On May 26, 2014, Silver Standard Resources Inc. (USA) (NASDAQ:SSRI)is pleased to announce that Beverlee F. Park has joined the Company’s Board of Directors effective May 20, 2014. Ms. Park will also serve as a member of the Audit Committee and the Safety and Sustainability Committee. Ms. Park is replacing Richard C. Campbell who retired from the Board after serving as a Director of Silver Standard, including service as the Chair of the Safety and Sustainability Committee, since 2008. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) net profit margin is -13.00% and weekly performance is-13.15%. On last trading day company shares ended up $6.534. Analysts mean target price for the company is $11.01. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) distance from 50-day simple moving average (SMA50) is -30.64%.
Coeur Mining Inc (NYSE:CDE), said a price slump for the precious metal is probably exaggerated as demand surged last year. Silver used in electronics, which represents about half of industrial demand, will rise as much as 5 percent this year, Chief Executive Officer Mitchell Krebs said in an interview from Toronto. A rebound in investor appetite for silver bars and coins will also aid the recovery, he said. Coeur Mining Inc (NYSE:CDE) shares advanced 0.74% in last trading session and ended the day on $6.84. CDE Gross Margin is 9.50% and its return on assets is -21.20%. Coeur Mining Inc (NYSE:CDE) quarterly performance is -37.82%.
On May 14, 2014, B2Gold Corp (NYSEMKT:BTG) reports results from its operations for the first quarter ended March 31, 2014. All dollar figures are in United States dollars unless otherwise indicated. Highlights from the first quarter include: Gold production of 96,303 ounces, an increase of 21% over the first quarter of 2013. Consolidated cash operating costs of $634 per ounce of gold, approximately $90 per ounce lower than in the same period of 2013, and 7% below budget. Gold revenue of $129 million on sales of 98,995 ounces at an average price of $1,303 per ounce. Cash flow from operating activities before changes in non-cash working capital of $43.3 million ($0.06 per share), 14% higher than in the previous quarter. B2Gold Corp (NYSEMKT:BTG) shares moved down -1.22% in last trading session and was closed at $2.42, while trading in range of $2.37 – $2.47. B2Gold Corp (NYSEMKT:BTG) year to date (YTD) performance is 19.80%.
HSBC upgraded shares of Harmony Gold Mining Co. (NYSE:HMY) from an underweight rating to a neutral rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports. Harmony Gold Mining Co. (ADR) (NYSE:HMY) ended the last trading day at $2.65. Company weekly volatility is calculated as 3.71%and price to cash ratio as 6.13. Harmony Gold Mining Co. (ADR) (NYSE:HMY) showed a negative weekly performance of -11.65%.
JPMorgan Chase & Co. downgraded shares of Sibanye Gold (NASDAQ:SBGL) from an overweight rating to a neutral rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. Sibanye Gold Ltd (ADR) (NYSE:SBGL) shares moved up 0.61% in last trading session and was closed at $9.82, while trading in range of $9.70 – $9.89. Sibanye Gold Ltd (ADR) (NYSE:SBGL) year to date (YTD) performance is 110.73%.