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IAMGOLD Receives $49 Million From La Arena Option
Wednesday, February 9, 2011 - 2:27pm | 128IAMGOLD Corporation (NYSE: IAG) today announced that Rio Alto Mining Limited has exercised its option to acquire 100% of IAMGOLD's Peruvian copper/gold project for US$49 million cash. In 2008, the Company initiated a strategy to rationalize its non-core exploration assets and in June 2009...
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Richmont Mines (AMEX: RIC) Shows Why Gold and Silver Bars Don't Cut It
Wednesday, February 9, 2011 - 10:54am | 897If you want to get rich from gold and silver, the physical bars and coins won't cut it. Physical metals are great as a store of value, but that's it. The best we can realistically hope for with gold and silver bullion is to stay one step ahead of inflation, and...
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Richmont Mines (AMEX: RIC) Shows Why Gold and Silver Bars Don't Cut It
Wednesday, February 9, 2011 - 10:54am | 897If you want to get rich from gold and silver, the physical bars and coins won't cut it. Physical metals are great as a store of value, but that's it. The best we can realistically hope for with gold and silver bullion is to stay one step ahead of inflation, and...
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Top Narrow Based Indexes For February 8 (RHB, CCME, SA)
Tuesday, February 8, 2011 - 10:56am | 210By 10:50 am, the Dow Jones Industrial Average was up 28.49 points, or 0.23%, to 12,190.12, while the broader Standard & Poor's 500 index had gained 2.06 points, or 0.16%. The NASDAQ composite index rose 1.62 points, or 0.06%. Some of the narrow based indexes that are supporting the markets are...
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Benzinga's Top Pre-Market NASDAQ Gainers (OREX, PGNX, GOLD, GENZ)
Monday, February 7, 2011 - 8:18am | 164Orexigen Therapeutics Inc (NASDAQ: OREX) rose 5.41% to $3.80 in the pre-market session. OREX shares have dropped 41.11% over the past 52 weeks, while the S&P 500 index has gained 22.95% in the same period. Progenics Pharmaceuticals Inc (NASDAQ: PGNX) added 4.17% to $6 in the pre-market session...
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Top 4 Large-Cap Stocks In The Gold Industry With The Highest EPS Estimates (NEM, AU, ABX, BVN)
Monday, February 7, 2011 - 4:09am | 150Below are the top large-cap gold stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Newmont Mining Corporation (NYSE: NEM) for the next year ending December, 2011 is $5.02 per share. NEM's trailing-twelve-month operating margin is 43.80%....
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Market Grind Wearing on Traders 02-04-2011
Friday, February 4, 2011 - 6:21pm | 800Cusick's Corner While the market sentiment and trend is bullish, this grinding consolidation is starting to wear on traders. The market needs Financials to break consolidation in order to be in full on bull mode. Tech, QQQQ/XLK, have been leaders, but looks like put activity is picking up (see ETF...
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Trading Halted: Crystallex International (NYSE: KRY)
Friday, February 4, 2011 - 1:46pm | 14Trading Halted: Crystallex International (NYSE: KRY)
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Options Brief: NovaGold Resources (NG)
Friday, February 4, 2011 - 11:32am | 79Shares of NovaGold Resources (NASDAQ: NG) are higher on the session by 1.28%, trading at $14.83. Overall put volume is now running at 19.82x the daily average, with 0% of all puts traded being purchases on the offer. 120,566 contracts have traded on the session so far. NovaGold Resources Inc. is a...
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Options Brief: Jaguar Mining Inc. (JAG)
Friday, February 4, 2011 - 10:44am | 95Shares of Jaguar Mining Inc. (NYSE: JAG) are higher on the session by 1.46%, trading at $5.57. Overall call volume is now running at 5.37x the daily average, with 36% of all calls traded being purchases on the offer. 1,322 contracts have traded on the session so far. Jaguar Mining Inc. engaged in...
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Wunderlich Securities Rates Aspen Insurance Holdings Buy, $37 PT (AHL)
Friday, February 4, 2011 - 8:47am | 162Wunderlich Securities rated Aspen Insurance Holdings (NYSE: AHL) as a Buy with a $37 price target in a research report published today. In the report, Wunderlich Securities states, "Aspen Insurance Holdings (AHL) is expected to report 4Q10 and 2010 results on Monday, February 7, after the market...
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Mining Stocks News; Newmont (NYSE:NEM) Expands Nevada Growth Potential With Acquisition of Fronteer Gold (TSX, NYSE Amex: FRG)
Friday, February 4, 2011 - 8:00am | 53DENVER - February 4, 2011 (Investorideas.com Mining stocks newswire) - Newmont Mining Corporation (NYSE:NEM) and Fronteer Gold Inc. (TSX, NYSE Amex: FRG) today announced that they have entered into an agreement pursuant to which Newmont will acquire all of the outstanding common shares of Fronteer...
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Mining Stocks News; Newmont (NYSE:NEM) Expands Nevada Growth Potential With Acquisition of Fronteer Gold (TSX, NYSE Amex: FRG)
Friday, February 4, 2011 - 8:00am | 53DENVER - February 4, 2011 (Investorideas.com Mining stocks newswire) - Newmont Mining Corporation (NYSE:NEM) and Fronteer Gold Inc. (TSX, NYSE Amex: FRG) today announced that they have entered into an agreement pursuant to which Newmont will acquire all of the outstanding common shares of Fronteer...
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Horizonte Minerals raises new cash to fast-track Araguaia nickel project in Brazil
Friday, February 4, 2011 - 4:27am | 528Horizonte Minerals (LON:HZM) , the AIM-quoted mineral exploration and development company working in Brazil, has raised £8.25m in share placing priced at 25p in response to what it called “institutional demand”. The Horizonte share price has jumped from 15p since the start of the year, reaching...
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Benzinga's Top ETF Gainers, February 3rd (AGA, GDXJ, AGQ, SIL, XRT)
Thursday, February 3, 2011 - 6:54pm | 261PowerShares DB Agriculture Double Short ETN (NYSE: AGA) led the gainers among the ETFs on Thursday, with an increase of 7.37%. AGA traded higher on the weakness in sugar, which dropped approximately 9%, after reports showed that the damage to Australia's cane plantations from cyclone Yasi is not as...