Delta Petroleum Corporation, an independent oil and gas exploration and development company, announced that it has received commitments from its expanded bank group for a new $590 million revolving credit facility (the “credit facility”) with an initial borrowing base of $295 million, an increase from the previous borrowing base of $250 million. The increase to [...]
Agnico-Eagle Mines Limited announced that it has executed a new non-amortizing US$300 million revolving credit facility, maturing September 2010. Including its pre-existing credit facility, the Company now has US$600 million of credit lines. The pre-existing facility is also a non-amortizing US$300 million revolving credit line, maturing January 2013. Both credit facilities are unsecured. The new [...]
Goodrich Petroleum Corporation announced the pricing of its previously announced offering of 3,000,000 shares of its common stock pursuant to a registration statement filed with the Securities and Exchange Commission.
All of the shares offered will be sold at a price to the public of $64.00 per share. Net proceeds from the offering, estimated at $183.9 [...]
Investors on Friday rewarded Joy Global Inc., which makes mining equipment, for a fiscal second-quarter profit that easily topped Wall Street expectations. The stock peaked at a new year high.
Net income for the three months ended May 2 fell to $72.1 million, or 66 cents per share, from $77.6 million, or 70 cents per share, [...]
Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in [...]
SXR Uranium One Inc. agreed to buy UrAsia Energy Ltd. for $3.1 billion, to form the world’s second- largest uranium producer as rising demand for nuclear fuel drives prices to records.
SXR, owner of South Africa’s largest undeveloped uranium deposit, offered C$7.05 ($6.01) a share in stock for Vancouver- based UrAsia, which owns uranium mines in [...]
Gammon Lake Resources Inc. is pleased to announce that the Ocampo Gold-Silver Mine has reached commercial production. The Company is proud to report that 11,009 gold equivalent ounces (5,706 ounces of gold and 244,217 ounces of silver) were produced and sold from the Ocampo and El Cubo Mines during the first 10 days of [...]
Shares of mining equipment makers rose Monday after a leading manufacturer of above-ground equipment bought a German company for $731 million and another turned in results that easily beat Wall Street expectations.
Bucyrus International Inc.’s shares jumped $5.75, or 13.5 percent, to close at $48.48 on the Nasdaq, one day after the South Milwaukee-based company announced [...]
Canada’s economy, the world’s eighth-largest, expanded 0.2 percent in July, the most in four months, led by mining, wholesaling and financial services.
The increase reported by Statistics Canada today in Ottawa compares with no growth in June and matches the median estimate in a Bloomberg News survey of 19 economists.
Today’s figures suggest the economy is rebounding [...]
Joy Global Inc., a maker of giant drills and shovels, said its mining customers could take a “significant” drop in the prices of coal, copper and other commodities without cutting back on their output, according to Chief Executive John Nils Hanson.
Underlining that optimism, the company said it’s boosting output of its high-priced shovels by 40 [...]
