AGA, FXP, EPV, NUGT)
Wednesday, June 22, 2011 - 4:40pm | 218PowerShares DB Agriculture Double Short ETN (NYSE: AGA) gained 4.04% on Wednesday, and it closed at $18.04. The Front month wheat futures dropped more than 5%, while corn futures lost more than 4%. ProShares UltraShort FTSE/Xinhua China 25 (NYSE: FXP) added 3.63%, and it closed at $29.42. CNOOC...
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IAMGOLD Receives $667M Cash From the Sale of Its Interest in Tarkwa and Damang
Wednesday, June 22, 2011 - 12:50pm | 55IAMGOLD Corporation (NYSE: IAG) announced today the closing of the sale of its 18.9% interest in the Tarkwa and Damang gold mines in Ghana, West Africa to Gold Fields Limited for $667 million in cash. Gold Fields already owned 71.1% of the mines and the Government of Ghana the remaining 10%.
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Options Brief: Allied Nevada Gold Corp.
Wednesday, June 22, 2011 - 10:17am | 75Shares of Allied Nevada Gold Corp. (NYSE: ANV) are higher on the session by 6.28%, trading at $34.85. Overall put volume is now running at 6.91x the daily average, with 2% of all puts traded being purchases on the offer. 3,644 contracts have traded on the session so far. Allied Nevada Gold Corp...
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More Positive Drill Results From Richmont's Monique Project
Wednesday, June 22, 2011 - 7:32am | 40Richmont Mines (NYSE: RIC) is pleased to provide updated drill results from the completed 8,117 metre exploration drill program on the G and J zones of the Monique project located near Val-d'Or, Quebec.
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Aurizon Mines Ltd.: Deeper Drilling at Marban Reveals Added Upside With 5.3 Grams of Gold Per Tonne Over 12.8 Metres
Wednesday, June 22, 2011 - 6:03am | 252Aurizon Mines Ltd (NYSE: AZK) is pleased to report the latest drilling results at the Marban Block property, located in the Malartic gold camp, Abitibi region of Quebec. Highlights from 23 new drill holes include 5.3 grams of gold per tonne over 12.8 metres (MB-11-191) obtained along the depth...
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Benzinga's Top ETF Gainers, June 21st (SOXL, NUGT, URTY, TQQQ)
Tuesday, June 21, 2011 - 5:08pm | 181Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) spiked 7.53% on Tuesday, and it closed at $42.13. In the semiconductor space, Advanced Micro Devices, Inc. (NYSE: AMD) jumped 4.79%, and Cisco Systems, Inc. (NASDAQ: CSCO) added 2.44%. Direxion Daily Gold Miners Bull 2X Shares (NYSE: NUGT)...
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Gold Reserve Inc. Announces Notification of Delisting from NYSE Amex
Tuesday, June 21, 2011 - 8:28am | 269Gold Reserve (NYSE: GRZ) has received a written notice dated June 20, 2011, that the NYSE Amex LLC intends to file a delisting application with the United States Securities and Exchange Commission to remove the Company's common shares from being listed on the Exchange. This determination, which the...