Beiträge von GSP-Komet

"VANCOUVER, BRITISH COLUMBIA, Apr 17, 2007 (MARKET WIRE via COMTEX) -- GOLDCORP INC. (CA:G:) (GG: goldcorp inc new com) has extended to May 1, 2007 the deadline for accepting Canadian tax elections associated with the acquisition of Glamis Gold.
Goldcorp acquired Glamis Gold effective November 4, 2006 pursuant to a Plan of Arrangement. Eligible Holders of Glamis Gold shares as defined in the tax commentary of the Glamis Gold Notice and Information Circular dated September 25, 2006 were to have delivered tax election forms to Goldcorp by February 2, 2007 in order for Goldcorp Inc. to execute the forms.
All forms accurately prepared, completed and received by May 1, 2007 will be executed by Goldcorp. Incomplete or inaccurate forms that have not been corrected and received by Goldcorp by the deadline will not be executed. As set out in the Information Circular, Goldcorp is not liable for any penalties payable by an Eligible Holder in respect of that holder's late filing of the tax election form with the Canada Revenue Agency.
Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. Its gold production remains 100% unhedged.

"GOLDCORP INC. (CA:G: news, chart, profile) (GG: goldcorp inc new com) today announced that it has executed a binding term sheet to sell 25% of the life-of-mine silver produced from its Penasquito project to Silver Wheaton Corp. ("Silver Wheaton"). Under the terms of the agreement, Silver Wheaton will pay Goldcorp $485 million in cash upon closing of the transaction in exchange for 25% of the silver production. In addition, the term sheet requires Silver Wheaton to pay an ongoing per-ounce operating cost payment equal to the lesser of $3.90 (subject to annual inflationary adjustments) and the prevailing market price per ounce of silver delivered under the contract.
"The addition of cash from this transaction with Silver Wheaton strengthens our already solid balance sheet and provides us tremendous flexibility in funding the construction of Penasquito and our other growth programs," said Kevin McArthur, Goldcorp President and Chief Executive Officer. "Our continued 49% investment in Silver Wheaton as well as our 75% unsold silver stream at Penasquito ensures that we will remain highly leveraged to future upside in silver prices. As always, our gold production will remain 100% unhedged."
As a result of this transaction, Silver Wheaton has extended Goldcorp's right to maintain its pro-rata interest in Silver Wheaton to December 31, 2009. Goldcorp currently owns 49% of the issued and outstanding shares in Silver Wheaton. Silver Wheaton will retain a right of first refusal on any further sales of silver streams from Penasquito for the life of the mine as long as Goldcorp maintains at least a 20% interest in Silver Wheaton. Goldcorp expects to update metals reserves and resources at Penasquito in June 2007.
Closing of the transaction is subject to execution of definitive agreements containing customary representations, warranties and covenants by both parties, as well as receipt of all regulatory approvals and third-party consents, including acceptance by the Toronto Stock Exchange. The transaction is expected to close by May 31, 2007.
CIBC World Markets acted as financial advisor to Goldcorp and provided a fairness opinion to Goldcorp's Board of Directors in connection with this transaction.
Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. Its gold production remains 100% unhedged."

" VANCOUVER, BRITISH COLUMBIA, Apr 16, 2007 (MARKET WIRE via COMTEX) -- Silver Wheaton Corp. ("Silver Wheaton") (CA:SLW) (SLW: silver wheaton corp com) is pleased to announce that it has agreed to acquire from Goldcorp Inc. ("Goldcorp") 25% of the life of mine silver production from Goldcorp's Penasquito Project, located in Zacatecas, Mexico. With this acquisition, Silver Wheaton expects to have annual silver sales of 22 million ounces in 2009, increasing to over 26 million ounces by 2012.
Based on a feasibility study completed in July 2006, the Penasquito Project has reserves representing 17 years of gold, silver, zinc and lead production, with peak annual silver delivery to Silver Wheaton of 8.5 million ounces. The project remains on schedule for initial production from heap leaching of oxide ore by late 2008 and full operation of the mill and flotation circuit by late 2009.
As a result of this transaction, Silver Wheaton's attributable proven and probable silver reserves will increase by 144 million ounces to 278 million ounces (an increase of 107%), attributable measured and indicated silver resources will increase by 62 million ounces to 121 million ounces (an increase of 104%) and attributable inferred silver resources will increase by 221 million ounces to 514 million ounces (an increase of 75%). See reserve and resource tables at the end of this news release.
Goldcorp is continuing exploration drilling on the Penasquito Project. Since the July 2006 feasibility study, Goldcorp has drilled 114 additional core holes totalling over 80,000 meters in length, and reports that results of this latest activity have identified significant intersections that continue to support the potential for resource expansion in 2007.
Silver Wheaton will pay US$485 million in cash for the right to acquire 25% of the Penasquito silver production. In addition, Silver Wheaton will pay an ongoing per-ounce operating cost payment equal to the lesser of US$3.90 (subject to annual inflationary adjustments) and the prevailing market price per ounce of silver delivered under the contract.
Silver Wheaton will not be required to fund any capital expenditures at Penasquito, including any expansion scenarios. Goldcorp will provide a completion guarantee to Silver Wheaton that the Penasquito Mine will be constructed with certain minimum production criteria by certain dates. As a result of this transaction, Silver Wheaton will retain a right of first refusal on any further sales of silver streams from Penasquito for the mine life for so long as Goldcorp maintains at least a 20% interest in Silver Wheaton. Goldcorp's right to maintain its pro-rata interest in Silver Wheaton has been extended to December 31, 2009. Goldcorp currently owns approximately 49% of the issued and outstanding shares of Silver Wheaton.
In order to fund the US$485 million cash consideration, Silver Wheaton has arranged US$485 million in bank debt through the Scotia Capital Inc. and BMO Capital Markets. Silver Wheaton will not issue any shares in connection with the transaction.
"This acquisition is company transforming, providing Silver Wheaton with a significant silver stream at a low, fixed, cost for many years. In addition, we have the benefit of the exploration and production upside, if production levels or mine life exceed those envisioned in the July, 2006 feasibility study," said Peter Barnes, President and Chief Executive Officer of Silver Wheaton. "This transaction is significantly accretive, increasing the long-term cash flow per share by approximately 20%. In financing the acquisition with no equity dilution, we have maximized long-term value for our shareholders."
Scotia Capital Inc. acted as financial advisor to Silver Wheaton with respect to the transaction.
Silver Wheaton appointed a special committee of non-executive directors not related to Goldcorp to consider and make a recommendation on the transaction and the special committee has unanimously recommended the approval of the transaction. The Board of Directors of Silver Wheaton, on the recommendation of the special committee, has also approved the transaction.
TD Securities Inc. acted as financial advisor and provided a fairness opinion in respect of the transaction to the special committee of the Board of Directors of Silver Wheaton.
Closing of the transaction is subject to execution of definitive agreements containing customary representations, warranties and covenants by both parties, as well as receipt of all required regulatory approvals and third party consents, including acceptance by the Toronto Stock Exchange. The transaction is expected to close by May 31, 2007.

"Silver Wheaton Corp. (SLW) has agreed to acquire from Goldcorp Inc. (GG) 25% of the life-of-mine silver production from Goldcorp's Penasquito Project in Zacatecas, Mexico for $485 million in cash.
In addition, Silver Wheaton will pay an ongoing per-ounce operating cost payment equal to the lesser of $3.90 (subject to annual inflationary adjustments) and the prevailing market price per ounce of silver delivered under the contract.
With this acquisition, Silver Wheaton expects to have annual silver sales of 22 million ounces in 2009, increasing to more than 26 million ounces by 2012.
As a result of this transaction, Silver Wheaton's attributable proven and probable silver reserves will increase by 144 million ounces to 278 million ounces, attributable measured and indicated silver resources will increase by 62 million ounces to 121 million ounce and attributable inferred silver resources will increase by 221 million ounces to 514 million ounces.
Silver Wheaton, Vancouver, is a silver-mining company. Goldcorp owns 49% of Silver Wheaton."

Silver Wheaton agrees to buy Penasquito stake from Goldcorp - MarketWatch

"A top gold-mining name in his fund is Goldcorp Inc. (GG: goldcorp inc new com). The company just underwent a big merger and has been increasing gold reserves and production capabilities, he says. "They're well-positioned to expand even more and exceed average industry growth rates," Vail said."

" TORONTO, ONTARIO, Apr 19, 2007 (MARKET WIRE via COMTEX) -- Crystallex International Corporation (CA:KRY: news, chart, profile) (KRY: Crystallex International Corporation) ("Crystallex" or the "Company") announced today that it has filed a final short form prospectus with regulatory authorities in Canada relating to its previously announced public offering of 12,500,000 common shares at C$4.25 per share for gross proceeds of C$53,125,000 in respect of which a preliminary short form prospectus was filed on April 4, 2007.
The common shares are being offered on a bought deal basis in the provinces of Ontario, Alberta, British Columbia, Manitoba, Nova Scotia and Newfoundland and Labrador and in the United States via a private placement to accredited investors. Crystallex has granted the underwriters an over-allotment option to purchase up to an additional 1,875,000 common shares, exercisable at any time, in whole or in part, for a period of up to 30 days after the closing of the offering, at the same offering price as set forth above for additional gross proceeds of C$7,968,750.
Crystallex intends to use the net proceeds from the offering and any exercise of the over-allotment option for the development of, and pre-construction costs and post-permit expenses relating to, the Las Cristinas project, to repay portions of existing indebtedness, and for general working capital purposes.
The offering is subject to normal regulatory approvals. A copy of the final short form prospectus has been filed via SEDAR ( http://www.sedar.com)."

"In my previous columns about Beat the Street -- How to Win a Stock-Picking Contest and Beat the Street by Playing Ugly -- I wrote about Crystallex (KRY), Movado (MOV) and Global Payments (GPN), all of which have done very well."

"He also suggested that game players sell Oilsands Quest (BQI) and Crystallex (KRY)."

" DENVER, April 16, 2007 /PRNewswire-FirstCall via COMTEX/ -- ROYAL GOLD, INC. (RGLD: Royal Gold Inc) (CA:RGL) , the leading publicly-traded precious metals royalty company, announced today that its corporate presentation will be webcast from the European Gold Forum in Zurich, Switzerland. Tony Jensen, President and Chief Executive Officer, will provide an overview of the Company on April 19, 2007, at 10:35 a.m. Central European Summer Time (4:35 a.m. Eastern time/2:35 a.m. Mountain time).
This webcast may be accessed through the Company's web site at http://www.royalgold.com under the Investor Relations/Presentation section.
Royal Gold is a precious metals royalty company engaging in the acquisition and management of precious metals royalty interests. Royal Gold is publicly traded on the NASDAQ Global Select Market, under the symbol "RGLD," and on the Toronto Stock Exchange, under the symbol "RGL." The Company's web site is located at http://www.royalgold.com.
SOURCE Royal Gold, Inc."

" DENVER, April 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- ROYAL GOLD, INC. (RGLD: Royal Gold Inc)) (CA:RGL) ("Royal Gold") and Battle Mountain Gold Exploration Corp. (BMGX: battle mtn gold expl corp com) ("Battle Mountain") announced today that they have signed a definitive merger agreement under which Royal Gold will acquire 100% of the fully diluted shares of Battle Mountain in an all-stock merger transaction. The merger agreement was unanimously approved by both companies' boards of directors. This transaction was initially discussed in Royal Gold's March 5, 2007, press release.
The consideration payable to Battle Mountain shareholders will depend on the average trading price of Royal Gold's common stock preceding the closing, and ranges from 1,634,410 Royal Gold shares, if the Company's stock price is at $29.00 or below, to 1,570,507 Royal Gold shares, if the Company's stock price is at $30.18 or above. A proportional adjustment will be made between these two trading prices. On a per share basis, Royal Gold will pay Battle Mountain shareholders between 0.0172 and 0.0179 shares of Royal Gold's common stock. This consideration is also subject to a potential holdback of approximately 50,000 Royal Gold shares, or approximately 0.0006 Royal Gold shares on a per share basis, for contingent liabilities.
Royal Gold has obtained agreements from Mark Kucher, Chairman of Battle Mountain, and IAMGOLD Corporation providing that each will vote its respective shares in favor of the merger transaction. These agreements represent approximately 39.9% of the outstanding shares of Battle Mountain.
The closing of this transaction is subject to Battle Mountain shareholder approval, satisfactory completion of due diligence, receipt of any regulatory approvals, and satisfaction of customary conditions.
Battle Mountain is a precious metals royalty company with a portfolio consisting of royalties on 12 properties located mainly in the Americas. Their principal assets include a 3.25% net smelter return ("NSR") royalty on gold production and a 2.0% NSR royalty on silver production from the Dolores project in Mexico, which is under development by Minefinders Corporation Ltd. Battle Mountain has disclosed that their royalty properties contain approximately 4.8 million ounces of gold reserves and 136 million ounces of silver reserves.
Royal Gold is a precious metals royalty company engaging in the acquisition and management of precious metal royalty interests. Royal Gold is publicly-traded on the NASDAQ Global Select Market under the symbol "RGLD," and on the Toronto Stock Exchange under the symbol "RGL." The Company's web page is located at http://www.royalgold.com.

"Royal Gold Inc. (RGLD) signed a definitive agreement to acquire Battle Mountain Gold Explorations Corp. (BMGX), a Reno, Nev., precious metals royalty company, in an all-stock transaction.
Battle Mountain's compensation depends on the average trading price of Royal Gold's stock preceding the closing. The compensation ranges from 1,634,410 Royal Gold shares if the stock price is at $29 or below, to 1,570,507 shares if the stock price is at $30.18 or above, with a proportional adjustment to be made between the two prices.
On a per-share basis, Battle Mountain shareholders will receive between 0.0172 and 0.0179 shares of Royal Gold stock, which is subject to a potential holdback of about 50,000 Royal Gold shares, or about 0.0006 shares on a per share basis.
The deal represents about 39.9% of Battle Mountain's outstanding shares."

"SANTIAGO, Apr 20, 2007 (Dow Jones Commodities News via Comtex) -- Chilean state copper giant Corporacion Nacional del Cobre, or Codelco, and Canadian gold miner Barrick Gold Corp. (ABX) signed a deal to jointly explore and eventually develop copper deposits in northern Chile, Codelco said Friday.
Codelco declined to provide how much will be invested in the joint venture, to be called Sociedad Minera Sierra Mariposa, but said as it has in other ventures that it contributed the mining property to the deal.
Codelco and former mining company Placer Dome, which Barrick recently acquired, had already been jointly exploring in the northern Second region in Chile.
Barrick is the world's largest gold producer, and Codelco world's biggest copper miner."

"Barrick Gold Corp. (ABX) sold the bulk of its stake in Novagold Resources Inc. (NG) earlier Friday to a group of institutional investors at US$16.25 a share, Barrick spokesman Vincent Borg confirmed."

"By comparison," he added, "rivals like Barrick Gold (ABX) and Newmont Mining (NEM) have production profiles that are flattening out."

DENVER, Apr 02, 2007 (BUSINESS WIRE) -- Apollo Gold Corporation ("Apollo" or the "Company") (AGT: apollo gold corp com) (CA:APG) reports the results for the three months and year ended December 31, 2006 (in US dollars, unless otherwise indicated) as follows.

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2007 Outlook
Montana Tunnels mine - The mine is a 50/50 joint venture with Elkhorn. During 2007 the mine is expected to mine 7,200,000 tons waste material and 5,800,000 tons of ore for a total of 13,000,000 tons mined giving a stripping ratio of 1.24:1. With the resumption of the milling of ore on March 1, 2007, the mine is expected to mill 4,500,000 tons of ore and to produce the following payable metals during 2007: 40,000 ozs of gold, 250,000 ozs of silver, 11,500,000 lbs of lead and 25,000,000 lbs of zinc. Apollo's share of this production is: 20,000 ozs of gold, 125,000 ozs of silver, 5,750,000 lbs of lead and 12,500,000 lbs of zinc. We expect our share of capital expenditures to be approximately $0.7 million.
Black Fox project - We anticipate that our third party consultant, SRK Consulting, Inc., will complete an NI 43-101 compliant underground reserve in the second quarter 2007, which should be followed up six months later by a feasibility study based on a combined open pit and underground mining operation along with an on site mill. Permitting of the operation is ongoing and should be completed late 2007 or early 2008.
In 2007, we plan to undertake two drilling programs at Black Fox: (a) deep hole core drilling and (b) shallow hole core drilling. The goals of the two programs are to (i) expand the mineralization along strike and down dip of the present resources along the Destor-Porcupine Fault and (ii) expand the base metal/gold discovery in the footwall to see if the two systems intersect at depth. This drilling campaign will be financed from flow-through funding. Capital expenditures to cover the above are forecast to be approximately $4.5 million.
Huizopa project - During 2007 our focus at Huizopa will be to advance the exploration phase of the project, specifically, construction of a dirt road to give easier access for a drilling campaign. The drilling will be a reverse circulation drilling program of approximately 25 holes and a core drill program of approximately 25 holes lasting from September to November (after the road is completed). The cost of the project is expected to be approximately $2.5 million for the year 2007.
Apollo Gold Corporation
Apollo is a gold mining and exploration company with a mine as described above as the Montana Tunnels mine, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico.

COEUR D'ALENE, Idaho, Apr 05, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE) announced that it is today furnishing to the U.S. Securities and Exchange Commission copies of its annual report to shareholders for the year ended December 31, 2006. The annual report, which is being mailed to shareholders along with the proxy statement relating to the annual meeting of shareholders to be held on May 8, 2007, and posted on the company's website ( http://www.coeur.com), includes a copy of the Company's Form 10-K for that year that was filed with the SEC on February 22, 2007. Shareholders may receive free of charge upon request a hard copy of the annual report.
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.
SOURCE: Coeur d'Alene Mines Corporation

Sound Advice, unlike Outstanding Investments, is not ideologically committed to oil and gold. But it does say in its most recent issue, "the dollar has not finished dropping, so keep precious metals in your portfolio." It specifically mentions Coeur d'Alene Mines Corp. (CDE: Coeur d'Alene Mines Corporation).

TORONTO, ONTARIO, Apr 02, 2007 (MARKET WIRE via COMTEX) -- This news release contains forward-looking statements. Reference should be made to "Forward-looking Statements" at the end of this news release.
North American Palladium Ltd. ("NAP") (CA:PDL: news, chart, profile) (PAL: north amern palladium ltd com) through its wholly-owned subsidiary Lac des Iles Mines Ltd., is pleased to report an updated mineral resource estimate for its Offset High Grade Zone located at the Lac des Iles Mine in northwestern Ontario.
The Offset High Grade Zone (OHGZ) was first identified in 2001 and is located some 250 metres to the southeast of the High Grade Roby Zone which is currently being mined. To date, the OHGZ hosts more than three times the tonnage of the High Grade Roby Zone and remains open along strike to the north, south and at depth.
In 2006 a successful $3.3 million infill drilling program from surface on the OHGZ permitted the upgrade of a portion of the known Inferred Resource into the Indicated category while also demonstrating good continuity of significant widths with increased copper and nickel grades in comparison to that encountered in the Roby High Grade Zone. (Details of these results have been disclosed in press releases dated September 14 and March 2, 2006.) As a result, the following updated mineral resource estimate was prepared by Scott Wilson Roscoe Postle Associates Inc. In comparison with the previous Inferred Mineral Resource estimate at year end 2005, over 3.2 million tonnes have been upgraded to the Indicated Resource category.

Pacific North West Capital Corp. in alliance with SOQUEM to spend $460,000 on exploration programs in Quebec, 2007

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On February 26, 2007, PFN and Stillwater Mining Company ('Stillwater') (SWC : Stillwater Mining Company) entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project ("GBPP"), Alaska. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects for $500,000 in 2007 and includes the provision for Stillwater to enter into option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects. Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. PFN is the operator of the project.
On November 17, 2006, Stillwater acquired approximately 11% interest in PFN by completing a $2 million private placement. On December 12, 2006, PFN announced a $0.47 private placement for $1 million in which Stillwater maintained their position by a proportionate investment in the placement.

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