On May 27, 2014, IAMGOLD Corp (USA) (NYSE:IAG) provided an update from ongoing exploration activities at its newly optioned Monster Lake project located 50 kilometres southwest of Chibougamau, Quebec, Canada. IAMGOLD initiated the current exploration program on the project at the end of 2013 pursuant to an Earn-In Agreement finalized with TomaGold Corporation (LOT.V), in which IAMGOLD may earn a 50% interest in each of the Monster Lake, Winchester and Lac à l’eau jaune properties, collectively referred as the Monster Lake Project. To earn its interest IAMGOLD must complete scheduled cash payments and exploration expenditures totaling US$17.6 million over five years. IAMGOLD Corp (USA) (NYSE:IAG) net profit margin is -74.90% and weekly performance is 8.25%. On last trading day company shares ended up $3.41. Analysts mean target price for the company is $4.35. IAMGOLD Corp (USA) (NYSE:IAG) distance from 50-day simple moving average (SMA50) is -0.46%.
May 23, 2014 Silvercorp Metals Inc. (USA) (NYSE:SVM) announced that its Board of Directors has declared a quarterly dividend of CAD$0.005 per share (CAD$0.02 per share on an annual basis) to be paid on or before July 18, 2014, to shareholders of record at the close of business June 30, 2014. The dividends are considered eligible dividends for Canadian tax purposes. Silvercorp Metals Inc. (USA) (NYSE:SVM) shares advanced 1.23% in last trading session and ended the day on $1.64. Gross Margin is 44.60% and its return on assets is -7.90%. Silvercorp Metals Inc. (USA) (NYSE:SVM) quarterly performance is -32.23%.
Asset manager Sentry Investments, which owns about 17 percent of Timmins, said the company’s assets had been mismanaged and the board was not sufficiently independent. Timmins said in a release that it was considering the views of its shareholders and was confident it can resolve the issue. It said it was applying to postpone its annual shareholders’ meeting to Sept. 23. Sentry is the company’s largest shareholder, according to Thomson Reuters data. Sentry’s proposed nominees include Tony Hawkshaw, former chief financial officer of Rio Alto Mining Ltd and Pan American Silver Corp (USA) (NASDAQ:PAAS), and Oliver Lennox-King, non-executive chairman of explorer Roxgold Inc. Pan American Silver Corp. (USA) (NASDAQ:PAAS) shares moved up 0.41% in last trading session and was closed at $12.31, while trading in range of $12.05-$12.35. Pan American Silver Corp. (USA) (NASDAQ:PAAS) year to date (YTD) performance is 7.14%.
Standard & Poor’s Ratings Services said it affirmed its ‘BBB+’ long-term issuer credit and senior unsecured debt ratings on Vancouver-based gold producer Goldcorp Inc. (NYSE:GG). Goldcorp Inc. (USA) (NYSE:GG) ended the last trading day at $22.82. Company weekly volatility is calculated as 2.17% and price to cash ratio as 18.06. Goldcorp Inc. (USA) (NYSE:GG) showed a negative weekly performance of -3.14%.
Barrick Gold Corporation (USA) (NYSE:ABX) has announced that it has reached a preliminary deal on Pascua-Lama. It generates new hopes for the biggest gold producing company. It is getting closer to start its Pascua-Lama mine high in the Andes. The company came close in agreements with a Chilean Indigenous group. Barrick Gold Corporation (USA) (NYSE:ABX) net profit margin is -94.70% and weekly performance is 0.50%. On last trading day company shares ended up $15.97. Analysts mean target price for the company is $20.50. Barrick Gold Corporation (USA) (NYSE:ABX) distance from 50-day simple moving average (SMA50) is -8.85%.