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Gold Miners Retreat
Tuesday, August 23, 2011 - 9:44am | 220Many of the leading gold mining stocks have rallied sharply higher from August 5, 2011. At that time, the popular Market Vectors Gold Miners ETF (NYSE: GDX) was trading as low as $53.77 a share. The leading gold mining stocks are pausing today from their recent advance. This morning, the GDX is...
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Notable Call Options Activity in Yamana Gold
Tuesday, August 23, 2011 - 9:26am | 97Shares of Yamana Gold (NYSE: AUY) are lower on the session by 0.78%, currently trading at $15.96. The stock has been moving largely higher over the past three months and is currently trading above the 50-day average. Options traders are focusing on calls today. A short while ago the April 2012 $20...
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Benzinga's Top Pre-Market Losers
Tuesday, August 23, 2011 - 7:13am | 92Neurocrine Biosciences Inc (NASDAQ: NBIX) fell 3.34% to $5.50 in the pre-market trading. NBIX's trailing-twelve-month ROA is 3.57%. ProShares UltraPro Short QQQ (NASDAQ: SQQQ) dipped 3.20% to $31.50 in the pre-market session. Randgold Resources Limited (NASDAQ: GOLD) lost 1.00% to $112.60 in the...
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Allied Nevada Significantly Increases Hycroft Mineral Reserves to 10.2 Million Ounces of Gold and 388.6 Million Ounces of Silver (17.0 Million Ounces AuEq)
Tuesday, August 23, 2011 - 6:01am | 197Allied Nevada Gold Corp. (NYSE: ANV) is pleased to announce a summary of the updated mineral reserve and resource estimates for its wholly owned Hycroft Mine located near Winnemucca, Nevada. The significant reserve increase is due to the conversion of resources reflecting the Heap Leach and Mill...
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Nevsun Resources Finalizes Arrangements to Purchase 30% of Bisha Mine for $235.5M
Tuesday, August 23, 2011 - 5:57am | 128Nevsun Resources Ltd. (NYSE: NSU) advises that it has finalized its arrangements with the State of Eritrea regarding the purchase of 30% of the Bisha mine by the Eritrean National Mining Corporation. The agreed price is US$253.5 million, which will be settled from the after tax cash flows generated...
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Kinross Completes US$1 Billion Unsecured Debt Offering
Monday, August 22, 2011 - 3:31pm | 88Kinross Gold Corporation (NYSE: KGC) announced today that it has closed its previously announced US$1 billion offering of debt securities, consisting of US$250 million principal amount of its 3.625% Senior Notes due 2016, US$500 million principal amount of its 5.125% Senior Notes due 2021 and US$...
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Don't Forget About This Gold Miners ETF
Monday, August 22, 2011 - 2:48pm | 436In case you didn't get the memo, after months of underperformance relative to spot gold prices, ETFs that track gold miners are finally starting to act right. In recent weeks, perhaps the worst thing that can be said of these ETFs is that they are performing “less bad” than the broader market and...
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Randgold Resources Soaring As Gold Nears $1,900
Monday, August 22, 2011 - 2:01pm | 96Randgold Resources Ltd. (NASDAQ: GOLD) shares are soaring today, gaining more than 3% as gold continues to zoom higher. The precious metal closed pit trading just under $1,900 an ounce today, and was recently trading around $1,892 an ounce in extended hours trading. As such, the gold miner is...
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Top Narrow Based Indexes For August 22
Monday, August 22, 2011 - 9:41am | 173By 10:38 am, the Dow Jones Industrial Average was up 139.33 points, or 1.29%, to 10,956.98, while the broader Standard & Poor's 500 index had gained 12.91 points, or 1.15%. The NASDAQ composite index rose 34.52 points, or 1.47%. Some of the narrow based indexes that are driving the markets...
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Benzinga's Volume Movers
Monday, August 22, 2011 - 9:26am | 136Travelzoo Inc (NASDAQ: TZOO) shares surged 6.57% to $34.69 at 10:24 am. The volume of TZOO shares traded was 64% higher than normal. TZOO's board of directors authorized the repurchase of up to 500,000 of the company's outstanding common shares. Allot Communications Ltd (NASDAQ: ALLT) shares moved...
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NASDAQ Stocks Hitting 52-Week Highs
Monday, August 22, 2011 - 9:18am | 137Susser Holdings Corporation (NASDAQ: SUSS) shares rose 2.73% to create a new 52-week high of $19.93. SUSS shares have surged 69.14% over the past 52 weeks, while the S&P 500 index has gained 4.84% in the same period. STAAR Surgical Company (NASDAQ: STAA) shares gained 2.16% to create a new 52-...
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Stifel Nicolaus Maintains Hold on Eldorado Gold
Monday, August 22, 2011 - 8:11am | 93Stifel Nicolaus is out with its report today on Eldorado Gold (NYSE: EGO), maintaining Hold. In its report, Stifel Nicolaus writes, "Eldorado boasts an attractive cost base, strong growth profile, and disciplined management; however, we believe these factors are fairly reflected in the company's...
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Pre-Market Gainers; Clearwire up on Takeover Rumors
Friday, August 19, 2011 - 7:25am | 79Clearwire (NASDAQ: CLWR) +22.08% on talks about a possible buyout by Sprint. Tanzanian Royalty Exploration (NYSE: TRX) +19.86% - the company reported yesterday a commencement of detailed resource definition and exploration drilling program on its Buckreef Gold Project in Tanzania. Golden Star...
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Kinross Announces $1 Billion Unsecured Debt Offering
Tuesday, August 16, 2011 - 7:32am | 99Kinross Gold Corporation (NYSE: KGC) announced today that it has priced a US$1 billion offering of debt securities, consisting of US$250 million principal amount of its 3.625% Senior Notes due 2016, US$500 million principal amount of its 5.125% Senior Notes due 2021 and US$250 million principal...
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Harmony Gold Mining Reports Rise In Net Profit
Monday, August 15, 2011 - 6:33am | 80Harmony Gold Mining Co (NYSE: HMY) posted a rise in its net profit for the full year. Harmony Gold Mining's net profit came in at 617 million rand ($87 million), versus a loss of ZAR192 million ($24 million) in 2010. Its headline earnings surged to ZAR957 million from ZAR4 million in 2010. Gold...